Listed by CBM1 West Los Angeles
$2,500,000
67 Street Bungalows
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 5,400
Units 10
Cap Rate 4.98%
NOI $124,527
Occupancy 100%
Price per SqFt $463
Year Built 1924
Year Renovated 2018
Buildings 1
Stories 1
Multifamily | 10 Units | $250,000/unit
Marketing description
The residential building is a 10-unit income-restricted one-story garden-style complex constructed in 1924 (renovated). The building is comprised entirely of studio apartments with an average of 305 square feet. Tenants qualify based on income restrictions outlined in a Master Rent Subsidy Agreement dated June 9, 2016, between WiGro LLC and Brilliant Corners (BC). This agreement was facilitated through the FHSP (Flexible Housing Subsidy Pool) program, which is funded, in part, by the County of Los Angeles and the DHS (Department Health Services). The Owner elected to reserve the BC Units within the subject for tenants referred to the Owner by BC pursuant to the FHSP.
Listing Contacts
Listed by CBM1 West Los Angeles
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$124,527.00
$10,377.25/mo
Valuation Metrics
0
DSCR
4.98%
Cap Rate
4.98%
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
