First time on market in a several decades...Bread-and-butter deal for a 1st-time Investor or a local owner wanting to add to his portfolio. Seven 2 Bed/1 Bath units and four 1 Bed/1 Bath units. Carports in the front and rear. A value-add opportunity from day one - one unit will be delivered vacant, and the manager's unit (currently free rent) has no lease or written management agreement, in place, affording a new Buyer some immediate flexibility and upside. 2 units could, potentially, be at market soon after COE. Scheduled rents of $16K/month. Proforma rents of $22K+/month.6.4% cap scheduled. 9.4% cap proforma. Between Manchester and Florence, Hoover and the 110.
Sold for $1,500,000
$1,500,000
716 W 81st St, Los Angeles, CA 90044
18beds
11baths
7,795sqft
Multi Family
Built in 1960
-- sqft lot
$1,505,900 Zestimate®
$192/sqft
$2,157 Estimated rent
Home value
$1,505,900
$1.36M - $1.69M
$2,157/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Brice Head DRE # 01330706 310-344-8218,
CBRE, Inc. 310-363-4900
Bought with:
Brice Head, DRE # 01330706
CBRE, Inc.
Source: CLAW,MLS#: 24-403972
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 18
- Bathrooms: 11
Heating
- Wall
Cooling
- Ceiling Fan(s)
Appliances
- Included: Refrigerator, Range/Oven
Features
- Ceiling Fan(s)
Interior area
- Total structure area: 7,795
- Total interior livable area: 7,795 sqft
Property
Parking
- Total spaces: 6
- Parking features: Attached Carport
- Has carport: Yes
- Covered spaces: 6
Features
- Levels: Two
- Stories: 2
Lot
- Size: 9,308 Square Feet
- Dimensions: 50 x 186
Details
- Additional structures: None
- Zoning: LAR3
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1960
Community & HOA
Location
- Region: Los Angeles
Financial & listing details
- Price per square foot: $192/sqft
- Tax assessed value: $463,178
- Date on market: 6/14/2024
- Total actual rent: 199428
- Road surface type: Alley Paved
Price history
| Date | Event | Price |
|---|---|---|
| 12/31/2024 | Sold | $1,500,000-25%$192/sqft |
Source:  CLAW #24-403972 Report a problem | ||
| 11/11/2024 | Contingent | $1,999,000$256/sqft |
Source: CLAW #24-403972 Report a problem | ||
| 6/14/2024 | Listed for sale | $1,999,000$256/sqft |
Source: CLAW #24-403972 Report a problem | ||
| 11/11/2013 | Listing removed | $1,000 |
Source: Go Section8 Report a problem | ||
| 11/8/2013 | Listed for rent | $1,000 |
Source: Go Section8 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: South Los Angeles
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Nearby schools
GreatSchools rating
- 4/10Loren Miller Elementary SchoolGrades: K-6Distance: 0.3 mi
- 3/10Mary Mcleod Bethune Middle SchoolGrades: 6-8Distance: 1.1 mi
- 3/10Academy For Multiligual Arts And Science At Mervyn M. Dymally HighGrades: 9-12Distance: 1.1 mi
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Estimated market value
$1,505,900
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,505,900
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