Property profile & analytics
716 81st St Los Angeles, CA 90044-5915
- Apartment buildings
- 7,795 SF
- 0.21 lot acres
OFF-MARKET
Last Sale
Oct 01, 2024
Oct 01, 2024
$1,500,000
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US09-7244795
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Current Use by Public Records
- Apartment buildings
Property Details for 716 81st St
- Year built
- 1960
- Construction
- WOOD
- Lot size
- 0.21 lot acres
- Property size
- 7,795 SF
- Zone code
- LAR3
- Property type
- Apartment buildings
- APN
- 6032-023-007
- APU
- 6032023007
Description
This 11-unit apartment building at 716 W. 81st St., Los Angeles, CA 90044, presents a compelling value-add opportunity. The property, built in 1960, boasts 7,795 square feet of net rentable space, currently generating a NOI of $128,698, representing a 6.44% cap rate. A pro-forma NOI of $187,714 projects a 9.39% cap rate, highlighting significant upside potential. The asking price is $1,999,000, or $181,727 per unit, and the price per square foot is $256.45. The unit mix includes seven two-bedroom/one-bathroom units and four one-bedroom/one-bathroom units. Conveniently located between Manchester and Florence, Hoover and the 110 freeway, the property features carports in the front and rear. Currently, one unit is vacant, and the manager's unit is without a lease or management agreement, offering immediate flexibility for a new owner. Two additional units could potentially achieve market rents shortly after closing. Scheduled monthly rent is $16,000, while pro-forma rent is projected at $22,000 or more per month. This property is ideal for a first-time investor or an experienced owner looking to expand their portfolio. The property's location in Los Angeles County, with its APN 6032-023-007, offers strong potential for rental income growth. This is a rare opportunity, as the property has not been on the market for several decades.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
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CAP approach
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Comparable approach
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Alternative Use
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.286
- Latitude
- 33.9652
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$7,098
$283,080
$189,360
$472,440
-
$0.00
$0.00
$0.00
