538 W 82Nd Street

Description

We are pleased to present 538 W 82nd St, a 9-unit property located in the heart of Los Angeles with 5 VACANT UNITS. Operating at a 7.11% CAP and an 9.18 GRM on current rents (with the vacant units re-rented at market rates) with potential upside to a 11.36% CAP and a 6.31 GRM on pro-forma rents, this building provides a buyer with the ability to achieve a high-cash flow. The property consists of two-story building constructed in 1962 with a strong unit mix of 7 two-bedroom units and 2 one-bedroom units, with three 2-bedroom units and 2 1-bedroom units delivered VACANT and rent ready. The property also features 9 onsite parking spaces with (4) carport spaces, providing potential for an ADU(s) conversion, as well as 5 uncovered spaces in the rear. This opportunity offers easy freeway access as it is situated just west and in close proximity to 110 Freeway as well as Popeyes, Tam’s Burgers #34, Jack in the Box, Tacos El Guero #1, Domino’s Pizza, KFC, McDonald’s, Subway and a number of other tenant amenities and conveniences.

Listing information courtesy of: Vincent Cook, Kidder Mathews of California, Inc 213-225-7222. *Based on information from the Association of REALTORS/Multiple Listing as of 02/12/2025 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.