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620 W 82nd St 9 Unit Apartment Building $1,575,000 ($175,000/Unit) 6.58% Cap Rate Los Angeles, CA 90044
Executive Summary
Seller is ready to SELL! Carport earthquake retrofit has been completed. Roof is approximately 5 years old and significant plumbing has been completed as needed. Annual Gross Rental Income will be $179,520 once you rent out the two vacant units. Property consists of 9 units (7) 2 Bdrm/1 Bath and (2) 1Bdrm/1 bath- stable tenants. Value-add opportunity as rents are approximately 35% under market rents. This is terrific opportunity for an investor to reposition this property to achieve ProForma rent of $288,000/annual gross.
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Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$179,520
|
$23.22
|
| Other Income |
$2,863
|
$0.37
|
| Vacancy Loss |
$7,180
|
$0.93
|
| Effective Gross Income |
$175,203
|
$22.66
|
| Taxes |
$21,105
|
$2.73
|
| Operating Expenses |
$50,476
|
$6.53
|
| Total Expenses |
$71,581
|
$9.26
|
| Net Operating Income |
$103,622
|
$13.40
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $179,520 |
| Annual Per SF | $23.22 |
| Other Income | |
|---|---|
| Annual | $2,863 |
| Annual Per SF | $0.37 |
| Vacancy Loss | |
|---|---|
| Annual | $7,180 |
| Annual Per SF | $0.93 |
| Effective Gross Income | |
|---|---|
| Annual | $175,203 |
| Annual Per SF | $22.66 |
| Taxes | |
|---|---|
| Annual | $21,105 |
| Annual Per SF | $2.73 |
| Operating Expenses | |
|---|---|
| Annual | $50,476 |
| Annual Per SF | $6.53 |
| Total Expenses | |
|---|---|
| Annual | $71,581 |
| Annual Per SF | $9.26 |
| Net Operating Income | |
|---|---|
| Annual | $103,622 |
| Annual Per SF | $13.40 |
Property Facts
| Price | $1,575,000 | Apartment Style | Low-Rise |
| Price Per Unit | $175,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.21 AC |
| Cap Rate | 6.58% | Building Size | 7,732 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| Gross Rent Multiplier | 8.77 | No. Stories | 2 |
| No. Units | 9 | Year Built | 1961 |
| Property Type | Multifamily | Parking Ratio | 1/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R3 | ||
| Price | $1,575,000 |
| Price Per Unit | $175,000 |
| Sale Type | Investment |
| Cap Rate | 6.58% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 8.77 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 7,732 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1961 |
| Parking Ratio | 1/1,000 SF |
| Zoning | R3 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | 750 |
| 2+1 | 7 | - | 900 |
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Property Taxes
| Parcel Number | 6032-022-017 | Total Assessment | $1,078,747 |
| Land Assessment | $647,250 | Annual Taxes | $21,105 ($2.73/SF) |
| Improvements Assessment | $431,497 | Tax Year | 2025 |
Property Taxes
Parcel Number
6032-022-017
Land Assessment
$647,250
Improvements Assessment
$431,497
Total Assessment
$1,078,747
Annual Taxes
$21,105 ($2.73/SF)
Tax Year
2025
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620 W 82nd St
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