The Virtual Realty Group
Listed by The Virtual Realty Group
$1,200,000
Pocket Listing: 5-unit Apt in Los Angeles, CA
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,813
Units 5
Pro-Forma Cap Rate 7.34%
Pro-Forma NOI $88,140
Price per SqFt $315
Stories 2
Zoning R-3
Parking Spaces 4 spaces
Parking Per SqFt 1.05
Sale Condition For sale by owner
VACANT 5-Unit Apt Near SoFi Stadium Los Angeles, CA
Marketing description
Nearby address used to maintain anonymity. Contact for details.
Fully vacant five-unit apartment building offering immediate value-add potential
Unit mix consists of two 2-bed/1-bath units and three 1-bed/1-bath units
Excellent opportunity to renovate and establish market rents from day one
Two on-site garages with potential for ADU conversion to create additional income (buyer to verify)
Located in a high-demand rental area with strong long-term appreciation potential
Investment highlights
After Renovated / Market-Max Scenario
2-bed: $2,500 × 2 = $5,000
1-bed: $2,100 × 3 = $6,300
Total Monthly Rent: ≈ $11,300
Total Annual Rent: ≈ $135,600
Listing Contacts
The Virtual Realty Group
Listed by The Virtual Realty Group
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