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1408 W 80Th St, Los Angeles, CA 90047
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1408 W 80Th St Los Angeles, CA 90047

$1,100,000 Sold Price as of 08/25/2023
  • 11 Beds
  • 6 Baths
  • 4,669 Sq.Ft.
Sold
$1,100,000 Sold Price as of 08/25/2023 Refinance Your Mortgage
Map preview of 1408 W 80Th St, Los Angeles, CA 90047

Property Overview: 1408 W 80Th St Los Angeles, CA has 11 bedrooms, 6 bathrooms, 4,669 living square feet and 6,676 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 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.

Listed by Max Berger | BRE #02054048 | Compass
Last checked: 2 minutes ago | Last updated: August 26th, 2023 | Source CRMLS | DOM: 54

Home details

Lot Sq. Ft
6,676
HOA Dues
$0/mo
Year built
1963
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
23266773
City
Los Angeles
County
Los Angeles
Time on Site
472 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 5
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,622
  • Total Rent: $8,108
  • Pro Forma/Market Rent: $11,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,043
  • Total Rent: $1,043
  • Pro Forma/Market Rent: $1,750
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.06%
  • Gross Rent Multiplier: 12.66
  • Gross Scheduled Income: --
  • Net Operating Income: $70,748
  • Gross Operating Income: $107,216
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1408 W 80Th St

Interior Features
Laundry Information
  • Has Laundry
  • Community
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Side by Side, Uncovered
Property Information
  • Total # of Units: 6
  • Parcel Number: 6034005011
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: The subject property is just east of Normandie Avenue and north of W. Manchester Avenue.
View more facts & features

Local Los Angeles Agent

Sale History for 1408 W 80Th St

Last sold for $1,100,000 on August 25th, 2023

  • August, 2023

  • Aug 25, 2023

    Date

    Sold

    CRMLS: 23266773

    $1,100,000

    Price

  • May 3, 2023

    Date

    Active

    CRMLS: 23266773

    $1,450,000

    Price

  • February, 2023

  • Feb 26, 2023

    Date

    Expired

    CRMLS: 22221467

    $1,450,000

    Price

  • Dec 2, 2022

    Date

    Active

    CRMLS: 22221467

    $1,450,000

    Price

  • Listing provided courtesy of CRMLS

    We are pleased to present, as exclusive advisor, 1408 West 80th Street, a 6-unit investment property in Los Angeles, California. The property is located between Florence and Manchester just off Normandie Avenue. This area is a solid majority-renter market with low vacancy rates. 1408 West 80th Street consists of five 2 bedroom 1 bathroom units and one 1 bedroom 1 bathroom unit. All of the units are separately metered for gas and electricity. The property also offers a mix of surface and covered parking spaces. This offering presents a great opportunity for an investor to acquire an asset with steady cash flow in a strong rental market and capture potential upside in rents.

  • September, 2022

  • Sep 10, 2022

    Date

    Expired

    CRMLS: 22165999

    $1,625,000

    Price

  • Jun 8, 2022

    Date

    Active

    CRMLS: 22165999

    $1,625,000

    Price

  • Listing provided courtesy of CRMLS

    AMAZING INVESTMENT OPPORTUNITY!! Six unit multi- family property with 2 VACANCIES. Features 6 units - 5 (2 bed, 1 bath), 1 (1 bed, 1 bath). Low maintenance building conviniently located minutes away from major freeways and shopping centers.

  • July, 2021

  • Jul 25, 2021

    Date

    Price Change

    CRMLS: 21700690

    $1,690,000

    Price

  • Mar 5, 2021

    Date

    Active

    CRMLS: 21700690

    $1,700,000

    Price

  • Mar 4, 2021

    Date

    Coming Soon

    CRMLS: 21700690

    $1,700,000

    Price

  • Listing provided courtesy of CRMLS

    Corcoran Global Living, is excited to offer 1408 W 80th Street. This spacious two story multi-family property on the hill. Property consist of six units (1) one bedroom and one bath and (5) two bedrooms and one bath. There is definitely income growth potential with future rents. There is a laundry room on site with hookups for additional revenue. This property should be in your portfolio. City of Inglewood revitalization program is just minutes away offering entertainment, Sofi Stadium home of the Rams and Chargers, the Forum, plus many well known franchise restaurants and shopping at Costco all within 2 mi radius. LAX international Airport within 10 mi. radius.

  • October, 2020

  • Oct 1, 2020

    Date

    Expired

    CRMLS: 19515604

    $1,700,000

    Price

  • Oct 1, 2019

    Date

    Active

    CRMLS: 19515604

    $1,700,000

    Price

  • Listing provided courtesy of CRMLS

    Exclusive Realty, Inc. is excited to offer 1408 West 80th St. This spacious two story multi-family property on the hill, consists of six units (1) one bedroom one bath and (5) two bedrooms and one bath.There is definitely income growth opportunity with future rents. There is a laundry room on site that has hookups. This property should be in your portfolio. City of Inglewood revitalization program is just minutes away offering entertainment Sofi Stadium home of the Rams & Chargers, the Forum plus many well known franchise restaurants and shopping at Costco all within 2mi radius also LAX within 10mi

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Tax History for 1408 W 80Th St

Assessed Value (2020): $115,698
Year Land Value Improved Value Assessed Value
2020 $26,871 $88,827 $115,698

Home Value Compared to the Market

This property vs the competition

1408 W 80Th St sold on August 25, 2023 for 24.91% higher than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $299.64 per/sqft which puts the price per square foot 58.61% lower than the current median sale per square foot for the city of Los Angeles.

About 1408 W 80Th St

Detailed summary of property

1408 W 80Th St is a multi family that recently sold in Los Angeles, CA 90047. This multi family property offered 11 bedrooms, 6 bathrooms, roughly 4,669 living square feet, and sits on an approximately 6,676 square foot lot. 1408 W 80Th St was first listed on ArdentRealEstateGroup.com on June 5, 2023. The homeowner sold the property for $1,100,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 24.91% higher than the current median priced home. Local homes that are currently for sale include 6143 S Hobart Blvd, 927 W Gage Ave and 430 W 80th St. While the average home in Los Angeles, CA is selling in 106 days, 1408 W 80Th St has a days on market of 54 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 1408 W 80Th St Los Angeles, CA 90047 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1408 W 80Th St

Public county record property details
Beds
11
Baths
6
Year built
1963
Sq. Ft.
4,669
Lot Size
6,676
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
146
APN
6034-005-011

The source for these homes facts are from public records.

90047 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$750,000
Median List Price/Sq.Ft.
$564
Median Sold Price
$795,000
Median Sold Price/Sq.Ft.
$561
Total Inventory
101
Median Sale to List Price %
99.39%
Avg Days on Market
43
Loan Type
Conventional (37.5%), FHA (45.83%), VA (0%), Cash (8.33%), Other (4.17%)

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Recently Sold Homes Near 1408 W 80Th St

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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