NOT LISTED FOR SALE

626 W 81st St Los Angeles, CA 90044

Vermont Knolls Neighborhood
18 Beds
11 Baths
8,280 Sq Ft
9,308 Sq Ft Lot

Last Sold August 23, 2022

Last sale price $1,850,000 $223 Per Sq Ft

67 Days on Market

About This Home

As of August 2022

We are pleased to present the opportunity to acquire two 11-unit multifamily communities located at 702 West 81st Street and 626 West 81st Street that can be sold together or separate. The subject properties are walking distance to multiple transit options, facilitating residents the ability to travel throughout Los Angeles and provides convenient access to daily errands and retail options. Positioned just four miles from the University of Southern California and 3.7 miles from the Forum and the SoFi Stadium, 626 and 702 West 81st Street are located south of Florence Avenue and East of Vermont Avenue near the 110 freeway. Built in 1965, 626 West 81st Street consists of seven two-bedroom units and four one-bedroom units and offers eight parking spaces. Two units will be delivered vacant, providing investors an immediate value-add opportunity. Built in 1961, 702 West 81st Street also consists of seven two-bedroom units and four one-bedroom units and offers eight parking spaces. Investors will have the opportunity to acquire a value-add investment with 90% upside through unit renovations.

Last Agent to Sell the Property

Sean Rosenzweig

Marcus & Millichap License #01406343 Listed on: 04/01/2022

Last Buyer's Agent

Sean Rosenzweig

Marcus & Millichap License #01406343 Listed on: 04/01/2022

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 9,308 Sq Ft Lot

Interior Spaces

  • 8,280 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 18 Bedrooms
  • 11 Bathrooms

Parking

  • 8 Parking Spaces
  • Covered Parking

Community Details

  • 11 Units

Listing and Financial Details

  • Assessor Parcel Number 6032-023-001

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 8280
  • Lot Acreage: 0.2137
  • Stories: 2
  • Year Built: 1962
  • Number Of Photos: 6
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 18
  • Total Bathrooms: 11.00
  • Price Per S Q F T: 289.86

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Covered Parking
  • Total Parking: 8

Lot Info

  • Assessed Improvement Percent: 82.91
  • Assessed Improvement Value: 142670
  • Assessed Land Percent: 17.09
  • Assessed Land Value: 29414
  • Total Assessed Value: 172084
  • Assessor Parcel Number: 6032-023-001
  • Lot Size Area: 9308

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 15.01
  • Number Of Units: 11
  • Total Annual Expense: 63033
  • Type Of Units: Residential
  • Vacancy Rate: 2 Units

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/23/2022 08/23/22 Sold $1,850,000 -22.9% $223 / Sq Ft
06/07/2022 06/07/22 Pending -- -- --
04/01/2022 04/01/22 For Sale $2,400,000 -- $290 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Sean Rosenzweig

    Seller's Agent in 2022

    Sean Rosenzweig

    Marcus & Millichap

    (213) 943-1800

    2 in this area

    67 Total Sales

    Sean Rosenzweig
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Map

Source: The MLS

MLS Number: 22-142379

The MLS

California Los Angeles County Los Angeles 90044 Vermont Knolls

626 W 81st St, Los Angeles, CA

This home is located at 626 W 81st St, Los Angeles, CA 90044 since 01 April 2022. This property was built in 1962. 626 W 81st St is a home located in Los Angeles County with nearby schools including Loren Miller Elementary School, Mary McLeod Bethune Middle School, and Academy For Multiligual Arts And Science At Mervyn M. Dymally High.

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