$1200000 Price Analysis 1850 E 71st StLos Angeles, CA 90001 10 bed 6 bath 2300 SqFt ($521/SqFt) 5649SqFt lot. Built 1923 Listed 2024-05-21, Taxes $9514 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
000 Price Reduction 1850 E. 71st St is a 4-unit and ADU value-add property offered at a 7.20% CAP and 9.31 GRM on current rents. The property consists of (1) 3-bdrm. and 2-bath unit, (2) 2-bdrm. units, (1) 2-bdrm. ADU and (1) 1-bdrm. unit that generate approx. $10, 737 in monthly gross income. 1850 E. 71st St. presents approx. 30% rental upside compared t o renovated units in the area.
The property will stabilize at a 10.24% CAP and 7.18 GRM by achieving market rents. Located north of Florence Ave, this value-add opportunity is located 0.5 miles from Plaza La Alameda, a community center (opened in 2008) that is home to 220, 000 SF of retail space and 18, 000 SF of office space. In addition, the property is located 1 mile east of Pacific Blvd, the commercial heart of Huntington Park. 1850 E. 71st Street can be purchased individually or as part of a 5-property South LA portfolio. Plase contact LA1 for more information.
Presented by Max Berger at
COMPASS.
Property MLS #24-394601 from TheMLSCLAW
Year | Assessments Building + Land Total | Tax |
---|---|---|
2022 | $350608 + $310937 $661545 | $9514 |
2021 | $343734 + $304841 $648575 | $9410 |
2020 | $340210 + $301716 $641926 | $9475 |
2019 | $333540 + $295800 $629340 | $9140 |
2018 | $185640 + $344760 $530400 | $7967 |
2017 | $96702 + $75617 $172319 | $3747 |
2016 | $94806 + $74135 $168941 | $3655 |
2015 | $93382 + $73022 $166404 | $3610 |
2014 | $91553 + $71592 $163145 | $3624 |
2013 | $91140 + $71269 $162409 | $3594 |
2012 | $89353 + $69872 $159225 | $3592 |
2010 | $87601 + $68502 $156103 | $3503 |
2009 | $87154 + $68153 $155307 | $3387 |
2009 | $86947 + $67991 $154938 | $3387 |
2008 | $85446 + $66817 $152263 | $3271 |
2007 | $83771 + $65507 $149278 | $3152 |
The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.