1850 E 71st St | Los Angeles, CA 90001
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- LoopNet Team
1850 E 71st St
Los Angeles, CA 90001
7.70% CAP & 8.73 GRM w/ 30% Rental Upside · Multifamily Property For Sale
·
4 Units
INVESTMENT HIGHLIGHTS
- Located 0.5 miles from Plaza La Alameda - (opened in 2008) home to 220,000 SF of retail space and 18,000 SF of office space
- Consists of (1) 3-bdrm. and 2-bath unit, (3) 2-bdrm. units, and (1) 1-bdrm. unit
- Approx. 30% rental upside - the property will stabilize at a 10.95% CAP and 6.73 GRM based on projected market rents
- 1 mile east of Pacific Blvd - the commercial heart of Huntington Park
- Offered at a 7.70% CAP and 8.73 GRM on current rents
- Part of a 5 property South LA portfolio - please contact Max Berger for more info at (818) 321-4972 or Max@KennyStevensTeam.com
PROPERTY FACTS
| No. Units | 4 | Lot Size | 0.13 AC |
| Property Type | Multifamily | Building Size | 2,840 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | C | Year Built | 1923 |
| Zoning | LCR4YY - Neighborhood Commercial | ||
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 2,840 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1923 |
| Zoning | LCR4YY - Neighborhood Commercial |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Freezer
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 1 | $2,888 | - |
| 2+1 | 3 | $2,194 | - |
| 1+1 | 1 | $1,189 | - |
PROPERTY TAXES
| Parcel Number | 6009-029-002 | Improvements Assessment | $300,000 |
| Land Assessment | $865,000 | Total Assessment | $1,165,000 |
PROPERTY TAXES
Parcel Number
6009-029-002
Land Assessment
$865,000
Improvements Assessment
$300,000
Total Assessment
$1,165,000
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