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1408 80th Street
Los Angeles, CA 90047
Sold
1408 West 80th Street is a 6-unit property in South Los Angeles, operating at a 5.06% current CAP and offering investors approx. 40% rental upside. Located just east of Western Ave, the subject property features (5) two-bedroom units and (1) one-bedroom unit that generate approx. $ 9,150+ in gross monthly income. Please note (2) two-bedroom units will be delivered VACANT upon COE, and there are currently four section-8 tenants (please contact listing agent for more info). A future investor could achieve approx. based on market rents for renovated units in the area. $12,750+ in projected monthly income (40% rental upside) and operate the property at a 8.05% pro-forma CAP. Additionally, the property sits on a 6,676 SF lot with ample surface parking spots and a community laundry room.
PROPERTY INFORMATION
| MLS # | 23266773 | Lot Size | 6,676 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | N/A |
| Price | $ 1,399,000
Price Per SqFt: $ 300 |
DOM | 732 Days |
| Address | 1408 80th Street | Type | Residential Income |
| City | Los Angeles | Sq.Ft. | 4,669 Sq. Ft. |
| Postal Code | 90047 | Garage | N/A |
| County | Los Angeles | Year Built | 1963 |
| Bed / Bath | 11 / 0 | Parking | 6 |
| Built In | 1963 | Status | Closed |
| Sold Date | 2023-08-25 |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Community |
EXTERIOR FEATURES
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $1,492
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 05/03/2023 | Listed | $1,450,000 |
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Listing provided courtesy of Max Berger, Compass. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
