1408 West 80th Street

Los Angeles, CA 90047

$1,100,000
Last Sold Price
11
Beds
6
Baths
4,669 Sq. Ft.
$236 / Sq. Ft.
4,669
Sq. Ft.
$236
per Sq. Ft.

Description

1408 West 80th Street is a 6-unit property in South Los Angeles, operating at a 5.06% current CAP and offering investors approx. 40% rental upside. Located just east of Western Ave, the subject property features (5) two-bedroom units and (1) one-bedroom unit that generate approx. $ 9,150+ in gross monthly income. Please note (2) two-bedroom units will be delivered VACANT upon COE, and there are currently four section-8 tenants (please contact listing agent for more info). A future investor could...1408 West 80th Street is a 6-unit property in South Los Angeles, operating at a 5.06% current CAP and offering investors approx. 40% rental upside. Located just east of Western Ave, the subject property features (5) two-bedroom units and (1) one-bedroom unit that generate approx. $ 9,150+ in gross monthly income. Please note (2) two-bedroom units will be delivered VACANT upon COE, and there are currently four section-8 tenants (please contact listing agent for more info). A future investor could achieve approx. based on market rents for renovated units in the area. $12,750+ in projected monthly income (40% rental upside) and operate the property at a 8.05% pro-forma CAP. Additionally, the property sits on a 6,676 SF lot with ample surface parking spots and a community laundry room.

Listing Agent

  1. Max Berger

    Max Berger

    Listing Agent

    Compass

    DRE #02054048

    max.berger@compass.com

    P: 818.321.4972

Property Details for 1408 West 80th Street

Zoning
LARD3
Cross Streets
S. Normandie Avenue & West 80th Street
Parcel Number
6034005011
Total Units
6.0
Living Area
4669
Source Living Area
Vendor Enhanced
Area
Metropolitan Southwest (C36)
Vacancy Rate
2 units

Location

Listing Courtesy of Compass, Max Berger, DRE #02054048

Sold By Compass, Max Berger, DRE #02054048

Add your commute
LISTING UPDATED: 08/25/2023 03:08 PM

Property Details for 1408 West 80th Street

StatusSold
MLS #23-266773
Days on Market54
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1963
Lot Size0.15 AC / 6,676 SF
CountyLos Angeles County

Location

Listing Courtesy of Compass, Max Berger, DRE #02054048

Sold By Compass, Max Berger, DRE #02054048

Add your commute

Virtual Tour

Building Information for 1408 West 80th Street

Stories2Residences-Year Built1963Building Size-Lot Size0.15 AC / 6,676 SF

Payment Calculator

$6,211 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,003

Property Taxes

$208

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1408 West 80th Street

Community / Development
Community / Development
  • Number Of Units: 6
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartments
  • Security Features: None
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $107,216
  • Net Operating Income: $70,748.00
  • Gross Income: $110,532
  • Cap Rate: 5.06%
  • Gross Rent Multiplier: $12.66
  • Financial Info as Of: 05/30/2023
  • Vacancy Allow Percent: 2.50%
  • Total Annual Expense: 36468
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1533
  • Lot Size Square Feet: 6676
Parking Details
Parking Details
  • Parking Garage: Side By Side, Uncovered
  • Total Parking: 6
  • Open Other Spaces Total: 6
  • Parking Features: Side by Side, Uncovered
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Other
  • Common Walls: Attached
  • Laundry: Community
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-03-2023
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,622.00
  • Unit Actual Rent: $8,108.00
  • Unit Projected Rent: $11,000.00
  • Like Units: 5
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,043.00
  • Unit Actual Rent: $1,043.00
  • Unit Projected Rent: $1,750.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107

Property History for 1408 West 80th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1408 West 80th Street

Taxable ValueLand$28,244Additions$93,368Total$121,612
Tax Record2023$2,497 ($208 / month)
Home Facts
Total Finished SqFt4,669 SqFtAbove Grade Finished SqFt4,669 SqFtLot Size6,676 SqFtStyleMulti-Family Res (5+ Units)Year Built1963ZoningLARD3CountyLOS ANGELESAPN6034-005-011

Schools near 1408 West 80th Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Charter - 6 to 8
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
La Salle Avenue Elementary School
PublicK to 5

Vox Collegiate of Los Angeles
Charter6 to 8

George Washington Preparatory High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Max Berger, DRE #02054048

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.