520 W 82nd St Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90044
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,234 sqft
Price per Sqft $342
MLS Listing ID 25587227
Style Spanish Colonial
Bedrooms 17
Construction Status Updated/Remodeled
Year Built 1936
Lot Size 9,317 Sqft
Acres 0.2139
Property Sub-Type Multi-Family
Property Description
The subject property is a 7-unit apartment complex located in the South Los Angeles submarket. It consists of four 3-bedroom - 1 bath units, two 2-bedroom 1 bath units and one 1 bedroom 1 bath unit. The complex was renovated in 2020, with new plumbing, electrical, roof, kitchens and bathrooms. The building is capable of producing over $19,000 when fully occupied. There are currently 3 vacancies, which can be rented out to Section 8 tenants for maximum value. There are plans and permits for an ADU which the Buyer can utilize to complete the project. At 7.8 GRM and 8.2% CAP, this is an excellent investment that will produce over 10% cash on cash return. Shown with accepted offer only. Please do not walk on property or disturb tenants.
Location
State CA
County Los Angeles
Area Metropolitan Southwest
Zoning LAR3
Rooms
Other Rooms None
Interior
Heating Wall
Cooling Ceiling Fan
Flooring Laminate, Tile
Equipment Alarm System, Ceiling Fan, Hood Fan, Garbage Disposal
Exterior
Parking Features Controlled Entrance, Door Opener, Garage - 1 Car, Assigned, Covered Parking
Garage Spaces 6.0
View Y/N No
View None
Building
Story 2
Architectural Style Spanish Colonial
Level or Stories Two
Construction Status Updated/Remodeled
Others
Special Listing Condition Standard