1850 E 71st Street Los Angeles, CA ^$ 1,300,000

1850 E 71st Street

^$ 1,300,000

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Recently Listed

1850 E 71st Street

Los Angeles, CA, 90001

^$ 1,300,000

Bedrooms10 Baths6.0 Sq 2,300

Monthly Estimate*

^$ 8,640

Listed by Compass

1850 E 71st Street, Los Angeles, CA 90001 - Image 1

1850 E 71st Street, Los Angeles, CA 90001 - Image 2

1850 E 71st Street, Los Angeles, CA 90001 - Image 3

1850 E 71st Street, Los Angeles, CA 90001 - Image 4

1850 E 71st Street, Los Angeles, CA 90001 - Image 5

1850 E 71st Street, Los Angeles, CA 90001 - Image 6

Multi-Family Home for sale in Los Angeles, CA

for $1,300,000 with 10 bedrooms and 6 full baths. This 2,300 square foot home was built in 1923 on a lot size of 0.1297.

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.

Multi-Family Active

Price

^$ 1,300,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Bungalow

Lot Size

0.1297

Year Built

1923

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

24394601

Days on Market

Features

General

Zoning LCR4YY

Architectural Style Bungalow

Security Features GatedCommunity

Year Built 1923

View None

Stories 2

Levels Two

Gross Income 128844.0

Community Features Gated

County Los Angeles

Net Operating Income 83834.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Special Listing Conditions Standard

Status Active

Directions Located two blocks east of E. Florence Ave. and S. Alameda St the subject property is 0.5 miles from Plaza la Alameda.

City Los Angeles

View Y/N N

Senior Community Y/N N

Open Parking Spaces 2.0

NumberOfUnitsTotal 5

MLS Area C42 - Downtown L.A.

Lot Size Units SquareFeet

Lot Size Square Feet 5649.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name 71st

Property Attached Y/N N

Land Lease Y/N N

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N Y

Days on Market 10

Standard Status Active

Occupancy Type Tenant

Cap Rate 6.45

Exterior

Parking Features SideBySide Uncovered

Total Parking 2.0

Lot Size Area 5649.0

Number of Buildings 3

Spa N

Building Area Total 2300.0

Lot Size Acres 0.1297

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 2

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Full Baths 0

Half Baths 0

1/4 Baths 0

3/4 Baths 0

Street Suffix Street

Laundry Features CommonArea

Total Bedrooms 10

Electric On Property Y/N N

Total Baths 6

Internal Only

Street Number 1 1850

* Excluded Features

List By

Compass

Broker

(818) 321-4972

Phone

Affordability Calculator

$8,640

Per Month

Monthly Principal & Interest: $8,640
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Los Angeles, CA

Average List Price ^$1,987,900

Percent of Sale Price 53%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

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Pricing History

Date	Price	Price Change	Description
5/21/2024	$1,300,000		Listed Price

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1850 E 71st Street, Los Angeles, CA, 90001 is a Multi-Family Home for sale at $1,300,000 with 2,300 sqft and a lot size of 0.1297. 1850 E 71st Street has 10 bedrooms, 6.0 baths, and was built in 1923. The property's zip code is 90001 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 6/3/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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1850 E 71st Street

Multi-Family Home for sale in Los Angeles, CA

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