NOT LISTED FOR SALE
11 Beds
6 Baths
4,669 Sq Ft
6,676 Sq Ft Lot

Last Sold August 25, 2023

Last sale price $1,100,000 $236 Per Sq Ft

54 Days on Market

About This Home

As of August 2023

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.

Last Agent to Sell the Property

Max Berger

Compass License #02054048 Listed on: 05/03/2023

Compass

Last Buyer's Agent

Max Berger

Compass License #02054048 Listed on: 05/03/2023

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 6,676 Sq Ft Lot

Interior Spaces

  • 4,669 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 6 Bathrooms

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Side by Side Parking

Community Details

  • 6 Units
  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 6034-005-011

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 4669
  • Lot Acreage: 0.1533
  • Stories: 2
  • Year Built: 1963
  • Number Of Photos: 11
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 11
  • Common Walls: Attached
  • Laundry: Community
  • Total Bathrooms: 6.00
  • Price Per S Q F T: 299.64

Exterior Features

  • Other Structures: None

Garage/Parking

  • Other Spaces: 6
  • Parking Garage: Side By Side, Uncovered
  • Total Parking: 6

Lot Info

  • Assessor Parcel Number: 6034-005-011
  • Lot Size Area: 6676

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 12.66
  • Number Of Units: 6
  • Total Annual Expense: 36468
  • Type Of Units: Apartments
  • Vacancy Allow Percent: 2.50
  • Vacancy Rate: 2 units

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

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
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: The MLS

MLS Number: 23-266773

The MLS