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702 W 81ST St

Los Angeles, CA 90044
  • $2,100,000
  • STATUS: Active
  • ON SITE: 51 Days
  • MLS #: 22-142429
UPDATED: 36 min ago
$2,100,000
  • 18
    BEDS
  • 0.21
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 8,040
    SQFT
  • $261
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1961
County:

School Ratings & Info

Description

We are pleased to present the opportunity to acquire two 11-unit multifamily communities located at 702 West 81st Street and 626 West 81st Street that can be sold together or separate. The subject properties are walking distance to multiple transit options, facilitating residents the ability to travel throughout Los Angeles and provides convenient access to daily errands and retail options. Positioned just four miles from the University of Southern California and 3.7 miles from the Forum and the SoFi Stadium, 626 and 702 West 81st Street are located south of Florence Avenue and East of Vermont Avenue near the 110 freeway. Built in 1965, 626 West 81st Street consists of seven two-bedroom units and four one-bedroom units and offers eight parking spaces. Two units will be delivered vacant, providing investors an immediate value-add opportunity. Built in 1961, 702 West 81st Street also consists of seven two-bedroom units and four one-bedroom units and offers eight parking spaces. Investors will have the opportunity to acquire a value-add investment with 90% upside through unit renovations.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-23T19:42:59.373. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.markwiseproperties.com/homes/127306770
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702 W 81ST St Los Angeles, CA 90044

  • Price: $2,100,000
  • Status: Active
  • On Site: 51 Days
  • Updated: 36 min ago
  • MLS #: 22-142429
18
Beds
0
Baths
0
½ Baths
0.21
Acres
8,040
SQFT
$261
$/SQFT
1961
Built
Neighborhood:
Metropolitan Southwest
County:
Los Angeles
Area:
Metropolitan Southwest
Property Description
We are pleased to present the opportunity to acquire two 11-unit multifamily communities located at 702 West 81st Street and 626 West 81st Street that can be sold together or separate. The subject properties are walking distance to multiple transit options, facilitating residents the ability to travel throughout Los Angeles and provides convenient access to daily errands and retail options. Positioned just four miles from the University of Southern California and 3.7 miles from the Forum and the SoFi Stadium, 626 and 702 West 81st Street are located south of Florence Avenue and East of Vermont Avenue near the 110 freeway. Built in 1965, 626 West 81st Street consists of seven two-bedroom units and four one-bedroom units and offers eight parking spaces. Two units will be delivered vacant, providing investors an immediate value-add opportunity. Built in 1961, 702 West 81st Street also consists of seven two-bedroom units and four one-bedroom units and offers eight parking spaces. Investors will have the opportunity to acquire a value-add investment with 90% upside through unit renovations.
Exterior Features

Lot Size Area 9308 Other Structures None Parking Garage Covered Parking Total Parking 8

Interior Features

Baths Total 11.00 Cooling Other Equipment Other Heating Other

Property Features

Assessed Total Value 163027 Gross Income 126864 Gross Operating Income 123958 Like Units1 4 Like Units2 7 Net Operating Income 64799.00 Number Of Buildings 1 Number Of Units 11 Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 59159 Type Of Units Residential Year Built Source Assessor Zoning Lar3

Listing provided courtesy of Sean Rosenzweig DRE#01406343 of Marcus & Millichap.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-23T19:42:59.373. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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Mark Wise | Bennion Deville Homes
71691 Highway 111
Rancho Mirage CA, 92270