Description

1524 W 81st Street is a value add four-unit investment and owner-user opportunity in south Los Angeles. Two of the four units will be delivered vacant, including the house. The property is on the market for the first time on the market in thirty years! Built in 1923, the 3,650 total SF buildings are situated on a 6,677 SF lot. The property consists of an approximately 1,000 SF house in the rear of the property and a triplex in the front of the property. The house has two bedrooms and one bathroom and each of the triplex units have two bedrooms and one and a half bathrooms. The triplex units are approximately 800 SF each and are townhouses (two stories). The immediate path to increase the value of this property is to update the two vacant units and rent them at market rates. In addition, the house in the rear of the property has yard space in the back and on both sides which could be transformed into a grass yard and private patio space. Furthermore, targeted cosmetic upgrades to the front triplex exterior would elevate the overall aesthetics.