606 W 81st, Los Angeles, California 90044, Los Angeles, 90044 - 0 bed, 0 bath
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606 W 81st
Los Angeles, California 90044
ACTIVE
CONDITION: FAIR
0Beds
0Baths
4,160Sq Ft
9,313Lot Size
Property Price
LIST PRICE$1,150,000
EST. MARKET VALUE
$1,457,019
21% BelowMARKET VALUE
SUMMARY
This 10-unit multifamily property presents a High-Potential Investment Opportunity with a List Price of $1,150,000—positioned well below the $1,457,020 Fair Market Value by 21%. This valuation gap offers $307,020 in Instant Equity for the savvy buyer. With a Condition Rating of 4, the asset provides stable, 100% occupied cash flow while offering significant upside through modernization of its 1927 infrastructure. This is an ideal acquisition for Buy-and-Hold Investors or Value-Add Developers seeking high-yield workforce housing in a high-demand submarket.
Estimated Market Value
$1,457,019+$307,019 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 606 W 81st Subject | $1,150,000* List Price | 0 | 0 | 4,160 | $350 | - |
A 726 W 76th Sold | $1,025,000 | 0 | 0 | 2,864 | $358 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1927, this 97-year-old multifamily property is functional and fully occupied, but lacks evidence of recent major renovations. While it provides stable income as workforce housing, the age and lack of modern updates to kitchens, baths, and systems suggest it is dated and will require minor repairs and modernization.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
High School: Middle College High School (9/10).
- High Yield Financials
The property offers an attractive 7.06% CAP rate and a low price per unit of $115,000, providing investors with immediate strong returns and a competitive entry basis.
- Stable Cash Flow
With 100% occupancy across its 10 units, the asset ensures reliable day-one income and minimizes the immediate risk of vacancy for a new owner.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
Built in 1927, the property may require substantial capital expenditures for deferred maintenance and upgrades to century-old mechanical, electrical, and plumbing systems.
- Low School Ratings
The majority of the assigned public schools for this address have low ratings (ranging from 1 to 4), which could limit the long-term appreciation potential and appeal to a broader tenant demographic.
About 606 W 81st
We are pleased to present 606 W 81st Street, a 10-unit multifamily investment opportunity located in the highly active 90044 submarket of South Los Angeles. Offered at an attractive 7.06% current CAP rate and 8.21 GRM, the property delivers strong in-place cash flow with an exceptional basis of just $115,000 per unit and $276 per square foot. The property consists of four 1-Bedroom/1-Bath units and six Studio units, all currently occupied, providing investors with stable day-one income. Situated on a large 9,313-square-foot lot, the property features a desirable single-story courtyard-style layout with surface parking in the rear. The 4,160-square-foot building features a highly rentable unit mix that appeals to a broad tenant base. Located in one of South Los Angeles' most active multifamily investment submarkets, the property benefits from a large inventory of workforce housing, strong rental demand, and convenient access to the Harbor (110) Freeway. This is an exceptional opportunity to acquire a high-yield, income-producing asset with stable cash flow and long-term investment potential.
Property Details
Public Facts
- Property Type
- Mixed Use
- Year Built
- 1927
- Lot Size
- 9,313 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Manchester Avenue Elementary School
Grades 1-6 • 0.5 mi
4/10
Danny J. Bakewell, Sr., Primary Center
Grades K • 0.5 mi
0/10
Seventy-Fifth Street Elementary School
Grades K-6 • 0.8 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 2.0 |
| Baths | 0.0 | 1.3 |
| Square foot | 4,160 | 4,065.4 |
| Lot Size | 9,313 | 6,744.9 |
| Price | $1.15M | $1.13M |
| Price per sq ft | $276 | $262 |
| Built year | 1927 | 1939 |
| HOA | $0 | $907 |
| Days on market | 15 | 110 |
Pricing History
Listed for Sale
Aug 25, 2026
$1,150,000
Initial Listing
Sold
May 19, 2016
$840,000
Public Record
Sold
Jun 25, 2015
$720,000
Public Record
Sold
May 13, 2005
$680,000
Public Record
Sold
Jul 26, 2002
$300,000
Public Record
Sold
Dec 18, 2000
$162,263
Public Record