Los Angeles, CA 90044,526 W 82nd St
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526 W 82nd St Los Angeles, CA 90044

7,804 SqFt


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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Square Footage 7,804 sqft

Price per Sqft $211

MLS Listing ID 24-455231

Year Built 1931

Lot Size 0.428 Acres

Acres 0.4279

Property Sub-Type Multi-Family

Property Description

This property is being offered for the first time in 45 years, featuring an expansive 18,630 SF lot. It represents an exceptional value-add opportunity for experienced and savvy investor(s). The four separate buildings at the property consists of all one-bedroom, one-bath units, each approximately 650+ SF (buyer to verify). Potential to achieve a CAP rate exceeding 10% over time. Located in the dynamic area of South LA, this is the best deal on a per-door basis. The property offers the possibility of income growth surpassing 90%, along with the opportunity to add Accessory Dwelling Units (ADUs). It falls under TOC-TIER1 and is subject to LARSO, while providing significant development potential for a qualified buyer/investor. Utilities are separately metered. Buyers are encouraged to perform their own due diligence regarding ADU additions and overall development options. The property is sold in "as-is, where-is" terms. Laundry room is owned by the seller, and there are over 10+ parking spaces available to tenants that are being used for storage at this time. Two units, along with all parking and storage areas will be delivered vacant at closing. The rental income per unit listed on the flyer represents the average income across all units.

Location

State CA

County Los Angeles

Area Metropolitan Southwest

Zoning LAR3

Interior

Laundry Community

Exterior

Garage Spaces 10.0

Building

Story 1

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by Compass
Cherrie And Zach

Cherrie And Zach

Broker || Owners | License ID: 01904568

+1(661) 312-2536

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526 W 82nd St