538 W 82nd St - Apartments FOR SALE


Los Angeles, CA 90044- South Central LA
$1,750,000 USD
213-225-7223
538 W 82nd St, Los Angeles, CA for Sale
$1,750,000 USD
Apartments - FOR SALE
1/18
null | 7.11% Cap Rate

538 W 82nd St
Los Angeles, CA 90044
South Central LA


OVERVIEW

We are pleased to present 538 W 82nd St, a 9-unit property located in the heart of Los Angeles with 5 VACANT UNITS. Operating at a 7.11% CAP and an 9.18 GRM on current rents (with the vacant units re-rented at market rates) with potential upside to a 11.36% CAP and a 6.31 GRM on pro-forma rents, this building provides a buyer with the ability to achieve a high-cash flow. The property consists of two-story building constructed in 1962 with a strong unit mix of 7 two-bedroom units and 2 one-bedroom units, with three 2-bedroom units and 2 1-bedroom units delivered VACANT and rent ready. The property also features 9 onsite parking spaces with (4) carport spaces, providing potential for an ADU(s) conversion, as well as 5 uncovered spaces in the rear. This opportunity offers easy freeway access as it is situated just west and in close proximity to 110 Freeway as well as Popeyes, Tam’s Burgers #34, Jack in the Box, Tacos El Guero #1, Domino’s Pizza, KFC, McDonald’s, Subway and a number of other tenant amenities and conveniences. Please contact Vince Cook at Vincent.Cook@Kidder.com or at (310)405-3654 for additional information.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$231 USD /SF

# OF UNITS

9

PRICE/UNIT

$194,444

CAP RATE

7.11%

% LEASED

44%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,319 SF

ZONING

LAR3

APN/PARCEL ID

6032-021-020

ASK ABOUT THIS PROPERTY

Casey LinsKidder MathewsMore Info
213-225-7223

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Casey LinsKidder MathewsMore Info
213-225-7223

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.