526 W 82nd Street , Los Angeles, CA 90044
Los Angeles, CA 90044
Description
This property is being offered for the first time in 45 years, featuring an expansive 18,630 SF lot. It represents an exceptional value-add opportunity for experienced and savvy investor(s). The four separate buildings at the property consists of all one-bedroom, one-bath units, each approximately 650+ SF (buyer to verify). Potential to achieve a CAP rate exceeding 10% over time. Located in the dynamic area of South LA, this is the best deal on a per-door basis. The property offers the possibility of income growth surpassing 90%, along with the opportunity to add Accessory Dwelling Units (ADUs). It falls under TOC-TIER1 and is subject to LARSO, while providing significant development potential for a qualified buyer/investor. Utilities are separately metered. Buyers are encouraged to perform their own due diligence regarding ADU additions and overall development options. The property is sold in "as-is, where-is" terms. Laundry room is owned by the seller, and there are over 10+ parking spaces available to tenants that are being used for storage at this time. Two units, along with all parking and storage areas will be delivered vacant at closing. The rental income per unit listed on the flyer represents the average income across all units.
Details
| Mls | 24455231 |
|---|---|
| Listing Type | For Sale |
| Subtype | Resale |
| Status | Active |
| Year | 1931 |
| Days On Site | 51 |
| Listing Provided By | Compass 310-230-5478 | George Morales |
Features
| Sq Feet | 7,804 |
|---|---|
| Storys | 1 |
| Units | 14 |
| Zoning | LAR3 |
| Acreage | 0.43 |
Market Activity 90044
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| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90044 |
| Area | C36 Metropolitan Southwest |
| Listing VS Median (in 90044) | |
Price: $1,649,000 low | high Med: $998,000 SqFt: 7,804 low | high Med: 2,194 $ / SqFt: $211 low | high Med: $455 On Site: 51 low | high Med: 186.000000 | |