Homes for sale - 526 W 82nd St, Los Angeles, CA 90044

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Gregory Masi

gregory@gregorymasi.com +1(310) 488-4880

$ 1,649,000

Est. payment | -/mo

7,804 SqFt

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$ 1,649,000

Est. payment | -/mo

Save

7,804 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,804 sqft

Price per Sqft $211

MLS Listing ID 24-455231

Year Built 1931

Lot Size 0.428 Acres

Acres 0.4279

Property Description

This property is being offered for the first time in 45 years, featuring an expansive 18,630 SF lot. It represents an exceptional value-add opportunity for experienced and savvy investor(s). The four separate buildings at the property consists of all one-bedroom, one-bath units, each approximately 650+ SF (buyer to verify). Potential to achieve a CAP rate exceeding 10% over time. Located in the dynamic area of South LA, this is the best deal on a per-door basis. The property offers the possibility of income growth surpassing 90%, along with the opportunity to add Accessory Dwelling Units (ADUs). It falls under TOC-TIER1 and is subject to LARSO, while providing significant development potential for a qualified buyer/investor. Utilities are separately metered. Buyers are encouraged to perform their own due diligence regarding ADU additions and overall development options. The property is sold in "as-is, where-is" terms. Laundry room is owned by the seller, and there are over 10+ parking spaces available to tenants that are being used for storage at this time. Two units, along with all parking and storage areas will be delivered vacant at closing. The rental income per unit listed on the flyer represents the average income across all units.

Location

State CA

County Los Angeles

Area Metropolitan Southwest

Zoning LAR3

Interior

Laundry Community

Exterior

Garage Spaces 10.0

Building

Story 1

Others

Special Listing Condition Standard

The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Compass

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Gregory Masi

REALTOR® | Lic# 1708321

gregory@gregorymasi.com

+1(310) 488-4880

11601 Wilshire Blvd., Suite 101 Los Angeles, CA

526 W 82nd St Los Angeles, CA 90044

Gregory Masi

Key Details

Location

Interior

Exterior

Building

Others

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526 W 82nd St