11813 S Main St
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11813 S Main St
4 Unit Apartment Building $725,000 ($181,250/Unit) 7.30% Cap Rate Los Angeles, CA 90061
Investment Highlights
- Building is 100% occupied.
- Prime location in Los Angles.
- Opportunity to build additional units behind property.
Executive Summary
The subject property is a 4 unit apartment building located in South Los Angeles. The property was built in 1955 totaling 2,552 rentable square feet. The unit mix consists of two singles, one 2-bedroom, and one large owners 3-bed, 1 bathroom unit. Utilities are separately metered for both gas and electricity. The rear of the lot allows for four individual parking spaces. The lot backs to a paved alley the a new owner has the ability to build additional units utilizing AB1211.
Property Facts
| Price | $725,000 | Apartment Style | Low Rise |
| Price Per Unit | $181,250 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.08 AC |
| Cap Rate | 7.30% | Building Size | 2,552 SF |
| Gross Rent Multiplier | 9.4 | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1955 |
| Property Subtype | Apartment | Parking Ratio | 1.57/1,000 SF |
| Price | $725,000 |
| Price Per Unit | $181,250 |
| Sale Type | Investment |
| Cap Rate | 7.30% |
| Gross Rent Multiplier | 9.4 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 2,552 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1955 |
| Parking Ratio | 1.57/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | $1,431 | 325 |
| 2+1 | 1 | $1,850 | 800 |
| 3+1 | 1 | $1,719 | 800 |
PROPERTY TAXES
| Parcel Number | 6087-016-018 | Improvements Assessment | $268,048 |
| Land Assessment | $375,269 | Total Assessment | $643,317 |
PROPERTY TAXES
Parcel Number
6087-016-018
Land Assessment
$375,269
Improvements Assessment
$268,048
Total Assessment
$643,317
zoning
| Zoning Code | LAR4 |
| LAR4 |
Contacts
-
Aaron Jacobson -
Peter James -
Will James -
Taylor Avakian -
Lyon Stahl Investment Real Estate
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11813 S Main St
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