CA > Los Angeles
Los Angeles, CA 90044,716 W 81st St
Los Angeles, CA 90044,716 W 81st St
Los Angeles, CA 90044,716 W 81st St
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$1,999,000
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18 BD
11 BA
7,795 SqFt
Active Under Contract

716 W 81st St Los Angeles, CA 90044

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Hunter Scholl

Hunter Scholl

+1(702) 575-1320

UPDATED:

11/11/2024 09:28 PM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 7,795 sqft

Price per Sqft $256

MLS Listing ID 24-403972

Bedrooms 18

Year Built 1960

Lot Size 9,309 Sqft

Acres 0.2137

Property Description

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.

Location

State CA

County Los Angeles

Area Metropolitan Southwest

Zoning LAR3

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Ceiling Fan

Equipment Ceiling Fan, Refrigerator, Range/Oven

Exterior

Garage Carport Attached

Garage Spaces 6.0

Building

Lot Description Alley Paved

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by CBRE, Inc.

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Hunter Scholl

+1(702) 575-1320

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716 W 81st St