840 W 81st St - Apartments FOR SALE


Los Angeles, CA 90044- South Central LA
$1,200,000 USD
818-642-0242
840 W 81st St, Los Angeles, CA for Sale
$1,200,000 USD
Apartments - FOR SALE
1/5
null | 5% Cap Rate

840 W 81st St
Los Angeles, CA 90044
South Central LA


HIGHLIGHTS

  • 58% Upside Potential
  • Additional Storage & Garage (3) Income
  • ADU (s) in Rear of the Building
  • Individually Metered: Gas & Electricity
  • Copper Plumbing
  • New Roof , Windows , Paint , Railings

OVERVIEW

We are pleased to present a six-unit apartment building available for purchase at 840 W. 81st Street. A prime investment opportunity in Vermont Knolls, South LA! This six-unit apartment building features five (1 Bed/1 Bath) units and one (2 Bed/1 Bath) unit, totaling 4,025 sq. ft. on a 9,303 sq. ft. lot. Three units will be delivered vacant. This property offers a substantial upside potential. In addition, the buyer has the option to lease the existing garages and storage area to generate additional income and explore the possibility of constructing an additional 1 or 2 Bedroom ADU at the rear of the building (subject to the buyer’s own Due Diligence). As of March, 2025 the property is currently in REAP. Seller is diligently working to get the property out of REAP. Please feel free to get in touch with us for OM and any Inquiries.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$298 USD /SF

# OF UNITS

6

PRICE/UNIT

$200,000

CAP RATE

5%

% LEASED

50%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

840 W 81st St, Los Angeles, CA 90044

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,278 SF

ZONING

R3, Los Angeles

APN/PARCEL ID

6032-006-013

ASK ABOUT THIS PROPERTY

Akash SainiKW CommercialMore Info
818-642-0242

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Akash SainiKW CommercialMore Info
818-642-0242

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