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811 W 97th St, Los Angeles, CA, 90044

14beds
10baths
6,670sqft
$2,250,000
$337price/sqft
$14,498/moest. monthly cost
$579,920/yrincome needed

About This Home

8.35% CAP & 8.52 GRM! We are pleased to offer this ten unit investment opportunity, located in the City of Los Angeles. This 10-unit multi-family property features a well-balanced unit mix of six 1-bedroom/1-bath units and four 2-bedroom/1-bath units, all of which have been recently renovated. The property benefits from strong in-place fundamentals supported by consistent rental demand in one of Los Angeles' most established rental markets. Recent capital improvements include newer exterior paint, upgraded exterior lighting, and new building and unit numbering, enhancing curb appeal and tenant experience. Each unit is separately metered for gas and electricity, providing operational efficiency and long-term expense control. The property also offers a large on-site parking area with 10 spaces, a valuable amenity in a dense urban environment.

Getting Around

73
WalkingVery Walkable
55
TransitGood Transit
70
BikeVery Bikeable

Construction

Condition

  • Year built: 1958

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Bedrooms & Bathrooms

  • Bedrooms: 14
  • Bathrooms: 10

Features

  • Ceiling Fan(s)

Heating & Cooling

  • Heating features: Wall Gas
  • Cooling features: Ceiling Fan(s)

Interior Area

  • Total structure area: 6,670
  • Total interior livable area: 6,670 sqft

Property

Details

  • Zoning: LARD2
  • Special condition: Standard

Features

  • Levels: One
  • Stories: 2

Lot

  • Lot size: 10,000 sqft

Parking

  • Total spaces: 10
  • Parking features: Concrete
  • Has uncovered spaces: Yes