Active MLS # 24403972 | Listed by Brice Head with CBRE, Inc.
716 W 81st Street is a $1,999,000, 7,795 square foot, 18 bedroom, 11.0 bath home on a 0.21 acre lot located in Los Angeles, CA.
First time on market in a several decades...Bread-and-butter deal for a 1st-time Investor or a local owner wanting to add to his portfolio. Seven 2 Bed/1 Bath units and four 1 Bed/1 Bath units. Carports in the front and rear. A value-add opportunity from day one - one unit will be delivered vacant, and the manager's unit (currently free rent) has no lease or written management agreement, in place, affording a new Buyer some immediate flexibility and upside. 2 units could, potentially, be at market soon after COE. Scheduled rents of $16K/month. Proforma rents of $22K+/month.6.4% cap scheduled. 9.4% cap proforma. Between Manchester and Florence, Hoover and the 110.
| Appliances | Refrigerator |
| Interior Features | Ceiling Fans |
| Heating Types | Wall Furnace Heating - Yes |
| # Parking Spaces | 6 |
| Parking Types | Attached Carport Attached Garage - Yes Carport - Yes |
| Exterior Features | Standard |
| Attribution Contact | 310-363-4900 |
| Property Type | Residential Income |
| Style | Two Full Service |
| Year Built | 1960 |
| HOA Fee | $0.00 |
| Taxes | $0.00 |
| County | los angeles |
| Neighborhood |
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