7
See all 7 photos
$875,000
Est. payment /mo
5 Beds
5 Baths
3,884 SqFt
New
250 E 81st ST Los Angeles, CA 90003
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,884 sqft
Price per Sqft $225
MLS Listing ID 25547765
Bedrooms 5
HOA Y/N No
Year Built 1941
Lot Size 5,179 Sqft
Property Description
We are proud to present 250 E 81st St, a 6-unit mixed-use property in Los Angeles, offered at an 7.28% CAP and 8.54 GRM on current rents, with upside potential to achieve an 11.05% CAP and 6.35 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.
Location
State CA
County Los Angeles
Area C37 - Metropolitan South
Zoning LAR3
Interior
Cooling None
Fireplace No
Exterior
Parking Features Driveway
Total Parking Spaces 3
Building
Story 2
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 6030006013
Special Listing Condition Standard
Listed by Casey Lins • Kidder Mathews of California, Inc.