1805 W 80TH Street, Los Angeles, CA 90047

About this property

We are pleased to present the opportunity to acquire 9 units in the Vermont Square/Morningside Circle neighborhood of South Los Angeles. Built in 1954, this two story apartment building is comprised of seven (7) 1 bed/1 bath units, one (1) 2 bed/1 bath unit and one (1) studio unit. With seven of nine units recently renovated and re-leased by current ownership, this property provides a future investor with higher than average returns for the area and double digit leveraged returns with the possibility of a very low down payment. 1805 West 80th Street is subject to the City of LAs seismic retrofitting ordinance and seller will provide all quotes for the work required to a potential investor. With one unit being delivered vacant, a potential investor has the ability to renovate and immediately rent the unit out and to boost year 1 returns significantly.

Listing description from the October 2019 sale, as reported to CRMLS.

Sale history

$1,430,000

Sold October 2019 · listed $1,500,000, orig. $1,550,000, on market June 2019 · MLS #19480572 · Source: CRMLS

Listing Agent: Sevak Keshishian · Listing Office: Marcus & Millichap · Contact: 818-212-2700 · Bought with: Sevak Keshishian · Marcus & Millichap

$930,000

Sold February 2019 · listed $1,100,000, on market December 2018 · MLS #SB18290879 · Source: CRMLS

Listing Agent: Sharon Sanchez · Listing Office: Ace Home Realty Inc. · Contact: 310-353-5610 · Bought with: Sharon Sanchez · Ace Home Realty Inc.

$565,000

Sold April 2012 · listed $530,000, on market November 2011 · MLS #C11154334 · Source: CRMLS

Listing Agent: STEVEN AGUILAR · Listing Office: CENTURY 21 MASTERS · Contact: 909-595-6697 · Bought with: STEVEN AGUILAR · CENTURY 21 MASTERS

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