1850 E 71st Street
Los Angeles, CA 90001
- – beds
- – baths
- – sqft
- 5,649 sqft lot
- 1923 build
- – on site
1850 E. 71st St is a 5-unit value-add property offered at a 6.45% CAP and 10.09 GRM on current rents. The property consists of (1) 3-bdrm. and 2-bath unit, (3) 2-bdrm. units and (1) 1-bdrm. unit that generate approx. $10,737 in monthly gross income. 1850 E. 71st St. presents approx. 30% rental upside compared to renovated units in the area. The property will stabilize at a 9.26% CAP and 7.78 GRM by achieving market rents. Located just north of Florence Ave, this value-add opportunity is located 0.5 miles from Plaza La Alameda, a community center (opened in 2008) that is home to 220,000 SF of retail space and 18,000 Sf of office space. In addition, the property is located 1 mile east of Pacific Blvd, the commercial heart of Huntington Park. 1850 E. 71st Street can be purchased individually or as part of a 5-property South LA portfolio. Please contact LA1 for more information.
Listed By CRMLS_CA / Max Berger / Compass
Last checked:
Checking…
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Last updated Jun 1, 2024
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MLS# 24394601 —
The Building
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Year Built:1923
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New Construction:No
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Architectural Style:Bungalow
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Building Area Total:2300.00
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# of Buildings:3
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Total Number Of Units:5
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Stories Total:2
Interior
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Levels:Two
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Laundry:Community
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Laundry:1
Location
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Directions:Located two blocks east of E. Florence Ave. and S. Alameda St, the subject property is 0.5 miles from Plaza la Alameda.
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Latitude:33.97528100
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Longitude:-118.23929700
The Property
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Property Type:Residential Income
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Zoning:LCR4YY
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Lot Size Area:5649.0000
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Lot Size Acres:0.1297
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Lot Size SqFt:5649.00
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View:None
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Security Features:Gated Community
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Buyer's Brokerage Compensation:2.000%
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Special Listing Conditions:Standard
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Buyer's Brokerage Compensation:$2
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Parcel Number:6009029002
Appliances
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Included:Yes
The Community
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Senior Community:No
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Association:No
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Assessments:No
Parking
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Parking:Yes
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Parking:Uncovered, Side by Side
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Parking Spaces:2.00
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Uncovered Spaces:2.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
5/21/24
May 21, 2024
|
Listed / Active | CRMLS_CA | $1,300,000 | 110.7% (18.1% / YR) |
4/13/18
Apr 13, 2018
|
CRMLS_CA | $617,000 |