Closed Listing
1408 W. 80th Street
1408 w 80th st
sold in
Los Angeles
Sold At
$
1,100,000
6
Number of Units
1963
Year Built
4,669
SF
Square Footage
6,676 SF
SF
Lot Size
LARD3
Zoning
1408 West 80th Street, Los Angeles, CA 90047
About the Property
1408 West 80th Street is a 6-unit property in South Los Angeles, operating at a 4.84% current CAP and offering investors approx. 40% rental upside. Located just east of Western Ave, the subject property features (5) two-bedroom units and (1) one-bedroom unit that generate approx. $ 9,150+ in gross monthly income. Please note (2) two-bedroom units will be delivered VACANT upon COE, and there are currently four section-8 tenants (please contact listing agent for more info). Based on market rents for renovated units in the area, a future investor could achieve approx. $12,750+ in projected monthly income (40% rental upside) and operate the property at a 7.72% pro-forma CAP. Additionally, the property sits on a 6,676 SF lot with ample surface parking spots and a community laundry room.
6
Number of Units
1963
Year Built
4,669
SF
Square Footage
6,676 SF
SF
Lot Size
LARD3
Zoning
Detailed Brochure on Real Estate Opportunities
Price P/ Unit
$233,167
Price p/ Sq. ft.
$300
Proforma Cap Rate
8.05
Contact
Sales agent
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