7100 85th St Los Angeles, CA 90045-2590

Property Details for 7100 85th St

Year built

1960

Construction

WOOD

Lot size

0.24 lot acres

Property size

9,590 SF

Zone code

LARD1.5

Property type

Apartment buildings

APN

4113-013-026

APU

4113013026

Description

This exceptional 11-unit apartment building in Los Angeles' desirable Westchester neighborhood presents a compelling value-add investment opportunity. The property, built in 1960, boasts 9,590 square feet on a 10,558 square foot lot, with a permitted LARD1.5 zoning designation. Each of the two-story building's 11 units features central air and heat, a significant advantage in attracting and retaining tenants. Current rents are below market, offering approximately 40% upside potential. The property's convenient location, with a walk score of 85, places it within walking distance of numerous amenities including Bristol Farms, LA Fitness, Bowlero, and various dining options. Its proximity to Loyola Marymount University (less than 0.5 miles) provides an opportunity to target student housing. The property also includes on-site laundry facilities and a spacious courtyard. The asking price is $3,550,000, representing $322,727 per unit and a price per square foot of $370.18. The property's strong location, near LAX, the 405 freeway, and Silicon Beach, further enhances its investment appeal. The Net Operating Income (NOI) is $160,792, resulting in a 4.53% cap rate. The property's features, combined with its location and market potential, make it an attractive investment opportunity.

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Longitude

-118.417

Latitude

33.9604

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments