5% Cap Rate - 1805 W 35th St, Los Angeles | 1805 W 35th St
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5% Cap Rate - 1805 W 35th St, Los Angeles 1805 W 35th St
3 Unit Apartment Building $1,000,000 ($333,333/Unit) 5% Cap Rate Los Angeles, CA 90018
Investment Highlights
- Incredible High Cap Rate of 5%
- Minutes away from USC
- Great Investment Opportunity
- Vibrant area surrounded by popular restaurants, shops, and easy freeway access
Executive Summary
Presenting a prime investment opportunity in the heart of Los Angeles, just minutes from the prestigious USC campus. This charming triplex features two front units, each offering 1 bedroom and 1 bathroom with 768 SqFt of living space. A cozy third unit at the back provides 2 bedrooms and 1 bathroom, with 580 SqFt of living space.
The first front unit welcomes you with a bright living area, enhanced by a ceiling fan and large windows that flood the space with natural light. The kitchen is equipped with stainless steel appliances and ample cabinet space. A washer/dryer adds convenience, while the bedroom’s walk-in closet and the bathroom’s shower-over-tub arrangement ensure comfort.
The third unit, located above the two-car garage, offers privacy and tranquility. Its two bedrooms, both with walk-in closets, and a modern bathroom with a shower stall, make it an appealing space for tenants seeking a peaceful retreat.
Located in a vibrant area surrounded by popular restaurants, shops, and with easy freeway access, this property is a highly desirable choice for tenants. Seize this opportunity to invest in the thriving Los Angeles market and secure this promising property today!
The first front unit welcomes you with a bright living area, enhanced by a ceiling fan and large windows that flood the space with natural light. The kitchen is equipped with stainless steel appliances and ample cabinet space. A washer/dryer adds convenience, while the bedroom’s walk-in closet and the bathroom’s shower-over-tub arrangement ensure comfort.
The third unit, located above the two-car garage, offers privacy and tranquility. Its two bedrooms, both with walk-in closets, and a modern bathroom with a shower stall, make it an appealing space for tenants seeking a peaceful retreat.
Located in a vibrant area surrounded by popular restaurants, shops, and with easy freeway access, this property is a highly desirable choice for tenants. Seize this opportunity to invest in the thriving Los Angeles market and secure this promising property today!
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$70,800
|
$33.46
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$70,800
|
$33.46
|
| Taxes |
$12,500
|
$5.91
|
| Operating Expenses |
$4,852
|
$2.29
|
| Total Expenses |
$17,352
|
$8.20
|
| Net Operating Income |
$53,448
|
$25.26
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $70,800 |
| Annual Per SF | $33.46 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $70,800 |
| Annual Per SF | $33.46 |
| Taxes | |
|---|---|
| Annual | $12,500 |
| Annual Per SF | $5.91 |
| Operating Expenses | |
|---|---|
| Annual | $4,852 |
| Annual Per SF | $2.29 |
| Total Expenses | |
|---|---|
| Annual | $17,352 |
| Annual Per SF | $8.20 |
| Net Operating Income | |
|---|---|
| Annual | $53,448 |
| Annual Per SF | $25.26 |
Property Facts
| Price | $1,000,000 | Property Subtype | Apartment |
| Price Per Unit | $333,333 | Building Size | 2,116 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 5% | No. Stories | 1 |
| No. Units | 3 | Year Built | 1924 |
| Property Type | Multifamily | Parking Ratio | 0.95/1,000 SF |
| Price | $1,000,000 |
| Price Per Unit | $333,333 |
| Sale Type | Investment |
| Cap Rate | 5% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Size | 2,116 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1924 |
| Parking Ratio | 0.95/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | $1,850 | 768 |
| 2+1 | 1 | $2,200 | 580 |
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Walk Score®
Very Walkable (82)
Bike Score®
Very Bikeable (75)
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5% Cap Rate - 1805 W 35th St, Los Angeles | 1805 W 35th St
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