We are proud to present 250 E 81st St, a 6-unit mixed-use property in Los Angeles, offered at an 7.28% CAP and 8.54 GRM on current rents, with upside potential to achieve an 11.05% CAP and 6.35 GRM upon stabilization. Located just north of Manchester Ave and west of San… Read More Pedro St, in close proximity to John C. Fremont High School, this property offers excellent access with close proximity to the 110 Freeway, multiple Metro stations, and easy access to Downtown Los Angeles, Hyde Park, and Crenshaw. The property is comprised of two separate structures a single-story front structure with two commercial units and a two-story rear building with four residential units offering a total of 3,884 rentable square feet. Built in 1928 and 1941 respectively, the property sits on a 5,178 SF LAR3-zoned corner lot with street access on both sides. The unit mix features two commercial units with frontage on San Pedro Street, as well as one two-bedroom two-bathroom unit and three one-bedroom units. The two-bedroom unit and both commercial units will be delivered VACANT at closing, presenting an immediate opportunity for stabilization at market rents. Contact listing broker for additional information. Read Less
Property listed by Kidder Mathews of California, Inc., Casey Lins 858-369-3010
Listing Snapshot
Days Online
25
Last Updated
Property Type
Other
Beds
5
Square Ft.
3,884
Lot Size
0.12 Acres
Year Built
1941
MLS Number
25547765
30 Days Snapshot Of 90003
$531k
-8%
(avg) sold price
10
+100%
homes sold
65
+10%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1941, Building area total: 3,884, Levels: MultiSplit, Living area: 3884, 2 buildings
Cooling
None
Income
Gross income: $102,409, Net operating income: $63,724
Lot
0.1189 acres, 5,178 square feet, Size: 5,178
Parking
3 totals parking, Driveway
Property
Zoning: LAR3
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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