Listed by Miller & Desatnik Realty Corp
$1,800,000
1245 S Crescent Heights Blvd
Details
APN 5087-015-019
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,638
Net Rentable (SqFt) 4,638
Units 4
Cap Rate 4.19%
NOI $75,484
Tenancy Multi
Pro-Forma Cap Rate 4.71%
Pro-Forma NOI $84,796
Price per SqFt $388
Year Built 1936
Buildings 1
Lot Size (SqFt) 6,438
Zoning LARD1.5
Investment Type Stabilized
Multifamily | 4 Units | $450,000/unit
Marketing description
1245 S Crescent Heights Blvd is a 4-unit multifamily investment property located in Los Angeles, CA 90035. Built in 1936, the property offers approximately 4,638 net rentable square feet on a lot of approximately 6,438 square feet. The property consists of 2 two-bedroom/one-bath units and 2 one-bedroom/one-bath units, generating current annual scheduled gross income of $115,200 with market potential of $124,800. With a current cap rate of 4.19% and market cap rate of 4.71%, this represents a solid multifamily investment opportunity in the Los Angeles market.
Investment highlights
- 4-unit multifamily property in Los Angeles
- Current cap rate of 4.19% with market cap rate potential of 4.71%
- Current annual gross income of $115,200 with market potential of $124,800
- Mix of 2 two-bedroom and 2 one-bedroom units
- Below-market rents provide value-add opportunity
- Zoned LARD1.5 on approximately 6,438 square foot lot
Listing Contacts
Listed by Miller & Desatnik Realty Corp
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$75,484.00
$6,290.33/mo
Valuation Metrics
0
DSCR
4.19%
Cap Rate
4.19%
ROI
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