RealKey
‪(213) 433-7766‬

614 E 82nd Street, Los Angeles, California 90001, Los Angeles, 90001 - bed, bath

614 E 82nd Street, Los Angeles, California 90001 home-pic-0
ACTIVE$724,999
614 E 82nd Street, Los Angeles, California 90001
0Bed
0Bath
2,088Sqft
5,742Lot
Year Built
1929
Close
-
List price
$725K
Original List price
$725K
Price/Sqft
$347
HOA
-
Days on market
-
Sold On
-
MLS number
SB25142450
Home ConditionPoor
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $725.0K(64th), sqft - 2088(86th), beds - undefined(50th), baths - undefined(50th).

614 E 82nd St contains (4) 1-Bed/1-Bath BUNGALOW STYLE UNITS! Located in the heart of Los Angles, the property contains approximately 55% in Rental Upside. This asset is ideal for any savvy investor to unlock the income potential which stabilizes at a 9.01% Cap Rate & 8.39 GRM! Built in 1929, the subject property is a 4 unit apartment spread out over 2,088 Sq. Ft situated on a 5,742 Sq. Ft lot, 614 E 82nd St is a unique value-add opportunity in an extremely fast growing rental market of Los Angeles. Just minutes from the 110 fwy with easy access to USC, Downtown LA, Gilbert Lindsay Park, Exposition Park, Lucas Museum, Art's District, The Reef, BMO Stadium, LA Live and billions of dollars worth of development pouring into the neighborhood.

Condition Rating
Poor
Built in 1929, this property is nearly a century old and is explicitly marketed as a 'value-add opportunity' requiring 'capital investment' for renovations. The images confirm very dated interiors, particularly in the bathroom with older tiles and fixtures, and a basic, unmodernized kitchen area. The property analysis highlights 'older systems' likely needing 'significant capital investment for updates and ongoing maintenance.' This aligns with the 'poor' condition criteria, indicating substantial repairs and rehabilitation are needed to bring the property up to current standards.
Pros & Cons

Pros

Significant Rental Upside: The property offers approximately 55% in rental upside, presenting a substantial opportunity for increased income for an investor.
Strong Investment Metrics: Projected to stabilize at an attractive 9.01% Cap Rate and 8.39 GRM, indicating a high potential return on investment.
Prime Los Angeles Location: Situated in the heart of Los Angeles with excellent freeway access and close proximity to major attractions like USC, Downtown LA, Exposition Park, and LA Live, enhancing tenant demand.
Growing Rental Market: Located in an extremely fast-growing rental market with significant development pouring into the neighborhood, suggesting future appreciation and demand.
Value-Add Opportunity: Described as a unique value-add opportunity, allowing an investor to actively enhance the property's income potential and overall value through strategic improvements.

Cons

Historic Property Age: Built in 1929, the property is likely to have older systems (plumbing, electrical, roof) that may require significant capital investment for updates and ongoing maintenance.
Required Capital Investment: Achieving the stated rental upside and value-add potential will necessitate additional capital expenditure and effort for renovations and property improvements, as it is not a turn-key asset.
Limited Unit Configuration: All four units are 1-Bed/1-Bath, which may limit the tenant pool to singles or couples, potentially excluding families or those requiring more living space.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state