1850 E 71st St
Los Angeles,
CA
90001
Property Details
List Price: |
$1,300,000 |
Beds: |
10 |
Baths: |
-- |
Status: |
Active |
SqFt: |
2300 |
Agency: |
Compass |
Description/Comments
Lot Size: |
-- |
Property Type: |
MultiFamily |
Year Built: |
1923 |
Notes: |
1850 E. 71st St is a 5-unit value-add property offered at a 6.45% CAP and 10.09 GRM on current rents. The property consists of (1) 3-bdrm. and 2-bath unit, (3) 2-bdrm. units and (1) 1-bdrm. unit that generate approx. $10,737 in monthly gross income. 1850 E. 71st St. presents approx. 30% rental upside compared to renovated units in the area. The property will stabilize at a 9.26% CAP and 7.78 GRM by achieving market rents. Located just north of Florence Ave, this value-add opportunity is located 0.5 miles from Plaza La Alameda, a community center (opened in 2008) that is home to 220,000 SF of retail space and 18,000 Sf of office space. In addition, the property is located 1 mile east of Pacific Blvd, the commercial heart of Huntington Park. 1850 E. 71st Street can be purchased individually or as part of a 5-property South LA portfolio. Please contact LA1 for more information. |
MlsNumber: |
24-394601 |
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Listing Provided By: |
Compass, original listing |
Name: |
Compass |
Office Name: |
Compass |
Office Phone: |
(310) 230-5478 |
Agent Name: |
Max Berger |
Disclaimer: |
Copyright © 2024 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |