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Listed by Vincent Cook • Kidder Mathews of California, Inc
$1,695,000
Est. payment /mo
7,591 SqFt
Price Dropped by $55K
538 West 82nd Street Los Angeles, CA 90044
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Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 7,591 sqft
Price per Sqft $223
MLS Listing ID SB-25020176
Year Built 1962
Lot Size 9,319 Sqft
Property Sub-Type Apartment
Property Description
We are pleased to present 538 W 82nd St, a 9-unit property located in the heart of Los Angeles with 5 VACANT UNITS. Operating at a 7.38% CAP and an 8.89 GRM on current rents (with the vacant units re-rented at market rates) with potential upside to a 11.77% CAP and a 6.11 GRM on pro-forma rents, this building provides a buyer with the ability to achieve a high-cash flow. The property consists of two-story building constructed in 1962 with a strong unit mix of 7 two-bedroom units and 2 one-bedroom units, with three 2-bedroom units and 2 1-bedroom units delivered VACANT and rent ready. The property also features 9 onsite parking spaces with (4) carport spaces, providing potential for an ADU(s) conversion, as well as 5 uncovered spaces in the rear. This opportunity offers easy freeway access as it is situated just west and in close proximity to 110 Freeway as well as Popeyes, Tam's Burgers #34, Jack in the Box, Tacos El Guero #1, Domino's Pizza, KFC, McDonald's, Subway and a number of other tenant amenities and conveniences.
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Laundry None
Exterior
Parking Features Assigned
Pool None
Community Features Sidewalks
Building
Lot Description 0-1 Unit/Acre
Sewer Public Sewer