Listed by South Coast Commercial Inc, Willis Allen Real Estate
$9,995,000
4069-4077 Goldfinch
Details
APN 4444111400
Property Type Multifamily
Sub Type Apartment Building
Square Footage 15,620
Net Rentable (SqFt) 15,620
Units 21
Cap Rate 3.40%
NOI $333,990
Occupancy 100%
Pro-Forma Cap Rate 4.10%
Pro-Forma NOI $429,624
Price per SqFt $672
Broker Co-Op Yes
Year Built 1979
Buildings 1
Stories 3
Acreage 0.460
Zoning RM-3-7
Parking Spaces 31 spaces
Parking per 1,000 SqFt 1.98
Investment Type Value Add
Rare Mission Hills Opportunity | 21 Units | Condo Quality
Marketing description
Price reduced to $9,995,000. First time on the market—an exceptional and rare 21-unit, condo-quality asset in the heart of Mission Hills. This trophy investment offers immediate and substantial upside. Current rents are approximately $1,000 below market per unit, creating a clear path to increased cash flow. Positioned for a sophisticated value-add investor, the property presents multiple strategies to unlock value. These include potentially converting 16 garages into additional units (subject to approvals) or undertaking a full-scale renovation and repositioning to achieve premium market rents. Residents enjoy a highly desirable amenity package: gated entry, 15 open parking spaces, 16 garages, central AC/heat, private balconies and patios, 20 working fireplaces, elevator access, on-site laundry, and four expansive community BBQ/view decks. Ideally located at the end of Goldfinch Street in one of Mission Hills’ most sought-after pockets, this offering combines strong in-place fundamentals with long-term appreciation and exceptional rental demand—an irreplaceable opportunity to elevate income and secure a premier asset in a supply-constrained market.
Listing Contacts
Listed by South Coast Commercial Inc, Willis Allen Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$333,990.00
$27,832.50/mo
Valuation Metrics
0
DSCR
3.34%
Cap Rate
3.34%
ROI
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