Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

4

Building size

3,650 sqft

Lot size

6,677 sqft

Year built

1923

Stories

2

Heating

Natural Gas,Wall Furnace

Cooling

None

Status

Active

Days on market

32

MLS #

245885549

About this property

1524 W 81st Street is a value add four-unit investment and owner-user opportunity in south Los Angeles. Two of the four units will be delivered vacant, including the house. The property is on the market for the first time on the market in thirty years! Built in 1923, the 3,650 total SF buildings are situated on a 6,677 SF lot. The property consists of an approximately 1,000 SF house in the rear of the property and a triplex in the front of the property. The house has two bedrooms and one bathroom and each of the triplex units have two bedrooms and one and a half bathrooms. The triplex units are approximately 800 SF each and are townhouses (two stories). The immediate path to increase the value of this property is to update the two vacant units and rent them at market rates. In addition, the house in the rear of the property has yard space in the back and on both sides which could be transformed into a grass yard and private patio space. Furthermore, targeted cosmetic upgrades to the front triplex exterior would elevate the overall aesthetics.

Location

1524 W 81st Street

Los Angeles, Los Angeles, CA, 90047