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 Units w/ 5.08% CAP & 40% Rental Upside in South LA
1408 West 80th Street, Los Angeles
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
About the Property
