250 E 81st St Los Angeles, CA 90003
Florence NeighborhoodEstimated payment $5,110/month
About This Home
We are proud to present 250 E 81st St, a 6-unit mixed-use property in Los Angeles, offered at an 7.80% CAP and 8.06 GRM on current rents, with upside potential to achieve an 11.80% CAP and 5.99 GRM upon stabilization. Located just north of Manchester Ave and west of San Pedro St, in close proximity to John C. Fremont High School, this property offers excellent access with close proximity to the 110 Freeway, multiple Metro stations, and easy access to Downtown Los Angeles, Hyde Park, and Crenshaw. The property is comprised of two separate structures a single-story front structure with two commercial units and a two-story rear building with four residential units offering a total of 3,884 rentable square feet. Built in 1928 and 1941 respectively, the property sits on a 5,178 SF LAR3-zoned corner lot with street access on both sides. The unit mix features two commercial units with frontage on San Pedro Street, as well as one two-bedroom two-bathroom unit and three one-bedroom units. The two-bedroom unit and both commercial units will be delivered VACANT at closing, presenting an immediate opportunity for stabilization at market rents. Contact listing broker for additional information.
Co-Listing Agent
Vincent Cook
Kidder Mathews of California, Inc License #02012324
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,565
Year Built
- Built in 1941
Lot Details
- 5,178 Sq Ft Lot
Home Design
- Split Level Home
Interior Spaces
- 3,884 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 5 Bedrooms
- 5 Bathrooms
Parking
- 3 Parking Spaces
- Driveway
Listing and Financial Details
- Assessor Parcel Number 6030-006-013
Community Details
Overview
- 2 Buildings
- 6 Units
Building Details
- Rent Control
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $8,565 | $682,694 | $341,347 | $341,347 |
| 2024 | $8,565 | $669,308 | $334,654 | $334,654 |
| 2023 | $8,405 | $656,186 | $328,093 | $328,093 |
| 2022 | $8,026 | $643,320 | $321,660 | $321,660 |
| 2021 | $7,916 | $630,706 | $315,353 | $315,353 |
| 2020 | $7,991 | $624,240 | $312,120 | $312,120 |
| 2019 | $7,686 | $612,000 | $306,000 | $306,000 |
| 2018 | $4,217 | $317,820 | $150,830 | $166,990 |
| 2016 | $4,007 | $305,480 | $144,974 | $160,506 |
| 2015 | $3,953 | $300,893 | $142,797 | $158,096 |
| 2014 | $7,847 | $612,898 | $386,813 | $226,085 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/02/2025 09/02/25 | Price Changed | $825,000 | -5.7% | $212 / Sq Ft |
| 06/10/2025 06/10/25 | For Sale | $875,000 | +45.8% | $225 / Sq Ft |
| 05/01/2018 05/01/18 | Sold | $600,000 | -13.7% | $196 / Sq Ft |
| 05/01/2018 05/01/18 | Pending | -- | -- | -- |
| 02/26/2018 02/26/18 | For Sale | $695,000 | +135.6% | $227 / Sq Ft |
| 04/18/2014 04/18/14 | Sold | $295,000 | -1.3% | $96 / Sq Ft |
| 04/04/2014 04/04/14 | Pending | -- | -- | -- |
| 03/10/2014 03/10/14 | For Sale | $299,000 | -- | $98 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $600,000 | First American Title Company | |
| Grant Deed | $295,000 | First American Title Company | |
| Trustee Deed | $259,900 | None Available | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Grant Deed | $125,000 | Fidelity National Title | |
| Trustee Deed | $93,979 | North American Title Co | |
| Trustee Deed | $93,979 | North American Title Co |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $455,000 | Construction | |
| Closed | $455,000 | Commercial | |
| Closed | $450,000 | Construction | |
| Previous Owner | $390,000 | Commercial | |
| Previous Owner | $240,000 | Commercial | |
| Previous Owner | $286,000 | Commercial | |
| Previous Owner | $170,000 | Commercial | |
| Previous Owner | $124,284 | FHA |
Source: The MLS
MLS Number: 25547765
APN: 6030-006-013
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© 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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