520 W 82Nd St Los Angeles, CA 90044
South Los Angeles renovated apartment complex with ADU potential.
Lot size:
0.21 AcresProperty Features for 520 W 82Nd St
General Information
- Lot size
- 0.21 Acres
Building Details
- Year built
- 1936
Source:
Elliman
Listing Agency: McAlpin & Company
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Renovated 7-Unit Apartment Complex
The subject property is a 7-unit apartment complex located in the South Los Angeles submarket. It consists of four 3-bedroom - 1 bath units, two 2-bedroom 1 bath units and one 1 bedroom 1 bath unit. The complex was renovated in 2020, with new plumbing, electrical, roof, kitchens and bathrooms. The building is capable of producing over $19,000 when fully occupied. There are currently 3 vacancies, which can be rented out to Section 8 tenants for maximum value. There are plans and permits for an ADU which the Buyer can utilize to complete the project. This investment property is projected to produce over 10% cash on cash return.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.28335
- Latitude
- 33.9642
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - South Los Angeles renovated apartment complex with ADU potential.
Where is this apartment building located?
The property is located at 520 W 82Nd St Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,795,000.
What are key features of this property?
This property features: - Renovated in 2020 with new plumbing, electrical, roof, kitchens, and bathrooms.; - High income potential: Capable of producing over $19,000 when fully occupied.; - Excellent investment opportunity: 7.8 GRM and 8.2% CAP rate.