2833 Huron St
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2833 Huron St
10 Unit Apartment Building $1,500,000 ($150,000/Unit) 4.61% Cap Rate Los Angeles, CA 90065
Investment Highlights
- 10 units priced at only $150k/unit
- Three Studio/1-Bath units can be delivered vacant
- There is still over 92% upside available in monthly rental income
- Conveniently located near DTLA, 5 and 110 freeways
Executive Summary
Priced at only $150k/unit! 2833 Huron St is a prime 10 unit investment property located in the Cypress Park neighborhood of Los Angeles. There is still 92% upside available in monthly rental income. The subject property is comprised of (1) 2Bed/1Bath, (4) 1Bed/1Bath and (5) Studio/1Bath units. Three Studio/1Bath units can be delivered vacant, offering immediate upside. There is also a laundry room on site
for additional income. 2833 Huron St is conveniently located just minutes from Downtown Los Angeles, with easy access to the 110 and 5 freeways. There are many shops and restaurants nearby, making it a prime location for renters.
for additional income. 2833 Huron St is conveniently located just minutes from Downtown Los Angeles, with easy access to the 110 and 5 freeways. There are many shops and restaurants nearby, making it a prime location for renters.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$124,207
|
$30.18
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$3,726
|
$0.91
|
| Effective Gross Income |
$120,481
|
$29.27
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$51,374
|
$12.48
|
| Net Operating Income |
$69,107
|
$16.79
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $124,207 |
| Annual Per SF | $30.18 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $3,726 |
| Annual Per SF | $0.91 |
| Effective Gross Income | |
|---|---|
| Annual | $120,481 |
| Annual Per SF | $29.27 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $51,374 |
| Annual Per SF | $12.48 |
| Net Operating Income | |
|---|---|
| Annual | $69,107 |
| Annual Per SF | $16.79 |
Property Facts
| Price | $1,500,000 | Apartment Style | Low Rise |
| Price Per Unit | $150,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 4.61% | Building Size | 4,116 SF |
| Gross Rent Multiplier | 12.08 | Average Occupancy | 80% |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1950 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Price | $1,500,000 |
| Price Per Unit | $150,000 |
| Sale Type | Investment |
| Cap Rate | 4.61% |
| Gross Rent Multiplier | 12.08 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 4,116 SF |
| Average Occupancy | 80% |
| No. Stories | 2 |
| Year Built | 1950 |
| Opportunity Zone |
Yes |
Unit Amenities
- Air Conditioning
- Kitchen
- Tub/Shower
Site Amenities
- 24 Hour Access
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 5 | $1,198 | - |
| 1+1 | 4 | $738.50 | - |
| 2+1 | 1 | $616.00 | - |
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Walk Score ®
Very Walkable (74)
Bike Score ®
Very Bikeable (75)
PROPERTY TAXES
| Parcel Number | 5446-008-007 | Improvements Assessment | $636,724 (2024) |
| Land Assessment | $695,091 (2024) | Total Assessment | $1,331,815 (2024) |
PROPERTY TAXES
Parcel Number
5446-008-007
Land Assessment
$695,091 (2024)
Improvements Assessment
$636,724 (2024)
Total Assessment
$1,331,815 (2024)
zoning
| Zoning Code | RD2 (Multi-Family) |
| RD2 (Multi-Family) |
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2833 Huron St
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