We are pleased to present 606 W 81st Street, a 10-unit multifamily investment opportunity located in the highly active 90044 submarket of South Los Angeles. Offered at an attractive 7.06% current CAP rate and 8.21 GRM, the property delivers strong in-place cash flow with an exceptional basis of just $115,000 per unit and $276 per square foot. The property consists of four 1-Bedroom/1-Bath units and six Studio units, all currently occupied, providing investors with stable day-one income.
Situated on a large 9,313-square-foot lot, the property features a desirable single-story courtyard-style layout with surface parking in the rear. The 4,160-square-foot building features a highly rentable unit mix that appeals to a broad tenant base.
Located in one of South Los Angeles' most active multifamily investment submarkets, the property benefits from a large inventory of workforce housing, strong rental demand, and convenient access to the Harbor (110) Freeway. This is an exceptional opportunity to acquire a high-yield, income-producing asset with stable cash flow and long-term investment potential.
For sale
Listed by: Lyon Stahl Investment Real Estate, Inc. • Larson Harley • Contact: 949-933-1112
$1,150,000
606 W 81st St, Los Angeles, CA 90044
4beds
10baths
4,160sqft
Mixed Use
Built in 1927
-- sqft lot
$1,141,000 Zestimate®
$276/sqft
$-- HOA
What's special
Single-story courtyard-style layout
- 14 days
- 96
- 5
Zillow last checked:
Listing updated:
Listed by:
Larson Harley DRE #02045736 949-933-1112,
Lyon Stahl Investment Real Estate, Inc.
Source: CRMLS,MLS#: SB26185758
Originating MLS: California Regional MLS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 10
Appliances
- Laundry: None
Features
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 4,160
- Total interior livable area: 4,160 sqft
Property
Features
- Levels: One
- Stories: 1
- Entry location: Front
- Pool features: None
Lot
- Size: 9,313 Square Feet
- Features: Rectangular Lot
Details
- Parcel number: 6032024017
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Mixed Use
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1927
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Curbs, Gutter(s), Sidewalks
Location
- Region: Los Angeles
Financial & listing details
- Price per square foot: $276/sqft
- Tax assessed value: $1,014,910
- Date on market: 8/25/2026
- Cumulative days on market: 14 days
- Listing terms: Cash to New Loan
Estimated market value
$1,141,000
$1.08M - $1.20M
$2,452/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/25/2026 | Listed for sale | $1,150,000-7.9%$276/sqft |
Source: | ||
| 5/8/2026 | Listing removed | $1,249,000$300/sqft |
Source: | ||
| 4/2/2026 | Listed for sale | $1,249,000+48.7%$300/sqft |
Source: | ||
| 5/19/2016 | Sold | $840,000-1.2%$202/sqft |
Source: | ||
| 3/17/2016 | Price change | $850,000-5%$204/sqft |
Source: Remax Commercial and Investment Realty #16980203 Report a problem | ||
| 2/10/2016 | Price change | $895,000-4.8%$215/sqft |
Source: Remax Commercial and Investment Realty #16980203 Report a problem | ||
| 12/2/2015 | Listed for sale | $940,000+30.6%$226/sqft |
Source: Remax Commercial and Investment Realty #16980203 Report a problem | ||
| 9/19/2015 | Sold | $720,000$173/sqft |
Source: Agent Provided Report a problem | ||
| 6/25/2015 | Sold | $720,000-9.9%$173/sqft |
Source: Public Record Report a problem | ||
| 6/3/2015 | Pending sale | $799,000$192/sqft |
Source: Remax Commercial and Investment Realty #14814719 Report a problem | ||
| 1/13/2015 | Price change | $799,000-6%$192/sqft |
Source: RE/MAX COMMERCIAL & INVESTMENT REALTY #14814719 Report a problem | ||
| 12/6/2014 | Listed for sale | $850,000+25%$204/sqft |
Source: RE/MAX COMMERCIAL & INVESTMENT REALTY #14814719 Report a problem | ||
| 5/13/2005 | Sold | $680,000+126.7%$163/sqft |
Source: Public Record Report a problem | ||
| 7/26/2002 | Sold | $300,000+84.9%$72/sqft |
Source: Public Record Report a problem | ||
| 12/18/2000 | Sold | $162,263-23.6%$39/sqft |
Source: Public Record Report a problem | ||
| 8/31/2000 | Sold | $212,500-32.5%$51/sqft |
Source: Public Record Report a problem | ||
| 8/24/1998 | Sold | $315,000+80%$76/sqft |
Source: Public Record Report a problem | ||
| 1/22/1998 | Sold | $175,000+29.6%$42/sqft |
Source: Public Record Report a problem | ||
| 9/25/1997 | Sold | $135,000+57.1%$32/sqft |
Source: Public Record Report a problem | ||
| 4/16/1997 | Sold | $85,950$21/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | -- | $1,014,910 +2% |
| 2025 | $13,027 +1.9% | $995,023 +2% |
| 2024 | $12,789 +1.8% | $975,526 +2% |
| 2023 | $12,561 +4.5% | $956,411 +2% |
| 2022 | $12,014 +1.3% | $937,671 +2% |
| 2021 | $11,855 -0.9% | $919,299 +1% |
| 2020 | $11,967 | $909,881 +2% |
| 2019 | $11,967 +5.3% | $892,054 +2% |
| 2018 | $11,363 | $874,576 +2.1% |
| 2017 | $11,363 +2.5% | $856,800 +17.2% |
| 2016 | $11,088 +16.5% | $730,980 -7.3% |
| 2015 | $9,516 -4.5% | $788,665 +2% |
| 2014 | $9,962 | $773,218 +5.3% |
| 2010 | -- | $734,308 +1.8% |
| 2008 | -- | $721,621 +2% |
| 2007 | -- | $707,472 +2% |
| 2006 | -- | $693,600 +127% |
| 2004 | -- | $305,600 +1.9% |
| 2003 | -- | $300,000 -6.6% |
| 2000 | -- | $321,300 |
Find assessor info on the county website
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Neighborhood: South Los Angeles
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