1850 E 71st Street
Los Angeles, CA 90001
2840 sqft | 10 beds | 0.13 acres | #24394601
Description
*** 2nd price reduction - $175,000 reduction from original listed price *** 1850 E. 71st St is a 4-unit & ADU value-add property offered at a 7.20% CAP and 9.31 GRM on current rents. The property consists of (1) 3-bdrm. and 2-bath unit, (2) 2-bdrm. units, (1) 2-bdrm. ADU, and (1) 1-bdrm. unit that generate approx. $10,737 in monthly gross income. 1850 E. 71st St. presents approx. 30% rental upside compared to renovated units in the area. The property will stabilize at a 10.95% CAP and 6.73 GRM by achieving market rents. Located just north of Florence Ave, this value-add opportunity is located 0.5 miles from Plaza La Alameda, a community center (opened in 2008) that is home to 220,000 SF of retail space and 18,000 SF of office space. In addition, the property is located 1 mile east of Pacific Blvd, the commercial heart of Huntington Park. 1850 E. 71st Street can be purchased individually or as part of a 5-property South LA portfolio. Please contact LA1 for more information.
Interior Details
- Bedrooms10
Property Details
- Stories2
Measurements
- Acres0.1297
- Square Feet2840
Construction Details
- Property TypeMulti-Family
Condition
- Year Built1923
Community and Neighborhood Details
- CountyLos Angeles
Financial Details
- Original List Price$1,300,000
Other
- MLS #24394601
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Max Berger (#CLW-C135509)
Listing Office: Compass (#CLW-X81461)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
