1850 E 71st Street Los Angeles, CA 90001
1850 E. 71st St is a 5-unit value-add property offered at a 6.45% CAP and 10.09 GRM on current rents. The property consists of (1) 3-bdrm. and 2-bath unit, (3) 2-bdrm. units 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 9.26% CAP and 7.78 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.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyLos Angeles
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site25 Days
- MLS StatusActive
- MLS ID Number24394601
- Home Size Source N/A
- Year Built1923
- Lot Size0.1297 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Style Bungalow
- Parking UncoveredSide by Side
- Parking Spaces 2
- Number of Stories 22
- Acreage 0.1297
- Security Gated Community
- Zoning LCR4YY
- Listing Conditions Standard
Interior Features
- Laundry Features Community
Exterior Features
- View None
Community Features
- Senior Community No
- MLS Area C42 - Downtown L.A.
- Security Features Gated Community