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538 W 82nd Street

Los Angeles, CA 90044

– beds
– baths
– sqft
9,319 sqft lot
1962 build
– on site

We are pleased to present 538 W 82nd St, a 9-unit property located in the heart of Los Angeles with 5 VACANT UNITS. Operating at a 7.11% CAP and an 9.18 GRM on current rents (with the vacant units re-rented at market rates) with potential upside to a 11.36% CAP and a 6.31 GRM on pro-forma rents, this building provides a buyer with the ability to achieve a high-cash flow. The property consists of two-story building constructed in 1962 with a strong unit mix of 7 two-bedroom units and 2 one-bedroom units, with three 2-bedroom units and 2 1-bedroom units delivered VACANT and rent ready. The property also features 9 onsite parking spaces with (4) carport spaces, providing potential for an ADU(s) conversion, as well as 5 uncovered spaces in the rear. This opportunity offers easy freeway access as it is situated just west and in close proximity to 110 Freeway as well as Popeyes, Tam’s Burgers #34, Jack in the Box, Tacos El Guero #1, Domino’s Pizza, KFC, McDonald’s, Subway and a number of other tenant amenities and conveniences.

Listed By CRMLS_CA / Vincent Cook / Kidder Mathews of California, Inc / 310-405-3654

Last checked: Checking… • Last updated Jan 29, 2025 •

MLS# SB25020176 —

The Building

Year Built:

1962
Year Built Source:

Assessor
New Construction:

No
Building Area Total:

7591.00
Building Area Units:

Square Feet
Total Number Of Units:

9
# of Buildings:

1
Stories Total:

2
Entry Level:

1
Common Walls:

2+ Common Walls
# of Separate Gas Meters:

9
# of Separate Water Meters:

9
# of Separate Electric Meters:

10

Interior

Levels:

Two
Entry Location:

1
Laundry:

None

Location

Directions:

North on S Figueroa, West on 82nd St
Latitude:

33.96396200
Longitude:

-118.28407400

The Property

Property Type:

Residential Income
Subtype:

Apartment
Zoning:

LAR3
Lot Features:

0-1 Unit/Acre
Lot Size Area:

9319.0000
Lot Size Acres:

0.2139
Lot Size SqFt:

9319.00
Lot Size Source:

Assessor
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Census Tract:

2383.20
Tax Tract:

260
Tax Lot:

260

The Listing

Special Listing Conditions:

Standard
Parcel Number:

6032021020

Utilities

Sewer:

Public Sewer
Water Source:

Public

The Community

Features:

Sidewalks
Pool:

None
Senior Community:

No
Private Pool:

No

Parking

Parking:

Yes
Parking:

Assigned
Parking Spaces:

9.00
Uncovered Spaces:

5.00
Carport Spaces:

4.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
1/28/25 Jan 28, 2025	Listed / Active	CRMLS_CA	$1,750,000	18.2% (5.3% / YR)
12/2/22 Dec 2, 2022	Listed / Active	CRMLS_CA
8/11/21 Aug 11, 2021		CRMLS_CA	$1,480,000	-6.0%

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This multifamily located in South LA, Los Angeles, CA 90044 is currently for sale for $1,750,000. 538 W 82nd Street is a – square foot multifamily with – beds and – baths that has been on Estately for 4 days. 538 W 82nd Street is in the South LA neighborhood of Los Angeles and has a WalkScore® of 68, making it somewhat walkable. This multifamily is in the attendance area of Manchester Avenue Elementary, Mervyn M Dymally Senior High, Mary Mcleod Bethune Middle School, and Danny J. Bakewell Sr. Primary Center.

Listing Courtesy of: CRMLS_CA and Kidder Mathews of California, Inc. Based on information from California Regional Multiple Listing Service, Inc. as of 19:05 on Feb 01.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.