45
See all 45 photos
$2,495,000
Est. payment /mo
22 Beds
17 Baths
8,675 SqFt
Price Dropped by $200K
707 W 80th ST Los Angeles, CA 90044
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 8,675 sqft
Price per Sqft $287
MLS Listing ID 26716111
Bedrooms 22
HOA Y/N No
Year Built 2026
Lot Size 9,304 Sqft
Property Description
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.
Location
State CA
County Los Angeles
Area C36 - Metropolitan Southwest
Zoning LAR4
Interior
Heating Central
Cooling Central Air
Fireplace No
Exterior
Parking Features Attached Carport, Driveway
Total Parking Spaces 9
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 6032027008
Special Listing Condition Standard
Listed by Daniel Shamooelian Keller Williams Beverly Hills #01984269
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