1439 W 85th St, Los Angeles, Los Angeles County, CA, 90047 Los Angeles CA US
Property Details
2
2
Manchester Square
MultiFamily
Description
*** Can be purchased individually or a part of a 48-unit portfolio, contact LA1 for more information ** 1439 W. 85th Street is a 7-unit value-add property in South Los Angeles operating at a 5.39% current CAP and offers investors approx. 50% upside in rents . Located near the intersection of S. Normandie Ave and Manchester Ave, the subject property is comprised of (1) three-bdrm. and one-bath unit, (2) two-bdrm. and one-bath units and (4) one-bdrm. units that generate approx. $9,600+ in gross monthly income. Based on market rents on renovated units in the area, we believe a future investor could achieve approx. $14,400+ in gross monthly income and operate the building at a 9.41% pro-forma CAP. The property amenities include on-site parking and a community laundry room. Find out more about this property. Request details here
Location
Address
1439 W 85th St, Los Angeles, California 90047, United States
City
Los Angeles
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