1408 West 80th Street
1408 West 80th Street
$1,100,000
11
6
4,669
4,669
$236
Sold 8/25/23
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
Property Details for 1408 West 80th Street
Zoning
LARD3
Cross StreetsS. Normandie Avenue & West 80th Street
Parcel Number6034005011
Total Units6.0
Living Area4669
Source Living AreaVendor Enhanced
AreaMetropolitan Southwest (C36)
Vacancy Rate2 units
Location
LISTING UPDATED: 08/25/2023 03:08 PM
Property Details for 1408 West 80th Street
Status | Sold |
---|---|
MLS # | 23-266773 |
Days on Market | 54 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1963 |
Lot Size | 0.15 AC / 6,676 SF |
County | Los Angeles County |
Location
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
The Payment Calculator is for illustrative purposes only.
Property Information for 1408 West 80th Street
Property History for 1408 West 80th Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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 | ||
Alliance Piera Barbaglia Shaheen Health Services Academy Charter9 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.
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