145 W Colden Ave
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145 W Colden Ave
5 Unit Apartment Building $700,000 ($140,000/Unit) 3.12% Cap Rate Los Angeles, CA 90003
Investment Highlights
- Excellent Unit Mix: (1) 3Bd/1Ba, (4) 2Bd/1Ba Units
- Potential for ADU (Buyer to verify)
- On-Site Parking
- Significant Value-Add Opportunity - 113% in Rental Upside
- Gated Entry
- Separately Metered Gas and Electricity
Executive Summary
Marcus and Millichap is pleased to present the exceptional opportunity to acquire a fully occupied 5-unit multifamily property in the Broadway-Manchester neighborhood of South Los Angeles. Built in 1960, this property features (1) 3Bed/1 Bathroom Unit and (4) 2Bed/1 Bathroom Units. Together, they offer a total of 3,132 square feet of rentable space on a 6,596 square foot lot. Security and convenience are paramount, with features such as separate metering for gas and electricity, gated controlled access, and an on-site parking lot with (7) spaces. With an average rent of $980 per unit, this opportunity provides an astute investor the potential to capture 113% upside in rental income as tenants move or relocate.
Strategically located just north of West Century Blvd and east of South Broadway, the property enjoys seamless connectivity to the 110 and 105 Freeways, facilitating convenient access to all corners of Greater Los Angeles. Tenants are also within a short distance to multiple bus stops along Main St. and Colden Ave.
Strategically located just north of West Century Blvd and east of South Broadway, the property enjoys seamless connectivity to the 110 and 105 Freeways, facilitating convenient access to all corners of Greater Los Angeles. Tenants are also within a short distance to multiple bus stops along Main St. and Colden Ave.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $700,000 | Apartment Style | Low Rise |
| Price Per Unit | $140,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 3.12% | Building Size | 3,132 SF |
| Gross Rent Multiplier | 11.87 | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1960 |
| Property Subtype | Apartment | Parking Ratio | 2.23/1,000 SF |
| Price | $700,000 |
| Price Per Unit | $140,000 |
| Sale Type | Investment |
| Cap Rate | 3.12% |
| Gross Rent Multiplier | 11.87 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 3,132 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 2.23/1,000 SF |
Unit Amenities
- Air Conditioning
- Kitchen
- Sprinkler System
- Tub/Shower
Site Amenities
- 24 Hour Access
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | $4,024 | - |
| 3+1 | 1 | $890.00 | - |
Bike Score ®
Very Bikeable (75)
PROPERTY TAXES
| Parcel Number | 6053-008-017 | Total Assessment | $649,671 |
| Land Assessment | $286,520 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $363,151 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
6053-008-017
Land Assessment
$286,520
Improvements Assessment
$363,151
Total Assessment
$649,671
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
zoning
| Zoning Code | R2 (Restricted Density Multiple Dwelling One-Family Dwellings, Two-Family Dwellings, Apartment Houses, Multiple Dwellings, Home Occupations) |
| R2 (Restricted Density Multiple Dwelling One-Family Dwellings, Two-Family Dwellings, Apartment Houses, Multiple Dwellings, Home Occupations) |
Contacts
-
Sevak Keshishian -
Shara Parseghian -
Aaron Es-haghian -
The SK Group of Marcus & Millichap
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145 W Colden Ave
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