1439 W 85th St

Manchester Square, Los Angeles, CA 90047

$1,400,000
11
beds
Multi Family Townhouse

AGENTS

Douglas Elliman
Douglas Elliman
Source of Data:
California Real Estate Technology Services

Property Description

*** Can be purchased individually or a part of a 48-unit portfolio, contact LA1 for more information ** 1439 W. 85th Street is a 7-unit value-add property in South Los Angeles operating at a 5.39% current CAP and offers investors approx. 50% upside in rents . Located near the intersection of S. Normandie Ave and Manchester Ave, the subject property is comprised of (1) three-bdrm. and one-bath unit, (2) two-bdrm. and one-bath units and (4) one-bdrm. units that generate approx. $9,600+ in gross monthly income. Based on market rents on renovated units in the area, we believe a future investor could achieve approx. $14,400+ in gross monthly income and operate the building at a 9.41% pro-forma CAP. The property amenities include on-site parking and a community laundry room.
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PROPERTY DETAILS

  • Interior
    4,844 Sq Ft.
  • Exterior
    .15 Acres
  • Property Type
    Multi Family Townhouse
  • Year Built
    1964
  • MLS/Listing ID
    22-198920
  • Days On Market
    65
Listing Courtesy of Compass, Max Berger - 02054048 - 818-321-4972