
Seller's Agent in 2023
Max Berger
Compass
(310) 953-4562
2 in this area
33 Total Sales
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.
Date | Event | Price | List to Sale | Price per Sq Ft |
---|---|---|---|---|
08/25/2023 08/25/23 | Sold | $1,100,000 | -21.4% | $236 / Sq Ft |
06/26/2023 06/26/23 | Pending | -- | -- | -- |
05/30/2023 05/30/23 | Price Changed | $1,399,000 | -3.5% | $300 / Sq Ft |
05/03/2023 05/03/23 | For Sale | $1,450,000 | -- | $311 / Sq Ft |
Seller's Agent in 2023
Max Berger
Compass
(310) 953-4562
2 in this area
33 Total Sales
Source: The MLS
MLS Number: 23-266773