Listed by Commercial Investment Strategies
$2,988,000
815 Lopez Lane
Details
APN 1-1-6-001-058-0000
Property Type Multifamily
Sub Type Apartment Building
Square Footage 5,808
Units 12
Cap Rate 7.88%
NOI $235,576
Occupancy 100%
Pro-Forma Cap Rate 8.11%
Pro-Forma NOI $242,464
Year Built 1916
Buildings 3
Stories 2
Lot Size (SqFt) 5,757
Zoning R-5
Multifamily | 7.88% CAP | 12 Units
Marketing description
Completely renovated inside and out, this 3-structure legal, non-conforming gem earns better than a 7.8% return (actual). Off-the-ground construction means repairs are simple! All 12 two-bedrooms are permitted & renovated with new electric, plumbing, kitchens, and bathrooms, windows, doors, new roofs, paint, and more. Separately metered for water, electric, and gas (not hooked up) mean recurring utility expenses for this excellent opportunity are close to zero. Private lane access runs with the property & includes 3 parking spaces that are rented out for add’l income.
Investment highlights
• Total Units: 12
• # of Buildings: 3
• Unit Type: Two-Bed
• Parking: 4
• Zoning: R-5
• Year Built: 1916
• 5,757sqft of Land
• 5,808sqft of Interior
Listing Contacts
Listed by Commercial Investment Strategies
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
$235,576.00
$19,631.33/mo
Valuation Metrics
0
DSCR
7.88%
Cap Rate
7.88%
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
