18
See all 18 photos
$1,750,000
Est. payment /mo
9,319 Sqft Lot
Active
538 W 82nd ST Los Angeles, CA 90044
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UPDATED:
02/04/2025 08:08 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB25020176
Originating Board California Regional MLS
Year Built 1962
Lot Size 9,319 Sqft
Property Description
We are pleased to present 538 W 82nd St, a 9-unit property located in the heart of Los Angeles with 5 VACANT UNITS. Operating at a 7.11% CAP and an 9.18 GRM on current rents (with the vacant units re-rented at market rates) with potential upside to a 11.36% CAP and a 6.31 GRM on pro-forma rents, this building provides a buyer with the ability to achieve a high-cash flow. The property consists of two-story building constructed in 1962 with a strong unit mix of 7 two-bedroom units and 2 one-bedroom units, with three 2-bedroom units and 2 1-bedroom units delivered VACANT and rent ready. The property also features 9 onsite parking spaces with (4) carport spaces, providing potential for an ADU(s) conversion, as well as 5 uncovered spaces in the rear. This opportunity offers easy freeway access as it is situated just west and in close proximity to 110 Freeway as well as Popeyes, Tam's Burgers #34, Jack in the Box, Tacos El Guero #1, Domino's Pizza, KFC, McDonald's, Subway and a number of other tenant amenities and conveniences.
Location
State CA
County Los Angeles
Area 699 - Not Defined
Interior
Laundry None
Exterior
Parking Features Assigned Spaces
Garage Spaces 9.0
Pool None
Building
Water District - Public
Others
Tax ID 6032021020
Special Listing Condition Not Applicable
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Listed by Vincent Cook • Kidder Mathews of California, Inc