Gage Ave & Grand Ave Property | 6210 S Grand Ave
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Gage Ave & Grand Ave Property 6210 S Grand Ave
5 Unit Apartment Building $1,699,547 CAD ($339,909 CAD/Unit) 5.79% Cap Rate Los Angeles, CA 90003
Investment Highlights
- Standard multi-family building.
Executive Summary
The corner property has two addresses: House = 340 w. 62nd St & 4 units = 6210 Grand Ave. All units are 2 bedrooms & 1 bath.
The house & 2 units had been upgraded. The property is very private secured gates & fences with lock access.
Property is well-maintained. Property has camera system in common area and parking areas.
Property has many lights and well led at night. Total 10 parking space, 4 parking spaces in the front & 6 parking in the back.
Each unit has 2 parking spaces.
Tenants do Not know property is for sale. Do not walk inside building without listing agent present.
Drive by only. Offer subject to inspection.
Unit 6210 Grand Ave # 4, per court ordered tenants must vacated by Sept 6, 2023 ( this unit will be deliver vacant at close of escrow )
Sellers have Not increase rent last 3 years.
Please submit offer with proof of funds, credit report and lender pre-approval letter to : tony@tonyleeco.com
The house & 2 units had been upgraded. The property is very private secured gates & fences with lock access.
Property is well-maintained. Property has camera system in common area and parking areas.
Property has many lights and well led at night. Total 10 parking space, 4 parking spaces in the front & 6 parking in the back.
Each unit has 2 parking spaces.
Tenants do Not know property is for sale. Do not walk inside building without listing agent present.
Drive by only. Offer subject to inspection.
Unit 6210 Grand Ave # 4, per court ordered tenants must vacated by Sept 6, 2023 ( this unit will be deliver vacant at close of escrow )
Sellers have Not increase rent last 3 years.
Please submit offer with proof of funds, credit report and lender pre-approval letter to : tony@tonyleeco.com
Financial Summary (Actual - 2022) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| 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 (Actual - 2022) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,699,547 CAD | Property Subtype | Apartment |
| Price Per Unit | $339,909 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.19 AC |
| Cap Rate | 5.79% | Building Size | 4,112 SF |
| Sale Conditions | 1031 Exchange | Average Occupancy | 80% |
| Gross Rent Multiplier | 13.23 | No. Stories | 2 |
| No. Units | 5 | Year Built/Renovated | 1915/2018 |
| Property Type | Multifamily |
| Price | $1,699,547 CAD |
| Price Per Unit | $339,909 CAD |
| Sale Type | Investment |
| Cap Rate | 5.79% |
| Sale Conditions | 1031 Exchange |
| Gross Rent Multiplier | 13.23 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 4,112 SF |
| Average Occupancy | 80% |
| No. Stories | 2 |
| Year Built/Renovated | 1915/2018 |
Unit Amenities
- Vinyl Flooring
Site Amenities
- Fenced Lot
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 5 | $2,268 CAD | 822 |
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Walk Score ®
Very Walkable (78)
Bike Score ®
Very Bikeable (74)
PROPERTY TAXES
| Parcel Number | 6005-003-044 | Total Assessment | $1,257,863 CAD (2024) |
| Land Assessment | $722,910 CAD (2024) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $534,953 CAD (2024) | Tax Year | 2022 |
PROPERTY TAXES
Parcel Number
6005-003-044
Land Assessment
$722,910 CAD (2024)
Improvements Assessment
$534,953 CAD (2024)
Total Assessment
$1,257,863 CAD (2024)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2022
zoning
| Zoning Code | LAR2 (Four Units (Any Combination) - 4 Stories or Less) |
| LAR2 (Four Units (Any Combination) - 4 Stories or Less) |
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Infinity Real Estate Opportunity Fund I LLC
Gage Ave & Grand Ave Property | 6210 S Grand Ave
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