Four40 Sepulveda | 440 E Sepulveda Blvd
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Four40 Sepulveda 440 E Sepulveda Blvd
11 Unit Apartment Building $5,500,000 ($500,000/Unit) 3.74% Cap Rate Carson, CA 90745
Investment Highlights
- MODERN 2016 CONSTRUCTION- NON RENT CONTROLLED
- EACH UNIT HAS WASHER/DRYER- 2 PARKING SPACES PER UNIT
- TENANTS PAY ALL UTILITIES: GAS, WATER, POWER, TRASH
- STABLE CASH FLOW
Executive Summary
LYONS STAHL AND PACIFIC PEAK INVESTMENT REAL ESTATE GROUP INC is pleased to present the exclusive opportunity to acquire 440 E. Sepulveda in Carson, CA. Built in 2016, this NON RENT CONTROLLED multi-family asset is an 11-unit complex that is well designed and modernly constructed. All the units come with in-unit washer/dryer, private parking spaces and garages, private storage, HVAC units, etc etc. The average size of the mainly 2 bedroom units is approx. 820 Sq Ft., include wooden floors, carpeted bedrooms, dual-pane windows, GE appliances fully equipped with quartz countertops. Located in the heart of Carson, CA, a city that is a hub for diverse industries including Logistics, Warehousing & Manufacturing, including Oil and Refining. Additionally, the property is in excellent proximity to shopping, entertainment districts and restaurants.
If you're an investor that's tired of the government dictating what your building can acquire for rent, then this is the property for you! With a rent increase allowed in January of 2025, buyer will have option of increasing rent by up to 9%. With a moderate increase of only 4%, there is a 32% upside in rents. The units are individually sub-metered for water and sewer. All the tenants pay for all the utilities including trash. AS CLOSE TO NNN FOR APARTMENT BLDG AS THERE IS.
If you're an investor that's tired of the government dictating what your building can acquire for rent, then this is the property for you! With a rent increase allowed in January of 2025, buyer will have option of increasing rent by up to 9%. With a moderate increase of only 4%, there is a 32% upside in rents. The units are individually sub-metered for water and sewer. All the tenants pay for all the utilities including trash. AS CLOSE TO NNN FOR APARTMENT BLDG AS THERE IS.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2023) 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 - 2023) 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 | $5,500,000 | Building Class | B |
| Price Per Unit | $500,000 | Lot Size | 0.43 AC |
| Sale Type | Investment | Building Size | 9,010 SF |
| Cap Rate | 3.74% | Average Occupancy | 91% |
| No. Units | 11 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2016 |
| Property Subtype | Apartment | Parking Ratio | 2.77/1,000 SF |
| Apartment Style | Garden |
| Price | $5,500,000 |
| Price Per Unit | $500,000 |
| Sale Type | Investment |
| Cap Rate | 3.74% |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 0.43 AC |
| Building Size | 9,010 SF |
| Average Occupancy | 91% |
| No. Stories | 2 |
| Year Built | 2016 |
| Parking Ratio | 2.77/1,000 SF |
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Disposal
- Microwave
- Storage Space
- Washer/Dryer
- Heating
- Double Vanities
- Kitchen
- Ice Maker
- Refrigerator
- Satellite TV
- Oven
- Sprinkler System
- Stainless Steel Appliances
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Deck
- Dining Room
- Double Pane Windows
- Freezer
- Pantry
- Patio
- Smoke Free
- Window Coverings
Site Amenities
- Controlled Access
- Courtyard
- Fenced Lot
- Security System
- Gated
- Recycling
- Smoke Free
- Storage Space
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 8 | $2,250 | 735 - 765 |
| 2+2 | 2 | $2,450 | 876 |
| 3+2 | 1 | $2,800 | 1,088 |
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Walk Score ®
Very Walkable (78)
PROPERTY TAXES
| Parcel Number | 7406-013-024 | Total Assessment | $4,685,176 (2024) |
| Land Assessment | $1,673,277 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $3,011,899 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
7406-013-024
Land Assessment
$1,673,277 (2024)
Improvements Assessment
$3,011,899 (2024)
Total Assessment
$4,685,176 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
zoning
| Zoning Code | MU-SB |
| MU-SB |
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Four40 Sepulveda | 440 E Sepulveda Blvd
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