Property Details

Price $1,399,000

Year Built 1963

# of Units 6

Price P/ Unit $233,167

Sq. ft. 4,669 SF

Price p/ Sq. ft. $300

Current Cap Rate 5.06%

Proforma Cap Rate 8.05%

Lot Size 6,676 SF

Zoning LARD3

Exterior photo of 1408 80th

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.

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