The subject property is a 7-unit apartment complex located in the South Los Angeles submarket. It consists of four 3-bedroom - 1 bath units, two 2-bedroom 1 bath units and two 1 bedroom 1 bath units. The complex was renovated in 2020, with new plumbing, electrical, roof, kitchens and bathrooms. The building is capable of producing over $19,000 when fully occupied. There are currently 3 vacancies, which can be rented out to Section 8 tenants for maximum value. There are plans and permits for an ADU which the Buyer can utilize to complete the project. At 7.8 GRM and 8.2% CAP, this is an excellent investment that will produce over 10% cash on cash return. Shown with accepted offer only. Please do not walk on property or disturb tenants.
Listing agent:
Jerome McAlpin
License #00939725
McAlpin & Company
520 82nd is a Residential Income property located in Los Angeles, California, featuring a 0.214 acre lot, 5,234 sqft, 17 bedrooms, MLS #25587227.