7516 S Western Ave
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7516 S Western Ave
6 Unit Apartment Building $1,350,000 ($225,000/Unit) 7.11% Cap Rate Los Angeles, CA 90047
Investment Highlights
- UNIT MIX: FOUR 1+1 & TWO 2+1 UNITS
- SURVEILANCE SYSTEM
- LARGE PARKING AREA WITH 6 SPACES
- TWO VACANT UNITS IN RENT READY CONDITION
- NEW BUILDING AND UNIT NUMBERS
- SEPERATELY METERED FOR GAS & ELECTRICITY
Executive Summary
The unit mix consists of four 1+1 and two 2+1 units. The investment consists of approximately 4,180 of rentable square feet and is situated on an approximately 5,494 square foot parcel. Recent property upgrades include new exterior lighting, new exterior building and unit numbers, an on-site surveillance system, and two rent ready vacant units. The building amenities include a large parking area with six total spaces, and the property is separately metered for both gas & electricity.
Call/email Griffin White for complete package. PLEASE NOTE THE FOLLOWING: 1) DO NOT DISTURB THE TENANTS 2) Interior Inspection/Books & Records Granted with an Accepted Offer. 3) Submit Proof of Funds & Pre-Qualification Letter with Offer. Broker/agent do not guarantee the accuracy of the square footage, lot size, development potential, or any other information concerning the conditions or features of the property provided by the Seller or obtained from public records or other sources. Buyer is advised to independently verify and complete own due diligence to verify accuracy of all information through physical and personal inspections and with appropriate professionals.
Call/email Griffin White for complete package. PLEASE NOTE THE FOLLOWING: 1) DO NOT DISTURB THE TENANTS 2) Interior Inspection/Books & Records Granted with an Accepted Offer. 3) Submit Proof of Funds & Pre-Qualification Letter with Offer. Broker/agent do not guarantee the accuracy of the square footage, lot size, development potential, or any other information concerning the conditions or features of the property provided by the Seller or obtained from public records or other sources. Buyer is advised to independently verify and complete own due diligence to verify accuracy of all information through physical and personal inspections and with appropriate professionals.
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 | - | - |
Operating Expenses | - | - |
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 | - |
Annual Per SF | - |
Operating Expenses | |
---|---|
Annual | - |
Annual Per SF | - |
Total Expenses | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Net Operating Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Property Facts
Price | $1,350,000 | Apartment Style | Low Rise |
Price Per Unit | $225,000 | Building Class | C |
Sale Type | Investment | Lot Size | 0.13 AC |
Cap Rate | 7.11% | Building Size | 4,180 SF |
Gross Rent Multiplier | 9.94 | No. Stories | 2 |
No. Units | 6 | Year Built | 1953 |
Property Type | Multifamily | Parking Ratio | 1.44/1,000 SF |
Property Subtype | Apartment |
Price | $1,350,000 |
Price Per Unit | $225,000 |
Sale Type | Investment |
Cap Rate | 7.11% |
Gross Rent Multiplier | 9.94 |
No. Units | 6 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Low Rise |
Building Class | C |
Lot Size | 0.13 AC |
Building Size | 4,180 SF |
No. Stories | 2 |
Year Built | 1953 |
Parking Ratio | 1.44/1,000 SF |
Unit Mix Information
Description | No. Units | Avg. Rent/Mo | SF |
---|---|---|---|
1+1 | 4 | - | - |
2+1 | 2 | - | - |
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Walk Score ®
Very Walkable (70)
PROPERTY TAXES
Parcel Number | 6018-016-014 | Improvements Assessment | $477,543 |
Land Assessment | $769,375 | Total Assessment | $1,246,918 |
PROPERTY TAXES
Parcel Number
6018-016-014
Land Assessment
$769,375
Improvements Assessment
$477,543
Total Assessment
$1,246,918
zoning
Zoning Code | C2 (Commercial) |
C2 (Commercial) |
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7516 S Western Ave
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