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1850 E 71st St

Florence-Graham CA 90001

10
6
2
2840 sq. ft.
5649 sq. ft.
Other
Currently for sale - view listing

Overview

*** 2nd price reduction - $175,000 reduction from original listed price *** 1850 E. 71st St is a 4-unit & ADU value-add property offered at a 7.20% CAP and 9.31 GRM on current rents. The property consists of (1) 3-bdrm. and 2-bath unit, (2) 2-bdrm. units, (1) 2-bdrm. ADU, 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 10.95% CAP and 6.73 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.

Features

10 bedrooms
6 bathrooms
2 carspaces
2 open car spaces
2840 sq. ft. floor area
5649 sq. ft. lot size
Other

Property history for 1850 E 71st St

2018
Sold
$617,000
12 Apr 2018 by Hector Laija

Happy sellers in Florence-Graham

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Local market activity for 10 bedroom other properties in Florence-Graham

In the last 12 months, 2 numeral.10-bedroom other properties similar to 1850 E 71st St, have been sold.

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