Silva Babaian  Realtor, Real Estate Agent, Granada Hills, CA

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    1805 80th Street, Los Angeles, CA 90047
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    • MLS#: DW25045449 ( Apartment )
    • Street Address: 1805 80th Street
    • Viewed: 3
    • Price: $2,599,999
    • Price sqft: $0
    • Waterfront: No
    • Year Built: 1954
    • Bldg sqft: 0
    • Days On Market: 40
    • Additional Information
    • County: LOS ANGELES
    • City: Los Angeles
    • Zipcode: 90047
    • Provided by: Keller Williams SELA
    • Contact: Julio Julio
    • California Regional MLS IDX
    • DMCA Notice
    • Description
      Situated in a highly sought after neighborhood, this 11 unit property has 7 freshly remodeled units ready for occupancy which offers tremendous cashflow at a 9.7 CAP rate with upside potential for investors. The building consists of a mix of spacious studios, one and two bedroom units, all with updated features, including modern appliances, hardwood floors, and ample natural light. All two bedroom conversions were completed with permits, and additional permits are on hand to convert the remaining one bedroom units into two bedroom layoutsoffering significant upside potential. Ample parking on site. Laundry room on site as well. The building features two newly constructed ADUs, both of which will be delivered with Certificates of Occupancy at the close of escrow. Investors have the flexibility to lease at market rents immediately or customize tenant selection. With easy access to major freeways, public transit, and some of Los Angeles' best dining, entertainment, and shopping, this building is perfectly positioned to attract high quality tenants. The property offers great potential for increased rental income with strategic upgrades and renovations, making it an ideal addition to any real estate portfolio. Dont miss out on this incredible investmentcontact us today for more details or to schedule a private tour!
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    Features
    Building Area Total
    1. 6426.00
    Commoninterest
    1. Community Apartment
    Common Walls
    1. 2+ Common Walls
    Country
    1. US
    Electric Expense
    1. 8702.00
    Entry Location
    1. Front
    Fuel Expense
    1. 0.00
    Garage Spaces
    1. 0.00
    Gardner Expense
    1. 2400.00
    Insurance Expense
    1. 9963.00
    Laundry Features
    1. Individual Room
    Lot Features
    1. Corner Lot
    Netoperatingincome
    1. 252531.00
    Newtaxesexpense
    1. 32500.00
    Number Of Separate Electric Meters
    1. 11
    Number Of Separate Gas Meters
    1. 11
    Number Of Separate Water Meters
    1. 11
    Otherexpense
    1. 1173.00
    Otherexpensedescription
    1. City Fee
    Parcel Number
    1. 6035001008
    Pool Features
    1. None
    Professionalmanagementexpense
    1. 0.00
    Property Type
    1. Apartment
    Sewer
    1. Public Sewer
    Sourcesystemid
    1. CRM
    Sourcesystemkey
    1. 433242841:CRM
    Totalexpenses
    1. 60238.00
    Trash Expense
    1. 0.00
    Water Sewer Expense
    1. 0.00
    Water Source
    1. Public
    Year Built
    1. 1954
    Year Built Source
    1. Estimated
    Zoning
    1. LAC2
    Headshot for Associate Silva Babaian
    1. Silva Babaian / Realtor
    2. Coldwell Banker Exclusive
    3. CalBRE Lic # 01365805
    4. Mobile: 818.414.6744
    5. Fax: 818.338.5836