16 Units+ SFR 602-608 W 75th St 17 Unit Apartment Building $4,721,244 CAD ($277,720 CAD/Unit) 7.17% Cap Rate Los Angeles, CA 90044
INVESTMENT HIGHLIGHTS
- Excellent current cap rate offering investor cash flow day one with huge upside potential
- 2 adjacent parcels on a lage 14,002 square foot lot that is zoned LAR3
- Great unit mix consisting of (11) 1 Bed / 1 Bath, (4) 2 Bed / 1 Bath, (1) 3 Bed / 1 Bath, and a 4 Bed / 2 bath single family home on the adjacent par
- Strategically located in an area that has seen growth and is located in close proximity to the major business hubs of Los Angeles
EXECUTIVE SUMMARY
Part of a 4 Building Portfolio! Can be sold individually or as a portfolio. 602 W 75th is a 16 unit and an adjacent single family home on a separate parcel in South LA. The subject property offers an investor a great unit mix consisting of (11) 1 Bed / 1 Bath, (4) 2 Bed / 1 Bath, (1) 3 Bed / 1 Bath, and a 4 bed / 2 bath single family home on the adjacent parcel. The total gross leasable area of both properties consists of 11,152 square feet and sits on a large 14,002 square lot that is zoned LAR3.
PROPERTY FACTS
| Price | $4,721,244 CAD |
| Price Per Unit | $277,720 CAD |
| Sale Type | Investment |
| Cap Rate | 7.17% |
| Gross Rent Multiplier | 8.19 |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 11,152 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1929/2001 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 11 | $3,140 CAD | 575 |
| 2+1 | 4 | $3,999 CAD | 700 |
| 3+1 | 1 | $4,571 CAD | 905 |
| 4+2 | 1 | $5,143 CAD | 1,120 |
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PROPERTY TAXES
| Parcel Number | 6020-021-005 | Improvements Assessment | $889,774 CAD |
| Land Assessment | $2,078,272 CAD | Total Assessment | $2,968,046 CAD |
ZONING
| Zoning Code | LAR3 |
