Listed by Miller & Desatnik Realty Corp
$2,750,000
14258 Dickens Street
Details
APN 2266-005-005
Property Type Multifamily
Sub Type Apartment Building
Net Rentable (SqFt) 5,464
Units 11
Cap Rate 4.55%
NOI $125,050
Price per SqFt $503
Year Built 1956
Buildings 1
Stories 2
Lot Size (SqFt) 10,783
Zoning LARD1.5
Parking Spaces 10 spaces
Multifamily | 11 Units | $250,000/unit
Marketing description
14258 Dickens Street presents an 11-unit multifamily investment opportunity featuring a well-maintained mid-1950s apartment building with solid structural fundamentals and clear repositioning potential.The property generates stable in-place income at an 11.87 GRM and 4.55% cap rate, equating to approximately $250,000 per unit and $503 per square foot.Significant upside exists through the implementation of a strategic renovation program focused on upgrading interior finishes and modernizing units while preserving the building's character. The asset offers a straightforward value-add opportunity through interior improvements and rent optimization in a consistently strong rental submarket.
Listing Contacts
Listed by Miller & Desatnik Realty Corp
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$125,050.00
$10,420.83/mo
Valuation Metrics
0
DSCR
4.55%
Cap Rate
4.55%
ROI
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