Courtesy of: Sean Rosenzweig 01406343 | | Marcus & Millichap
Days On Market: 47
Square Footage: 8,040 Sq ft
Address: 702 W 81ST ST
County: Los Angeles
City: Los Angeles
Neighborhood: Metropolitan Southwest
We are pleased to present the opportunity to acquire two 11-unit multifamily communities located at 702 West 81st Street and 626 West 81st Street that can be sold together or separate. The subject properties are walking distance to multiple transit options, facilitating residents the ability to travel throughout Los Angeles and provides convenient access to daily errands and retail options. Positioned just four miles from the University of Southern California and 3.7 miles from the Forum and the SoFi Stadium, 626 and 702 West 81st Street are located south of Florence Avenue and East of Vermont Avenue near the 110 freeway. Built in 1965, 626 West 81st Street consists of seven two-bedroom units and four one-bedroom units and offers eight parking spaces. Two units will be delivered vacant, providing investors an immediate value-add opportunity. Built in 1961, 702 West 81st Street also consists of seven two-bedroom units and four one-bedroom units and offers eight parking spaces. Investors will have the opportunity to acquire a value-add investment with 90% upside through unit renovations.
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