1530 W 81st St
Valuation
$850,000
Valuation
$850,000
Key Specifications
Total Units
3
multifamily
Year Built
1913
Heritage Asset
Interior
2,852 SF
$298 / SF
Lot Area
7,076 SF
Unit Mix
multifamily
2x 3-Bed/1-Bath, 1x 1-Bed/1-Bath
Investment Highlights
Property Overview
1530 W 81st St presents a rare 3-unit multifamily investment opportunity in Los Angeles, CA. This property offers significant vacancy flexibility, making it ideal for both owner-users and investors seeking upside potential. The front 1-bedroom/1-bath unit is currently used as an Airbnb and will be delivered vacant in March, while a second 3-bedroom unit can also be delivered vacant depending on offer terms, allowing for major owner-user or repositioning strategies. The property features a strong unit mix consisting of two 3-bedroom/1-bath units and one 1-bedroom/1-bath unit. It boasts current income in place, on-site parking with 4 spaces, and a clear path to improve cash flow from day one. Built in 1913, the property spans 2,852 square feet on a 7,076 square foot lot. With a list price of $850,000, this asset offers a compelling setup for those looking for a small multifamily property with real upside in terms of income, vacancy, flexibility, and control. The investment highlights include a substantial 28.79% rental upside to pro forma rents, making it an attractive value-add opportunity in the Los Angeles market.
Interested in this property?
Request the complete offering memorandum with financials and private property details.