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

1850 East 71st Street

^$ 1,300,000

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1850 East 71st Street

Los Angeles, CA, 90001

^$ 1,300,000

Studio Baths0.0 Sq 2,300

Monthly Estimate*

^$ 8,640

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

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

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

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

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

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

Studio

Multi-Family Home for sale in Los Angeles, CA

for $1,300,000. This 2,300 square foot home was built in 1923 on a lot size of 0.13.

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

Studio

Property Type

Multi-Family

Taxes

^$ 0

Style

Bungalow

Lot Size

0.13

Year Built

1923

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

0024394601

Features

General

Zoning LCR4YY

Architectural Style Bungalow

Security Features Gated Community

Year Built 1923

Levels Two

County Los Angeles

Net Operating Income 83834.0

New Construction No

Property Type C

HOA / Comm Assn No

Status Active

City Los Angeles

Buyer Agent Compensation 2.00

View Y/N No

Senior Community Y/N No

MLS Area C42 - Downtown L.A.

Lot Size Square Feet 5649.0

Street Name 71st

Standard Status Active

Buyer Agent Compensation Type %

Exterior

Parking Features Uncovered Side by Side

Water Source None

Lot Size Area 5649.0

Building Area Total 2300.0

Lot Size Acres 0.13

Lot Size Units Square Feet

Land Lease Type Fee

Interior

Total Stories 2

Street Suffix Street

Laundry Features Community

Total Baths 0

* Excluded Features

List By

Max Berger

Listing Agent

Compass

Broker

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 ^$1,994,730

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.

793437 Elementary School

793428 Middle School

Unknown High School High School

See complete school information

Pricing History

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

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1850 East 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 0.13. 1850 East 71st Street is a studio with 0.0 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 Desert Association of Realtors.

Based on information from the California Desert Association of REALTORS® as of 5/29/2024. 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.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the California Desert Association of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistributed. Its sole purpose is to be used to identify prospective properties consumers may be interested in purchasing.

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1850 East 71st Street

Multi-Family Home for sale in Los Angeles, CA

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