Newly Constructed Townhouse Style Complex

$2,395,000

826 W. 80th St., Los Angeles, CA 90044

For Sale

Multifamily Garden Low Rise

Active

Last Updated: 11/15/2021

Details:

Building Size: 10,856 sqft

Lot Area: 0.2135 acres

Occupancy: 100%

Units: 5

Year Built: 2020

Offered by

David Yashar

Director

Keller Williams Austin

#01102638

Request Info to Unlock

Highlights:

THREE BUILDINGS CONSISTING OF 5 TOWNHOUSE STYLE UNITS TOTALING 10,856 GROSS SF.
2 DUPLEXES & 1 SINGLE FAMILY RESIDENCE.
EACH UNIT CONSISTS OF 5 BEDROOMS & 3 BATHROOMS, WASHER/DRYER HOOK-UPS, AND 2 PARKING SPACES.
EACH UNIT IS SEPERATELY METERED FOR GAS, WATER, AND POWER.
100% OCCUPIED!!!
6.7% CAP RATE ON CURRENT INCOME!!!
EXCELLENT INFILL LOCATION; OVER 40,000 PEOPLE RESIDE WITHIN A 1-MILE RADIUS & OVER 400,000 PEOPLE RESIDE WITHIN A 3-MILE RADIUS.

Description:

KW Commercial is pleased to present this Newly Constructed 5-Unit Townhouse style Complex in one of Los Angeles' densest areas. The site consists of 2 Duplexes and a Single Family Residence totaling 10,856 SF on 9,300 SF lot.

The complex is currently 100% occupied by a single tenant. Each unit consists of 5 Bedrooms, 3 bathrooms, washer/dryer hookup, and 2 parking spaces. The duplex units have a covered garage and the SFR has onsite gated parking. Each unit is separately metered for gas, water, and power.

This offering is a great opportunity for an investor to own a low landlord responsibility 5-Unit Residential Complex within an infill area of Los Angeles at a 6.7% CURRENT CAP RATE!!!

The subject property is located on the south side of 80th St. & just 4 parcels west of Hoover St. It is located between Vermont Ave & Figueroa St. It has great frontage with 50 feet along 80th St.

Schools in the immediate area include: Loren Miler Elementary School, Manchester Ave Elementary School, Raymond Avenue Elementary School, Fremont High School, just to name a few. This offering is also just 4 miles south of USC.

It has great accessibility, walking distance to the the Metro Bus Stops on Vermont Ave. & Figueroa St. and less than 0.5 miles from the Metro Silver Line Stop & the Harbor Transitway. It is also just west of the 110 freeway.

The offering is located in a densely populated area of Los Angeles, with over 40,000 people residing within a 1-mile radius and over 400,000 reside within a 3-mile radius.