Property Detail

Description

612 E 82nd St contains (4) 1-Bed/1-Bath BUNGALOW STYLE UNITS! Located in the heart of Los Angles, the property contains approximately 55% in Rental Upside. This asset is ideal for any savvy investor to unlock the income potential which stabilizes at a 9.01% Cap Rate & 8.39 GRM! Built in 1929, the subject property is a 4 unit apartment spread out over 2,088 Sq. Ft situated on a 5,742 Sq. Ft lot, 614 E 82nd St is a unique value-add opportunity in an extremely fast growing rental market of Los Angeles. Just minutes from the 110 fwy with easy access to USC, Downtown LA, Gilbert Lindsay Park, Exposition Park, Lucas Museum, Art's District, The Reef, BMO Stadium, LA Live and billions of dollars worth of development pouring into the neighborhood.