Description

We are proud to present 250 E 81st St, a 6-unit mixed-use property in Los Angeles, offered at an 7.28% CAP and 8.54 GRM on current rents, with upside potential to achieve an 11.05% CAP and 6.35 GRM upon stabilization. Located just north of Manchester Ave and west of San Pedro St, in close proximity to John C. Fremont High School, this property offers excellent access with close proximity to the 110 Freeway, multiple Metro stations, and easy access to Downtown Los Angeles, Hyde Park, and Crenshaw. The property is comprised of two separate structures a single-story front structure with two commercial units and a two-story rear building with four residential units offering a total of 3,884 rentable square feet. Built in 1928 and 1941 respectively, the property sits on a 5,178 SF LAR3-zoned corner lot with street access on both sides. The unit mix features two commercial units with frontage on San Pedro Street, as well as one two-bedroom two-bathroom unit and three one-bedroom units. The two-bedroom unit and both commercial units will be delivered VACANT at closing, presenting an immediate opportunity for stabilization at market rents. Contact listing broker for additional information.