Listed by Matthews
$3,400,000
15121 Van Buren
Details
APN 10718008
Property Type Multifamily
Sub Type Apartment Building
Square Footage 7,776
Net Rentable (SqFt) 7,776
Units 8
Cap Rate 5.43%
NOI $184,684
Occupancy 100%
Pro-Forma Cap Rate 6.8%
Pro-Forma NOI $231,053
Price per SqFt $437
Broker Co-Op Yes
Class B
Year Built 1945
Buildings 2
Stories 1
Acreage 0.370
Zoning Assessor
Investment Type Stabilized
Ownership Fee
18 Units | Midway City | Single Story
Marketing description
Only $188,888 Per Unit! 5.4% CAP! Reduced Price! We are pleased to present 15121 Van Buren St in the strong Midway City rental market. This garden-style 100% single-story complex is in great condition thanks to quality management and a strong pride of ownership. Comprised of sixteen studios and two one-bed one-bath units, the beautifully landscaped grounds are adorned with white rose bushes and gated pedestrian entry at both ends. The building exterior has newer double pane vinyl windows, pitched shingle roofs and concrete parking surfaces. The building is also separately metered for gas and electricity and has an on-site laundry facility for residents use. Each unit has a separate hot water heater and security screen door. All units have upgraded electrical panels installed. The strong Midway City location at Beach Blvd and the 405 Freeway offers an investor the ability to attract quality residents seeking a well-located residence with convenient access to a wide variety of activities and retail amenities. Nearby are Costco Wholesale, Whole Foods Market, Target, Bella Terra, Old World Village, Harbor Freight, Star View Elementary School, Leo Carrillo Elementary School, Vista View Middle School, Park West, and Russell C Paris Park. 100% single-story low-density complex, located in the strong Midway City rental market with excellent curb appeal. Beautifully landscaped with white rose bushes, courtyard fountains, and gated pedestrian access on both ends. The building has pitched composition shingle roofs, concrete parking surfaces with additional street parking, separate gas
Investment highlights
- Reduced! Only $188,888 Per Unit Now, 5.43% CAP Rate!
- 100% single-story low-density complex, located in the strong Midway City rental market with excellent curb appeal.
- Beautifully landscaped with white rose bushes, courtyard fountains, and gated pedestrian access on both ends.
- The building has pitched composition shingle roofs, concrete parking surfaces with additional street parking, separate gas and electric meters, individual water heaters, security screen doors, new electrical subpanels, and an on-site laundry facility.
- Centrally located at the I-405 and Beach Blvd, the property is within a mile of Costco Wholesale, Whole Foods Market, Target, Bella Terra, Old World Village, Harbor Freight, multiple parks and schools, and surrounded by a variety of shopping centers and entertainment options.
Listing Contacts
Listed by Matthews
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$184,684.00
$15,390.33/mo
Valuation Metrics
0
DSCR
5.43%
Cap Rate
5.43%
ROI
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