Los Angeles, CA 90044,538 W 82nd Street
Los Angeles, CA 90044,538 W 82nd Street
Los Angeles, CA 90044,538 W 82nd Street
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Listed by Vincent Cook • Kidder Mathews of California, Inc
$1,695,000
Est. payment /mo
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7,591 SqFt
Active

538 W 82nd Street Los Angeles, CA 90044

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Violet Sinclaire

Violet Sinclaire

eXp Realty of California, Inc.

+1(415) 713-9420

UPDATED:

Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 7,591 sqft

Price per Sqft $223

MLS Listing ID CRSB25020176

HOA Y/N No

Year Built 1962

Lot Size 9,319 Sqft

Property Sub-Type Other

Source Datashare California Regional

Property Description

We are pleased to present 538 W 82nd St, a 9-unit property located in the heart of Los Angeles with 5 VACANT UNITS. Operating at a 7.38% CAP and an 8.89 GRM on current rents (with the vacant units re-rented at market rates) with potential upside to a 11.77% CAP and a 6.11 GRM on pro-forma rents, this building provides a buyer with the ability to achieve a high-cash flow. The property consists of two-story building constructed in 1962 with a strong unit mix of 7 two-bedroom units and 2 one-bedroom units, with three 2-bedroom units and 2 1-bedroom units delivered VACANT and rent ready. The property also features 9 onsite parking spaces with (4) carport spaces, providing potential for an ADU(s) conversion, as well as 5 uncovered spaces in the rear. This opportunity offers easy freeway access as it is situated just west and in close proximity to 110 Freeway as well as Popeyes, Tam’s Burgers #34, Jack in the Box, Tacos El Guero #1, Domino’s Pizza, KFC, McDonald’s, Subway and a number of other tenant amenities and conveniences.

Location

State CA

County Los Angeles

Interior

Fireplace No

Laundry No Hookups

Building

Water Public


Bay East AOR and Contra Costa AOR

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agent

Violet Sinclaire

Agent | CA DRE #01990089

+1(415) 713-9420

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538 W 82nd Street