6616 S Figueroa St
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6616 S Figueroa St
3 Unit Apartment Building $1,249,000 ($416,333/Unit) 7.31% Cap Rate Los Angeles, CA 90003
Investment Highlights
- NO RENT CONTROLED, EACH TENANT PAY FOR:WATER, SEWER, TRASH AND ELECTRICITY
- FULLY GATED, LOW MAINTENACE
- NEAR TRANPORTATION, SCHOOLS, HOSPTALS, ETC.
Executive Summary
DRASTIC PRICE REDUCTION !! , NO RENT CONTROLLED !!, Three Bed. two bath townhouse style duplex on the front, one unit two bed. one bath on top of garages on the back , all units feature central air and heat, laminated and porcelain floors. Low maintenance property with separated metered for water, gas, and electricity (tenants pay for all utilities), owner only pays for common area lights and gate , one of a kind excellent investments with high Net Operating Income. A turn key property, Excellent conditions, no capital improvements necessary, buy and start immediately collecting rent. ADU potential by converting the garages on the back for extra income. Please do not disturb or contact tenants, seller is offering TWO VACANT UIITS !!
GRM and Cap Rate based of Pro-Forma
GRM and Cap Rate based of Pro-Forma
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$129,600
|
$38.03
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$129,600
|
$38.03
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $129,600 |
| Annual Per SF | $38.03 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $129,600 |
| Annual Per SF | $38.03 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $1,249,000 | Property Type | Multifamily |
| Price Per Unit | $416,333 | Property Subtype | Apartment |
| Sale Type | Investment | Apartment Style | Low Rise |
| Cap Rate | 7.31% | Lot Size | 0.10 AC |
| Sale Conditions | 1031 Exchange | Building Size | 3,408 SF |
| Gross Rent Multiplier | 10.37 | No. Stories | 2 |
| No. Units | 3 | Year Built | 2018 |
| Price | $1,249,000 |
| Price Per Unit | $416,333 |
| Sale Type | Investment |
| Cap Rate | 7.31% |
| Sale Conditions | 1031 Exchange |
| Gross Rent Multiplier | 10.37 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Lot Size | 0.10 AC |
| Building Size | 3,408 SF |
| No. Stories | 2 |
| Year Built | 2018 |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Disposal
- Heating
- Tile Floors
- Sprinkler System
- Double Pane Windows
Site Amenities
- Controlled Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 2 | $3,900 | - |
1 of 1
Walk Score ®
Very Walkable (77)
Bike Score ®
Very Bikeable (73)
zoning
| Zoning Code | LAC2 (Triplex) |
| LAC2 (Triplex) |
-
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6616 S Figueroa St
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