606 W 81st, Los Angeles, CA 90044
List Price: $1.15M
Listing Status: Active
0Days on Market: 0
0 Bedrooms · 0 Bathrooms
Property Type: ResidentialIncome
Year Built: 1927
Lot Size: 9,313 sq ft
Private Pool: Yes
MLS Number: SB26185758
About This Property
We are pleased to present 606 W 81st Street, a 10-unit multifamily investment opportunity located in the highly active 90044 submarket of South Los Angeles. Offered at an attractive 7.06% current CAP rate and 8.21 GRM, the property delivers strong in-place cash flow with an exceptional basis of just $115,000 per unit and $276 per square foot. The property consists of four 1-Bedroom/1-Bath units and six Studio units, all currently occupied, providing investors with stable day-one income. Situated on a large 9,313-square-foot lot, the property features a desirable single-story courtyard-style layout with surface parking in the rear. The 4,160-square-foot building features a highly rentable unit mix that appeals to a broad tenant base. Located in one of South Los Angeles' most active multifamily investment submarkets, the property benefits from a large inventory of workforce housing, strong rental demand, and convenient access to the Harbor (110) Freeway. This is an exceptional opportunity to acquire a high-yield, income-producing asset with stable cash flow and long-term investment potential.
Listing provided by: Larson Harley DRE #02045736 310-425-9838 larson@lyonstahl.com, Lyon Stahl Investment Real Estate, Inc.
Source: CRMLS, MLS #: SB26185758
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.