2975 Leeward Ave | Los Angeles, CA 90005
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- LoopNet Team
2975 Leeward Ave
Los Angeles, CA 90005
47 Units-Koreatown-$110K Per Unit | 8.45 GRM · Multifamily Property For Sale · 47 Units
INVESTMENT HIGHLIGHTS
- Very Low Cost Per Unit of $110,638 & $185 Per Square Foot
- Large Units Located in Koreatown near Wilshire & Vermont
- Extremely Low Current GRM of 8.45 with Massive Upsides
- Fully Leased with Massive Upside to an 8.4% Cap Rate
PROPERTY FACTS
| No. Units | 47 | Lot Size | 0.21 AC |
| Property Type | Multifamily | Building Size | 28,112 SF |
| Property Subtype | Apartment | Average Occupancy | 98% |
| Apartment Style | Mid Rise | No. Stories | 4 |
| Building Class | C | Year Built | 1927 |
| No. Units | 47 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 28,112 SF |
| Average Occupancy | 98% |
| No. Stories | 4 |
| Year Built | 1927 |
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Range
- Tub/Shower
SITE AMENITIES
- Elevator
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 46 | $1,011 | 350 - 450 |
| 1+1 | 1 | $1,026 | 700 |
PROPERTY TAXES
| Parcel Number | 5077-016-014 | Improvements Assessment | $1,695,150 |
| Land Assessment | $5,468,229 | Total Assessment | $7,163,379 |
PROPERTY TAXES
Parcel Number
5077-016-014
Land Assessment
$5,468,229
Improvements Assessment
$1,695,150
Total Assessment
$7,163,379
ZONING
| Zoning Code | R5, Los Angeles (Multiple Dwelling Zone) |
| R5, Los Angeles (Multiple Dwelling Zone) |
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