$ 2,495,000
-
$2,495,000
Price -
22
Bed -
17
Bath -
8,675
SqFt -
0.21
Acre
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About the Listing CLW-X74054 - CLW-C126012
MAJOR PRICE REDUCTION! NOW OFFERED AT $2,495,000! TRUE 9.4% CAP RATE! Exceptional opportunity to acquire a newly built, high-cash-flow multifamily asset currently master leased to a city-funded housing program, providing investors with strong in-place income and operational simplicity. The property consists of 4 units plus 1 ADU with an attractive unit mix of three 4-bedroom units and two 5-bedroom units, totaling 22 bedrooms. The asset is currently generating $26,400 per month ($316,800 annually) under the existing master lease, reflecting an attractive 7.8 GRM and 9.4% cap rate. The master tenant is responsible for all utilities and day-to-day occupancy-related expenses, providing reduced landlord responsibilities and strong cash flow. Zoned R3-1, the property offers flexibility for a variety of residential and structured housing uses. One unit is ADA compliant, enhancing accessibility and operational versatility. At the newly reduced price, the property is offered at approximately $287/SF, representing a compelling basis for newly constructed multifamily product and attractive value relative to replacement cost. Combining modern construction, strong in-place income, and a master lease structure, this asset offers investors a compelling combination of current yield and future flexibility. Conveniently located in South Los Angeles near Smart & Final, Chase Bank, McDonald's, Subway, major freeways, transportation corridors, and other neighborhood amenities. Contact listing agent for additional information regarding the master lease and investment opportunity.
Listing Highlights for 707 W 80th St
Interior Details
- Bedrooms: 22
- Bathrooms: 17 Full
- Appliances:
- Air Cond: Central Air
- Heating: Central
- Fireplaces:
- Floor:
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 9
- Lot Dimensions: 50x186
- Zoning: LAR4
- Roof:
- Others: 2+ Total Units,Has ADU
- Sewer:
- Parking Features: Attached Carport,Driveway
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 6032027008
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Listing Location
Questions About..
707 W 80th St Los Angeles, CA 90044
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