16 Units in Hollywood | 9.99 GRM & $137K/Unit | 5613 Virginia Ave
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16 Units in Hollywood | 9.99 GRM & $137K/Unit 5613 Virginia Ave
16 Unit Apartment Building $2,200,000 ($137,500/Unit) 5.15% Cap Rate Los Angeles, CA 90038
Investment Highlights
- Low Cost Per Unit at $138K & $194 Per Sq. Ft.
- Central Hollywood Location Close to 101 Freeway
- 9.99 GRM with Upside
- Great Unit Mix of Mostly One Bedroom Apartments
Executive Summary
5613 Virginia Ave is a 16-unit apartment community located in Hollywood. Situated on a prime location at Virginia Ave and N St Andrews Pl, 5613 Virginia Ave is currently being offered at $193.83/SF and 9.99 GRM on existing income. Built in 1929, 5613 Virginia Ave is a low-rise style building offering (5) Studio/One-Bathroom units and (11) One-Bedroom/One-Bathroom units.
Financial Summary (Pro forma - 2024) 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 (Pro forma - 2024) 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 | $2,200,000 | Apartment Style | Low Rise |
| Price Per Unit | $137,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 5.15% | Building Size | 11,350 SF |
| Gross Rent Multiplier | 9.99 | No. Stories | 2 |
| No. Units | 16 | Year Built | 1929 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment |
| Price | $2,200,000 |
| Price Per Unit | $137,500 |
| Sale Type | Investment |
| Cap Rate | 5.15% |
| Gross Rent Multiplier | 9.99 |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 11,350 SF |
| No. Stories | 2 |
| Year Built | 1929 |
| Opportunity Zone |
Yes |
Unit Amenities
- Air Conditioning
- Heating
- Carpet
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 5 | $1,093 | 400 |
| 1+1 | 11 | $1,254 | 700 |
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Walk Score ®
Walker's Paradise (92)
PROPERTY TAXES
| Parcel Number | 5536-007-017 | Total Assessment | $3,911,904 |
| Land Assessment | $2,601,000 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,310,904 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
5536-007-017
Land Assessment
$2,601,000
Improvements Assessment
$1,310,904
Total Assessment
$3,911,904
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
zoning
| Zoning Code | LAR3 |
| LAR3 |
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16 Units in Hollywood | 9.99 GRM & $137K/Unit | 5613 Virginia Ave
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