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$1,695,000
Est. payment /mo
7,591 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 7,591 sqft
Price per Sqft $223
MLS Listing ID CRSB25020176
HOA Y/N No
Year Built 1962
Lot Size 9,319 Sqft
Acres 0.21
Property Sub-Type Other
Property Description
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 7.38% CAP and an 8.89 GRM on current rents (with the vacant units re-rented at market rates) with potential upside to a 11.77% CAP and a 6.11 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.
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Fireplace No
Laundry No Hookups
Building
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 6032021020
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Listed by Vincent Cook • Kidder Mathews of California, Inc