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Josh Canova

Engel & Völkers

josh.canova@evrealestate.com +1(858) 361-7010

$ 1,750,000

Est. payment -/mo

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Active

538 W 82nd ST Los Angeles, CA 90044

9,317 Sqft Lot

UPDATED:

01/28/2025 10:32 PM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB25020176

HOA Y/N No

Year Built 1962

Lot Size 9,317 Sqft

Property Sub-Type Apartment

Property 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.

Location

State CA

County Los Angeles

Area 699 - Not Defined

Zoning LAR3

Interior

Fireplace No

Laundry None

Exterior

Parking Features Assigned

Carport Spaces 4

Pool None

Community Features Sidewalks

Total Parking Spaces 9

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 6032021020

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Special Listing Condition Standard

Listed by Vincent Cook • Kidder Mathews of California, Inc • 310-405-3654

Josh Canova

Advisor | License ID: C135485

+1(858) 361-7010

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