Listed by CBRE - South Bay
$5,199,000
6812 11th Ave
Details
APN 4006-026-041
Property Type Multifamily
Sub Type Apartment Building
Square Footage 23,874
Net Rentable (SqFt) 23,874
Units 26
Cap Rate 8.12%
NOI $422,300
Occupancy 80%
Pro-Forma Cap Rate 9.89%
Pro-Forma NOI $514,003
Price per SqFt $218
Year Built 1964
Buildings 1
Stories 3
Lot Size (SqFt) 20,473
Zoning R3
Investment Type Stabilized
26 Units | Part of 34 Unit Portfolio (can be sold separately) | 6 Cap | Build a 1/2 dozen ADUs (BTV)
Marketing description
An attractive 26 units - almost all are rehabbed. Newer windows and railings. Seismic completed. Diverse unit mix. Strong on-site and off-site management. Separately-metered and RUBS program. 'Leaner' annual expenses and less-likely to come out-of-pocket for cap ex, versus competing deals. Can likely add several ADUs, maybe as many as a half dozen!
Investment highlights
Very clean
Very steady
Well-managed and "easy" to run
Only minutes to SoFi, The Forum and Intuit Dome
Massive lot - build a 1/2 dozen ADUs (BTV)
Listing Contacts
Listed by CBRE - South Bay
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$422,300.00
$35,191.67/mo
Valuation Metrics
0
DSCR
8.12%
Cap Rate
8.12%
ROI
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