Listed by Miller & Desatnik Realty Corp
$5,250,000
617 N. Orange Drive
Details
APN 5525-018-024
Property Type Multifamily
Sub Type Apartment Building
Square Footage 15,000
Net Rentable (SqFt) 15,000
Units 20
Cap Rate 4.49%
NOI $235,808
Price per SqFt $350
Year Built 1964
Buildings 1
Stories 2
Lot Size (SqFt) 13,377
Zoning LARD1.5
Parking Spaces 22 spaces
Parking per 1,000 SqFt 1.47
Multifamily | 20 Units | $262,500/unit
Marketing description
20-unit Los Angeles multifamily opportunity featuring 2.69% interest-only assumable financing through December 2030. The property offers strong in-place income with an approx. cash on cash return above 6.7%, a 12.31 GRM and 4.49% cap rate, equating to approximately $262,500 per unit and $350 per square foot. Comprised entirely of one-bedroom, one-bath units, the asset is well positioned in a supply-constrained rental submarket with consistent demand. Built in 1964, the property provides operational scale and value-add potential through interior renovations. Favorable assumable financing enhances cash flow and reduces acquisition financing risk.
Listing Contacts
Listed by Miller & Desatnik Realty Corp
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$235,808.00
$19,650.67/mo
Valuation Metrics
0
DSCR
4.49%
Cap Rate
4.49%
ROI
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