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716 W 81St St, Los Angeles, CA 90044
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716 W 81St St Los Angeles, CA 90044

$1,999,000
  • 18 Beds
  • 11 Baths
  • 7,795 Sq.Ft.
For Sale
$1,999,000 Get Pre-Qualified
Map preview of 716 W 81St St, Los Angeles, CA 90044

Property Overview: 716 W 81St St Los Angeles, CA has 18 bedrooms, 11 bathrooms, 7,795 living square feet and 9,309 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: First time on market in a several decades...Bread-and-butter deal for a 1st-time Investor or a local owner wanting to add to his portfolio. Seven 2 Bed/1 Bath units and four 1 Bed/1 Bath units. Carports in the front and rear. A value-add opportunity from day one - one unit will be delivered vacant, one tenant in eviction and the manager's unit (currently free rent) has no lease or written management agreement, in place, affording a new Buyer some immediate flexibility and upside. All 3 units could, potentially, be at market soon after COE. Scheduled rents of $16K/month. Proforma rents of $22K+/month.6.4% cap scheduled. 9.4% cap proforma. Between Manchester and Florence, Hoover and the 110.

Listed by Brice Head | BRE #01330706 | CBRE, Inc.
Last checked: 7 minutes ago | Last updated: June 14th, 2024 | Source CRMLS | DOM: 26
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Home details

Lot Sq. Ft
9,309
HOA Dues
$0/mo
Year built
1960
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24403972
City
Los Angeles
County
Los Angeles
Time on Site
12 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 11
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 7
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,566
  • Total Rent: $10,964
  • Pro Forma/Market Rent: $15,400
Unit Breakdown 2
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,413
  • Total Rent: $5,654
  • Pro Forma/Market Rent: $6,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6.44%
  • Gross Rent Multiplier: 10.02
  • Gross Scheduled Income: --
  • Net Operating Income: $193,445
  • Gross Operating Income: $199,428
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 716 W 81St St

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
  • Refrigerator
Interior Features
  • Ceiling Fan(s)
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Attached Carport
Property Information
  • Total # of Units: 11
  • Parcel Number: 6032023007
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: W 81st St. & S Hoover St.
View more facts & features

Local Los Angeles Agent

Sale History for 716 W 81St St

Last sold on October 5th, 2000

  • May, 2024

  • May 31, 2024

    Date

    Active

    CRMLS: 24403972

    $1,999,000

    Price

  • October, 2000

  • Oct 5, 2000

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • April, 1986

  • Apr 29, 1986

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 716 W 81St St

Assessed Value (2020): $440,630
Year Land Value Improved Value Assessed Value
2020 $264,019 $176,611 $440,630

Home Value Compared to the Market

This property vs the competition

716 W 81St St is listed 60.05% higher than the median list price for the city of Los Angeles which has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $778 and this home is listed at $256.45 per/sqft which puts the price per square foot 67.04% lower than the median price per square foot for the city of Los Angeles.

About 716 W 81St St

Detailed summary of property

716 W 81St St is a multi family located in Los Angeles, CA 90044 and is currently for sale. This multi family property offers 18 bedrooms, 11 bathrooms, roughly 7,795 living square feet, and sits on an approximately 9,309 square foot lot. 716 W 81St St was first listed on ArdentRealEstateGroup.com on June 14, 2024. The homeowner is currently asking $1,999,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $778. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 60.05% higher than the median priced home. Local competing homes currently for sale include 240 E 60th St, 241 W 105th St and 831 E E 83rd St. While the average home in Los Angeles, CA is selling in 98 days, 716 W 81St St has a days on market of 26 days. There are currently 4006 homes for sale in the Los Angeles real estate market and 2700 of them are single family homes while 1190 of them are condos and 109 are townhomes. For more information on this home for sale at 716 W 81St St Los Angeles, CA 90044 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 716 W 81St St

Public county record property details
Beds
18
Baths
11
Year built
1960
Sq. Ft.
7,795
Lot Size
9,306
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
182
APN
6032-023-007

The source for these homes facts are from public records.

90044 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$670,000
Median List Price/Sq.Ft.
$521
Median Sold Price
$680,000
Median Sold Price/Sq.Ft.
$513
Total Inventory
85
Median Sale to List Price %
104.62%
Avg Days on Market
30
Loan Type
Conventional (12.5%), FHA (41.67%), VA (0%), Cash (16.67%), Other (4.17%)

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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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