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1850 E 71st St, Los Angeles, CA 90001
$1,300,000Just Listed
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- Multi-Family
- 10 Total Beds
- Updated 13 hours ago
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1850 E 71st St, Los Angeles, CA 90001View this property at 1850 E 71st St, Los Angeles, CA 90001
1850 E 71st StLos AngelesCA90001
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Property Description
1850 E. 71st St is a 5-unit value-add property offered at a 6.45% CAP and 10.09 GRM on current rents. The property consists of (1) 3-bdrm. and 2-bath unit, (3) 2-bdrm. units and (1) 1-bdrm. unit that generate approx. $10,737 in monthly gross income. 1850 E. 71st St. presents approx. 30% rental upside compared to renovated units in the area. The property will stabilize at a 9.26% CAP and 7.78 GRM by achieving market rents. Located just 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. Please contact LA1 for more information.
Full Property Details
Full Property Detailsfor 1850 E 71st St
General
- Price: $1,300,000
- Status: Active
- Type: Multi-Family
- MLS ID: 24-394601
- Updated: 5/21/2024
- Added to Site: 1 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 6
Bedrooms
- Total Bedrooms: 10
Other Rooms
- Laundry: Community
Additional Information
- Security/Safety: Gated
- Other Features: None
Parking
- Garage Description: Uncovered, Side By Side
Location
- Area: Downtown L.A.
- County: Los Angeles
- Cross Streets: E. Florence Ave. & Wilson Ave.
- Driving Directions: Located two blocks east of E. Florence Ave. and S. Alameda St, the subject property is 0.5 miles from Plaza la Alameda.
Heating & Cooling
- Cooling Type: Window Unit(s)
- Heating Type: Other
Structural Information
- # Buildings: 3
- Architectural Style: Bungalow
- Common Walls: Attached
- Stories/Levels: 2
- Square Feet: 2,300
- Sq. Ft. Source: Vendor Enhanced
- Year Built: 1923
- Year Built Source: Vendor Enhanced
Unit Information
- Units in Complex: 5
- Unit Type: 2106, 2107, 2108
Unit 1
- Total Bathrooms: 2
- Bedrooms: 3
Unit 2
- Total Bathrooms: 1
- Bedrooms: 2
Unit 3
- Total Bathrooms: 1
- Bedrooms: 1
Additional Structures
- Other Structures: None
Lot Features
- Lot Size: 5649
- Lot Size Source: Vendor Enhanced
- Zoning: LCR4YY
Financial Considerations
- Price Per Sq. Ft.: $565.22
- Assessment Year: 1923
Disclosures and Reports
- Disclosures/Reports: As Is
- APN: 6009-029-002
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Listed by Compass, Max Berger
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— 1850 E 71st St —
Max Berger
Compass
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NMLS#: 1598647
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Schools
Schoolsserving 1850 E 71st St
School District:Los Angeles Unified School District
| Rating | Name | Grades | Distance |
|---|---|---|---|
7211 Bell Ave, Los Angeles, CA 90001 | K-6 | 0.1 mi | |
6500 Hooper Ave, Los Angeles, CA 90001 | 6-8 | 0.8 mi | |
6361 Cottage St, Huntington Pk, CA 90255 | 9-12 | 0.6 mi | |
6361 Cottage St, Huntington Pk, CA 90255 | 9-12 | 0.6 mi | |
6361 Cottage St, Huntington Pk, CA 90255 | 9-12 | 0.6 mi | |
6020 Miles Ave, Huntington Pk, CA 90255 | 9-12 | 1.4 mi |
Disclaimer: School ratings provided byGreatSchools. Ratings are on a scale of 1-10.Learn more about GreatSchools ratings.School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales Historyfor 1850 E 71st StGet Price Alerts and Save Property
Date
Details
Price
Change
Source
5/21/2024
Listed
$1,300,000
110.7%
MLS
3/05/2018
Sold
$617,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax Historyfor 1850 E 71st St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$10,063
6%
$674,775
2%
2022
$9,515
1%
$661,545
2%
2021
$9,410
-1%
$648,575
1%
2020
$9,476
4%
$641,926
2%
2019
$9,140
15%
$629,340
19%
2018
$7,968
113%
$530,400
208%
2017
$3,747
2%
$172,319
2%
2016
$3,656
1%
$168,941
2%
2015
$3,611
—
$166,404
2%
2014
$3,625
1%
$163,145
—
2013
$3,595
—
$162,409
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Costfor 1850 E 71st St
Listed by Compass, Max Berger
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- Multi-Family
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10
Total Beds
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- Multi-Family
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- Updated 7 days ago
10
Total Beds
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- Updated 7 days ago
10
Total Beds
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- Updated 7 days ago
11
Total Beds
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Just Listednear 1850 E 71st St
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- Lots/Land
- Active
- Updated 4 days ago
0.105
Acres
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- Single Family
- Active
- Updated 1 day ago
3
Beds
1
Total Bath
1,237
Sq. Ft.
Save
- Retail
- Active
- Updated 5 hours ago
12,439
Sq. Ft.
0.3093
Acres
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- Multi-Family
- Active
- Updated 5 days ago
17
Total Beds
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- Multi-Family
- Active
- Updated 6 hours ago
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- Lots/Land
- Active
- Updated 17 hours ago
0.0901
Acres
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- Multi-Family
- Active
- Updated 4 days ago
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- Multi-Family
- Active
- Updated 3 hours ago
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Recent Salesnear 1850 E 71st St
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- Multi-Family
- Closed
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- Closed
12
Total Beds
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- Duplex
- Closed
10
Beds
6
Total Baths
3,536
Sq. Ft.
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- Multi-Family
- Closed
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1850 E 71st St, Los Angeles, CA 90001 (MLS# 24-394601) is aMulti-Family property with units containing 10 bedrooms and 0 full bathrooms.1850 E 71st St is currently listed for $1,300,000 and was received on May 21, 2024.Want to learn more about 1850 E 71st St?Do you have questions about finding otherMulti-Familyreal estate for salein Downtown L.A.?You can browse all Downtown L.A. real estate orcontact a Coldwell Banker agent to request more information.
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