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526 W 82Nd Street

Los Angeles, CA 90044

PRICE REDUCED

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-$251,000 (-13.21%)

$1,649,000

List Price

N/A

bed Beds

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1931

calendar_month Built

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.

Listing Information

List Price $1,649,000
Status Active
MLS 24455231
HOA $0
Type Commercial
Year Built 1931
Lot Size 18,638
Structure Size N/A
DOM 26
Courtesy Of Compass
Listing Agent George Morales DRE#01984555
Co-Listing Agent Subscriber Non DRE#13252

Interior Features

Laundry Information
Location(s) Common Area
Total Bedroom
Bedrooms N/A

Exterior Information

Maps

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Listing information courtesy of: George Morales, Subscriber Non, Compass 323-578-8423. *Based on information from the Association of REALTORS/Multiple Listing as of Nov 17th, 2024 at 4:54 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.