The Wilshire 5555 5555 W 8th St
24 Unit Apartment Building $6,400,000 ($266,667/Unit) 5.16% Cap Rate Los Angeles, CA 90036
INVESTMENT HIGHLIGHTS
- Located in the Heart of Mid Wilshire - known for its diverse culture and vibrant community.
- Nearby attractions include the Los Angeles County Museum of Art (LACMA), a popular cultural institution showcasing art from around the world.
- 27 Parking Spaces
- 95% Walking Score
- Mid-Wilshire offers an unparalleled dining experience, featuring some of Los Angeles’ top restaurants.
- Mid-Wilshire offers residents a perfect blend of urban convenience and green spaces
EXECUTIVE SUMMARY
**Unbeatable ROI Potential**: This prime Multi-Family property at 5555 W 8th St. offers an unparalleled opportunity for investors seeking a high return on investment.
**Cash Flow**: Prepare to reign supreme in cash flow with this investment gem. With current rents 35.43% below market rates, Mid-Wilshire presents a prime opportunity for investors to capitalize on significant rental growth potential, enhancing long-term returns in this highly desirable neighborhood.
**Value-Add Paradise**: Unlock the full potential of this property and watch your investment soar. 6 out of the 24 units are ready for a savvy Investor to renovate and maximize rental income.
**Location, Location, Location**: Situated in a thriving area with strong economic growth and a bustling rental market, this property at 5555 W 8th St. promises not just a solid ROI but also long-term appreciation potential.
**Investment Security**: Rest easy knowing that this Multi-Family property offers not just high returns but also investment security.
**With a high percentage of month-to-month tenants, this property offers a lucrative chance for savvy investors to maximize their ROI. Don't miss out on the possibilities awaiting at 5555 W 8th St.!
**Cash Flow**: Prepare to reign supreme in cash flow with this investment gem. With current rents 35.43% below market rates, Mid-Wilshire presents a prime opportunity for investors to capitalize on significant rental growth potential, enhancing long-term returns in this highly desirable neighborhood.
**Value-Add Paradise**: Unlock the full potential of this property and watch your investment soar. 6 out of the 24 units are ready for a savvy Investor to renovate and maximize rental income.
**Location, Location, Location**: Situated in a thriving area with strong economic growth and a bustling rental market, this property at 5555 W 8th St. promises not just a solid ROI but also long-term appreciation potential.
**Investment Security**: Rest easy knowing that this Multi-Family property offers not just high returns but also investment security.
**With a high percentage of month-to-month tenants, this property offers a lucrative chance for savvy investors to maximize their ROI. Don't miss out on the possibilities awaiting at 5555 W 8th St.!
DATA ROOM Click Here to Access
PROPERTY FACTS
UNIT AMENITIES
- Air Conditioning
- Balcony
- Heating
- Kitchen
- Oven
- Tub/Shower
- Walk-In Closets
- Large Bedrooms
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Property Manager on Site
- Bicycle Storage
- Elevator
- Public Transportation
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 3 | $2,975 | 1,050 |
| 1+1.5 | 3 | $2,750 | 900 |
| 1+1 | 12 | $2,400 | 800 |
| Studios | 6 | $1,750 | 650 |
1 of 1
Walk Score®
Walker's Paradise (95)
PROPERTY TAXES
| Parcel Number | 5089-005-008 | Improvements Assessment | $778,799 |
| Land Assessment | $162,940 | Total Assessment | $941,739 |
ZONING
| Zoning Code | LAR4 (Multiple Dwelling) |
