716 W 81st Street, Los Angeles, CA 90044

About this property

First time on market in a several decades...Bread-and-butter deal for a 1st-time Investor or a local owner wanting to add to his portfolio. Seven 2 Bed/1 Bath units and four 1 Bed/1 Bath units. Carports in the front and rear. A value-add opportunity from day one - one unit will be delivered vacant, and the manager's unit (currently free rent) has no lease or written management agreement, in place, affording a new Buyer some immediate flexibility and upside. 2 units could, potentially, be at market soon after COE. Scheduled rents of $16K/month. Proforma rents of $22K+/month.6.4% cap scheduled. 9.4% cap proforma. Between Manchester and Florence, Hoover and the 110.

Listing description from the December 2024 sale, as reported to CRMLS.

Sale history

$1,500,000

Sold December 2024 · listed $1,999,000, on market May 2024 · MLS #24403972 · Source: CRMLS

Listing Agent: Brice Head · Listing Office: CBRE, Inc. · Contact: 310-363-4900 · Bought with: Brice Head · CBRE, Inc.

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