606 W 81st St 10 Unit Apartment Building $1,350,000 ($135,000/Unit) 6.28% Cap Rate Los Angeles, CA 90044

Kingside Investment Group is proud to present 606 W 81st Street is a 10-unit multifamily apartment investment located in the Vermont Knolls area of South Los Angeles. Constructed in 1927, the property sits on an approximately 9,310-square-foot lot and contains roughly 4,160 square feet of rentable living space, featuring a traditional courtyard-style configuration that enhances tenant privacy and long-term occupancy. The property is zoned LAR3, providing favorable low-to-medium density residential zoning and long-term redevelopment optionality. Its central location offers convenient access to the 110 Freeway, public transportation, and major employment corridors connecting Downtown Los Angeles, the South Bay, and surrounding areas.
The asset presents a compelling value-add opportunity, with rents believed to be below current market levels, allowing investors to increase income through interior upgrades, improved management, and gradual rent optimization. The vintage construction provides classic architectural character while also creating potential for capital improvements that can drive higher returns over time. In addition to raising the rents through improvements there is immediate upside through re-tenanting two vacant “rent ready” units at the building.
With a history of stable occupancy and positioning in a dense, supply-constrained urban infill neighborhood, 606 W 81st Street is well suited for investors seeking long-term cash flow, appreciation, and operational upside in one of Los Angeles’ most active multifamily rental markets.