: $1,999,000
: 716 81st Street
: Los Angeles
: CA
: C36 - Metropolitan Southwest
: Residential Income
: 865 M2
: 11
: $6
: $199,428
: $193,445
: 24403972
: 0.2137 ac
Los Angeles Home For Sale. 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, one tenant in eviction 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. All 3 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.
Cbre, Inc.
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