About The Property

1408 West 80th Street is a 6-unit property in South Los Angeles, operating at a 5.06% 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.


Price $1,100,000

Year Built 1963

City South Los Angeles

Units 6

Current CAP 5.53%

Price p/ Sq. ft. $236

Price P/ Unit $241,667

Exterior of 1408 80th


Previously listed with another agent who produced minimal activity, the Sellers saw our team activity in the area’s sales comps and contacted KST to get the job done. We listed the property in early April. As interest rates approached 6.5%, many investors adopted a “wait and see” approach. Despite several vacant units offering the opportunity for immediate upside, the property had a large amount of deferred maintenance that deterred most investors.


Since the property required an immense amount of work, we targeted marketing towards experienced investors with strong value-add experience or were familiar with this South LA neighborhood. Ultimately, we were able to identify a buyer who was looking to expand his affordable housing portfolio, and wanted to capitalize on this property’s immediate potential. 60 days later, escrow closed at $1,100,000. Given their uneventful experience with their previous broker, the Sellers were relieved KST got the deal to the finish line.

Speaking for myself and everyone involved, you were absolutely the best broker we could have selected to market our portfolio. You found an incredible buyer and were able to guide us through so many challenges, including a global pandemic, and secured us a price beyond our expectations.

- Seller (60 Units by The Grove)

“I cannot say enough great things about KST. They take care of you, they have the connections needed, and they get the job done! We were amazed at how quickly our sale went through during the COVID pandemic.”

- Seller (4 Units in Beverly Grove)

“It was truly a pleasure working with Kenny. He is professional, honest, hardworking and most importantly did what he said he would. Kenny sold the property at list price in less than 60 days from start to finish.”

- Seller (Beachfront Generational Asset in Playa del Rey)