627 W 82nd St | Los Angeles, CA 90044
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- LoopNet Team
627 W 82nd St
Los Angeles, CA 90044
Multifamily Property For Sale
·
5 Units
INVESTMENT HIGHLIGHTS
- Five-Unit Apartment on a Large 9,302-SF Lot | Located in the Rapidly Gentrifying & Revitalized Neighborhood of Los Angeles
- Unit Mix of (One) 3-Bedroom/1-Bathroom House and (Four) 2-Bedroom/1-Bathroom Units | Rare LAR3 TOC Tier 3 Zoning – Build Up to 20 Units*
- One Unit Delivered Vacant | Gated Building with 5 Parking Spaces | Offered at $230,000 Per Unit & $328 Per SF
- 8.55% Pro-Forma Cap Rate & 8.27 Pro-Forma GRM | 5.41% Current Cap Rate & 11.28 Current GRM
- Tremendous Value-Add Opportunity - Approximately 36% in Rental Upside | Located 3 Miles from SoFi Stadium, Youtube Theatre, The Forum & Intuit Dome
- TOC Tier 3 High Density Bonus Allowance with No Subterranean Parking Required & Only 0.5 Parking Spaces Per Unit
PROPERTY FACTS
| No. Units | 5 | Building Size | 3,505 SF |
| Property Type | Multifamily | Average Occupancy | 80% |
| Property Subtype | Apartment | No. Stories | 2 |
| Building Class | C | Year Built | 1924 |
| Lot Size | 0.21 AC | Parking Ratio | 1.43/1,000 SF |
| Zoning | R3 - LAR3 - TOC Tier 3 | ||
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 3,505 SF |
| Average Occupancy | 80% |
| No. Stories | 2 |
| Year Built | 1924 |
| Parking Ratio | 1.43/1,000 SF |
| Zoning | R3 - LAR3 - TOC Tier 3 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+1 | 1 | $1,600 | - |
| 2+1 | 4 | $1,724 | - |
PROPERTY TAXES
| Parcel Number | 6032-023-025 | Improvements Assessment | $256,009 |
| Land Assessment | $682,696 | Total Assessment | $938,705 |
PROPERTY TAXES
Parcel Number
6032-023-025
Land Assessment
$682,696
Improvements Assessment
$256,009
Total Assessment
$938,705
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