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Backup Offers

716 W 81st St, Los Angeles, CA, 90044

$1,999,000

Home List Price

$10,000*

Closing Credit

18 Bedrooms
11 Baths
7,795 SqFt
$256/SqFt
House

Location

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716 W 81st St, Los Angeles$1,999,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingAttached Carport
Attached GarageYes
Year Built1960
HeatingWall Furnace
MLS #24403972
Lot Size0.21 Acres
StatusAccepting Backup Offers
(Active Under Contract)

About 716 W 81st St

First time on market in a several decades...Bread-and-butter deal for a 1st-time Investor or a local owner wanting to add to his portfolio. Seven 2 Bed/1 Bath units and four 1 Bed/1 Bath units. Carports in the front and rear. A value-add opportunity from day one - one unit will be delivered vacant, and the manager's unit (currently free rent) has no lease or written management agreement, in place, affording a new Buyer some immediate flexibility and upside. 2 units could, potentially, be at market soon after COE. Scheduled rents of $16K/month. Proforma rents of $22K+/month.6.4% cap scheduled. 9.4% cap proforma. Between Manchester and Florence, Hoover and the 110.

Property Details

Property Features

Property Information:

  • Year Built: 1960
  • Stories: 2
  • Living Area: 7,795 SqFt

Listing Office:

  • Office Name: CBRE, Inc.
  • Office Phone: (310) 363-4900
  • Listing Agent: Brice Head

Interior Features

Interior Information:

  • Appliances: Refrigerator
  • Interior: Ceiling Fan(s)

Bedroom and Bathroom Information:

  • Total Bedroom Count: 18

Exterior Features

Parking Information:

  • Attached Garage: Yes
  • Parking: Attached Carport

Lot Features

Lot Information:

  • Lot Size: 0.21 Acres

Utilities

Utilities Information:

  • Heating: Wall Furnace

Other

Directions Information:

  • Directions: W 81st St. & S Hoover St.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,999,000
  • Price Per SqFt: $256/SqFt

Tax Information:

  • Annual Amount: $6,596
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

38

# of Sold Homes

1346

716 W 81st St vs Los Angeles

191 DAYS ON ROCKET

+153 Days

$1,999,000

+$977.4K More

$256/SqFt

-$384 Less

KEY TAKEAWAY

This property is $977.4K more than the Median Sold Price and $384/SqFt less than other homes in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24403972

Listing Office:

  • Office Name: CBRE, Inc.
  • Office Phone: (310) 363-4900
  • Listing Agent: Brice Head

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/22/2024, 2:21:00 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$6,596$445,194
2020$6,074$440,630
2019$5,885$431,992
2018$5,775$423,522
2017$5,775$415,219

History based on county public records data.

Payment Calculator

$10K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$6,060

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-989506
6
/10

  • Kipp Empower Academy

  • 8466 S Figueroa St

  • 0.30 miles

  • Public Charter Grades KG-4

school-card-donut-989507
4
/10

  • Loren Miller Elementary School

  • 830 W 77th St

  • 0.32 miles

  • Public District Grades KG-6

school-card-donut-989508
6
/10

  • Manchester Elementary School

  • 661 W 87th St

  • 0.43 miles

  • Public District Grades 1-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $19,884. The majority of Los Angeles, CA residents have income less than $35k annually. Residents typically live in single, with kids family. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 716 W 81st St

What is the listing price of this property?

The listing price of 716 W 81st St property is $1,999,000.

What type of property is this?

The property 716 W 81st St is a house located in Los Angeles, California, 90044.

Is this property for sale now?

Accepting Backup Offers: 716 W 81st St is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $6,596 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 716 W 81st St has 18 bedrooms and 11 bathrooms.

What is the square footage of this property?

The property 716 W 81st St is 7,795 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 716 W 81st St is 1960.

Rocket Homes›California›Los Angeles County›Los Angeles›90044›716 W 81st St

This home is located at 716 W 81st St in Los Angeles, CA and zip code 90044 in the South LA neighborhood. This 7,795 square foot home, which was built in 1960, sits on a 0.21 acre lot. Features: 18 bedrooms, 11 bathrooms. It has been listed on Rocket Homes since June 14, 2024 and is currently priced at $1,999,000.

In November 2024, from all listings sold in Los Angeles, CA there were more than 512 sold above asking price, over 657 sold below and more than 177 were sold right at the asked price. The inventory of homes for sale in Los Angeles, CA between October 2024 and November 2024 decreased by 0.6%. In November 2024, listings were on the market for 38 days. During the same period, the median list price in this real estate market was $1,021,532.

From Rocket Homes Real Estate and based on county public records data.

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