Listed by Dream Realty
$1,989,000
4015-4019 W Olympic Blvd
Details
APN 5092-004-023
Property Type Mixed Use, Multifamily
Sub Type Apartment Building, Storefront
Square Footage 3,575
Net Rentable (SqFt) 3,575
Units 6
Cap Rate 4.6%
NOI $91,404
Occupancy 100%
Broker Co-Op Yes
Year Built 1922
Stories 2
Lot Size (SqFt) 5,184
Zoning C2
Investment Type Value Add
Sale Condition 1031 exchange
Mixed-use 2 retail with 4 residential spaces on busy street
Marketing description
Mixed-use retail/residential spaces. With a total of 2 retail units and 4 studios, this property spans approximately 4,907 SF on a land area of around 3,485 SF. The historical charm of this 1922-built property is complemented by a prime location and a favorable C2 zoning. Current income flows from well-established tenants include Eye Lab and Sign in the retail spaces, with studios generating steady rental revenues. The property's desirable location and potential for increased revenue make it an attractive investment with a current cap rate of 4.6%. Comparable sales in the area highlight the competitive pricing and value offered by this property. For savvy investors seeking a distinctive opportunity in a bustling area of Los Angeles
Listing Contacts
Listed by Dream Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$91,404.00
$7,617.00/mo
Valuation Metrics
0
DSCR
4.6%
Cap Rate
4.6%
ROI
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