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3055 Future St

3 Unit Apartment Building $1,099,000 ($366,333/Unit) 6.30% Cap Rate Los Angeles, CA 90065

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Investment Highlights

super hot rental area of Mount Washington
outdoor areas

great light and great views in every unit

Executive Summary

Unique opportunity to own legal 3 unit building on R1 lot, with awesome views from every window. 1 one bedroom unit and 2 junior one bedrooms (studios per assessors records). Lots of updates done throughout the years. 9 year old top-of-the-line roof, updated kitchens and bathrooms but needs exterior painting. Private stone-paved patios. Street to street lot. On-site laundry. Some photos taken before current tenants moved in.

Financial Summary (Actual - 2024)	Annual	Annual Per SF
Gross Rental Income	$73,788	$52.00
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	$73,788	$52.00
Taxes	-	-
Operating Expenses	-	-
Total Expenses	$1,000	$0.70
Net Operating Income	$72,788	$51.30

Financial Summary (Actual - 2024)

Gross Rental Income
Annual	$73,788
Annual Per SF	$52.00

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	$73,788
Annual Per SF	$52.00

Taxes
Annual	-
Annual Per SF	-

Operating Expenses
Annual	-
Annual Per SF	-

Total Expenses
Annual	$1,000
Annual Per SF	$0.70

Net Operating Income
Annual	$72,788
Annual Per SF	$51.30

Property Facts

Price	$1,099,000	Apartment Style	Low Rise
Price Per Unit	$366,333	Building Class	C
Sale Type	Investment	Lot Size	0.06 AC
Cap Rate	6.30%	Building Size	1,419 SF
Gross Rent Multiplier	15.65	Average Occupancy	100%
No. Units	3	No. Stories	2
Property Type	Multifamily	Year Built	1926
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$1,099,000
Price Per Unit	$366,333
Sale Type	Investment
Cap Rate	6.30%
Gross Rent Multiplier	15.65
No. Units	3
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	C
Lot Size	0.06 AC
Building Size	1,419 SF
Average Occupancy	100%
No. Stories	2
Year Built	1926
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.