627 W 82Nd St Los Angeles, CA 90044
Five-unit apartment building in rapidly gentrifying Los Angeles neighborhood.
Lot size:
0.21 AcresProperty Features for 627 W 82Nd St
General Information
- Lot size
- 0.21 Acres
Building Details
- Year built
- 1924
Source: Shield CRE, Inc.
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Five-Unit Apartment on Large Lot
This is a five-unit apartment building situated on a 9,302-SF lot in a rapidly gentrifying and revitalized neighborhood of Los Angeles. The unit mix consists of one 3-bedroom/1-bathroom house and four 2-bedroom/1-bathroom units. The property is zoned LAR3 TOC Tier 3, allowing for the construction of up to 20 units. The TOC Tier 3 zoning provides a high-density bonus allowance with no subterranean parking required and only 0.5 parking spaces per unit. There is a tremendous value-add opportunity with approximately 36% in rental upside. The gated building includes 5 parking spaces. One unit will be delivered vacant. The property is located 3 miles from SoFi Stadium, Youtube Theatre, The Forum, and Intuit Dome (NBA Clippers Arena).
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.285
- Latitude
- 33.9644
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FAQs
What type of property is this?
Apartment building - Five-unit apartment building in rapidly gentrifying Los Angeles neighborhood.
Where is this apartment building located?
The property is located at 627 W 82Nd St Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: - Rare LAR3 TOC Tier 3 Zoning - build up to 20 units*; - Enjoy an 8.55% pro-forma cap rate & 8.27 pro-forma GRM; - Tremendous value-add opportunity - approximately 36% in rental upside