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Listed by Andres Diaz • KELLER WILLIAMS REALTY
$ 2,650,000
Est. payment /mo
Active
601 West 82nd Street Los Angeles, CA 90044
14,016 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 14,016 sqft
Price per Sqft $189
MLS Listing ID CV-25179030
Year Built 1963
Lot Size 0.427 Acres
Property Sub-Type Apartment
Property Description
601 W. 82nd Street is a 20-unit apartment building located at 601 W. 82nd Street in South Los Angeles. Situated on 18,603 square feet of land, the property consists of a one, two-story building boasting two (2) one-bedroom units and eighteen (18) two-bedroom units. The property was constructed in 1963 using wood frames and stucco construction. It has been under the same ownership group for the last forty (40) years. While the units have been kept in good condition over the years, there is an opportunity to untap 70% rental upside through turnover of the existing units and achieving market rents. The units are separately metered for gas and electricity, and the landlord pays for the water. The building requires the tuck-under parking to be retrofitted. The seller has not started the process.
Location
State CA
County Los Angeles
Area Metropolitan South
Zoning LAR3
Interior
Laundry Common Area
Exterior
Parking Features Gated
Pool None
Community Features Sidewalks
Building
Lot Description 0-1 Unit/Acre
Sewer Public Sewer
Nicole Van Parys & Gary Nesen
License Partners, Private Office Advisors | License ID: 01108944