Courtesy of: Daniel Shamooelian, Keller Williams Beverly Hills, daniel@dsrealestate.com
Courtesy of: Daniel Shamooelian, Keller Williams Beverly Hills, daniel@dsrealestate.com
$2,695,000
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22 bed
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8,675 square feet
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18.00 Bath (18 Full)
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Lot: 0.21 Acres
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Other
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$2,695,000
707 W 80th St MAJOR PRICE REDUCTION! NOW OFFERED AT $2, 495, 000! TRUE 9.4% CAP RATE! Exceptional opportunity to acquire a newly built, high-cash-flow multifamily asset currently master leased to a city-funded housing program, providing investors with strong in-place income and operational simplicity. The property consists of 4 units plus 1 ADU with an attractive unit mix of three 4-bedroom units and two 5-bedroom units, totaling 22 bedrooms. The asset is currently generating $26, 400 per month ($316, 800 annually) under the existing master lease, reflecting an attractive 7.8 GRM and 9.4% cap rate. The master tenant is responsible for all utilities and day-to-day occupancy-related expenses, providing reduced landlord responsibilities and strong cash flow. Zoned R3-1, the property offers flexibility for a variety of residential and structured housing uses. One unit is ADA compliant, enhancing accessibility and operational versatility. At the newly reduced price, the property is offered at approximately $287/SF, representing a compelling basis for newly constructed multifamily product and attractive value relative to replacement cost. Combining modern construction, strong in-place income, and a master lease structure, this asset offers investors a compelling combination of current yield and future flexibility. Conveniently located in South Los Angeles near Smart & Final, Chase Bank, McDonald's, Subway, major freeways, transportation corridors, and other neighborhood amenities. Contact listing agent for additional information regarding the master lease and investment opportunity.
Courtesy of: Daniel Shamooelian, Keller Williams Beverly Hills, daniel@dsrealestate.com
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