811 W 97th St

10 Unit Apartment Building $2,495,000 ($249,500/Unit) 7.49% Cap Rate Los Angeles, CA 90044

INVESTMENT HIGHLIGHTS

  • UNIT MIX: SIX 1+1 & FOUR 2+1 UNITS
  • NEW EXTERIOR PAINT AND LIGHTS
  • LARGE PARKING AREA WITH 10 SPACES
  • SEVEN UNITS HAVE BEEN RECENTLY RENOVATED
  • NEW BUILDING AND UNIT NUMBERS
  • SEPERATELY METERED FOR GAS & ELECTRICITY

EXECUTIVE SUMMARY

The unit mix consists of six 1+1 and four 2+1 units. The investment consists of approximately 6,670 of rentable square feet and is situated on an approximately 10,000 square foot parcel. Recent property upgrades include new exterior paint, new exterior lighting, new exterior building and unit numbers, and seven of the units have recently been renovated. The building amenities include a large parking area with ten total spaces, onsite laundry for additional income, and the property is separately metered for both gas & electricity. The unit mix consists of six 1+1 and four 2+1 units. The investment consists of approximately 6,670 of rentable square feet and is situated on an approximately 10,000 square foot parcel. Recent property upgrades include new exterior paint, new exterior lighting, new exterior building and unit numbers, and seven of the units have recently been renovated. The building amenities include a large parking area with ten total spaces, onsite laundry for additional income, 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. Seller is a licensed real estate broker in the state of California.

FINANCIAL SUMMARY (PRO FORMA - 2025) 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

PROPERTY FACTS

Price $2,495,000
Price Per Unit $249,500
Sale Type Investment
Cap Rate 7.49%
Gross Rent Multiplier 9.46
No. Units 10
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.23 AC
Building Size 6,670 SF
No. Stories 2
Year Built 1958
Parking Ratio 1.5/1,000 SF

UNIT AMENITIES

  • Tile Floors
  • Quartz Countertops

SITE AMENITIES

  • Controlled Access
  • Gated

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 6 - -
2+1 4 - -
Bike Score®
Very Bikeable (70)

PROPERTY TAXES

ZONING

Zoning Code LARD2 (Residential)
  • Listing ID: 34646954

  • Date on Market: 1/29/2025

  • Last Updated:

  • Address: 811 W 97th St, Los Angeles, CA 90044