1850 71st Street, Los Angeles
Los Angeles Home For Sale
*** $100,000 Price Reduction *** 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 10.24% CAP and 7.18 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.
Property Details
Additional Information
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- City:
- Los Angeles
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- County:
- Los Angeles
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- Zip:
- 90001
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- MLS® #:
- 24394601
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- Bedrooms:
- 6
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- Bathrooms:
- 4
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- Square Ft:
- 2,300
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- Lot Size:
- 0.13
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- Levels:
- Two
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- HOA Dues:
- $
Price Change History for 1850 71st Street, Los Angeles, (MLS® #24394601)
| Date | Details | Price | Change |
|---|---|---|---|
| Price Reduced (from $1,300,000) | $1,200,000 | $100,000 (7.69%) |
Based on information from California Regional Multiple Listing Service, Inc. as of July 3rd, 2024 at 5:20pm PDT. 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.