1850 E 71st St, Los Angeles, CA 90001

*** $100,000 Price Reduction *** 1850 E. 71st St is a 4-unit & ADU value-add property offered at a 7.20% CAP and 9.31 GRM on current rents. The property consists of (1) 3-bdrm. and 2-bath unit, (2) 2-bdrm. units, (1) 2-bdrm. ADU, 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 10.24% CAP and 7.18 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.