8801 Baring Cross St, Los Angeles, CA 90044

Property Overview

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8801 Baring Cross Street is a well-located triplex situated in a dense South Los Angeles neighborhood, offering investors strong in-place cash flow with immediate upside potential. The property consists of three 2-bedroom, 1-bathroom units across 1,780 square feet of building area on a 5,129-square-foot lot. Two units are vacant, providing an incoming owner the opportunity to lease at market rents or pursue an owner-occupant strategy with favorable 1–4 unit financing options.

The asset includes three garages with potential for ADU conversion, creating a unique long-term opportunity to add rentable square footage and increase income beyond the existing triplex operations. With three off-street parking spaces and efficient 2BR layouts that drive tenant demand, the property offers both day-one yield and scalability through simple value-add measures such as RUBS implementation, laundry income, and voucher-friendly leasing.

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Key Property Details

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• Location: 8801 Baring Cross St, Los Angeles, CA 90044
• Lot Size: 5,129 square feet
• Total Building Area: 1,780 square feet
• Units: 3 (all 2BR/1BA)
• Parking: 3 garages with ADU conversion potential
• Current Cap Rate: 8.04%
• Pro Forma Cap Rate: 8.74%
• Current SGR: $92,964
• Market SGR: $98,928
• Zoning: Residential (1–4 unit financing eligible)
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Investment Highlights

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• Immediate income with two vacant units ready for lease-up at market rents.
• Sub–$800k price point offering strong day-one yield in Los Angeles.
• All 2BR/1BA layouts — broader tenant pool and stronger rent support than 1BR product.
• Three garages offering rare ADU conversion potential for long-term upside.
• Voucher-friendly submarket provides steady, government-backed rental demand.

Neighborhood and Accessibility

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Located in South Los Angeles, 8801 Baring Cross Street benefits from consistent renter demand driven by affordability, proximity to major employment centers, and access to local schools, parks, and retail. The property offers easy connectivity via nearby transit corridors, providing strong commuter appeal and long-term occupancy stability.

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Market Trends and Financial Potential

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• Current Occupancy: 33% (1 of 3 units leased)
• Vacancy Assumption: 5% (standard underwriting)
• Pro Forma Rents: ~$98,928 SGR (with market lease-up)
• Property Tax Rate: 1.25% of purchase price
• Insurance Estimate: ~$700 per unit
• Management Fee: 4% of Effective Gross Income (EGI)
• Reserves: $200 per unit annually

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For more information and to schedule a viewing, please contact:

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Taylor Avakian

Founder, The Group CRE

First Vice President, Lyon Stahl

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