Listed by Keller Williams South Bay, Keller Williams Downtown Los Angeles
$1,350,000
1014 W 57th St
Details
APN 5002-018-010
Property Type Multifamily
Sub Type Apartment Building
Square Footage 6,938
Units 12
Cap Rate 6.54%
NOI $88,310
Occupancy 100%
Pro-Forma Cap Rate 9.13%
Pro-Forma NOI $123,215
Price per SqFt $195
Year Built 1928
Lot Size (SqFt) 4,558
South LA | 12 Apartment Units | $112K per Unit
Marketing description
1014 W. 547th Street is a 12-unit apartment building located in South Los Angeles. The opportunity consists of eleven (11) studio units and one (1) one-bedroom unit spread across 6,938 rentable square feet. Each unit is separately metered for electricity which will limit the overall operating costs for a new owner. Lastly, there is approximately 25% rental upside that can be achieved as units turnover.
Investment highlights
- Priced at $112,500 Per Unit
- Approximately 25% Rental Upside
- Almost Entirely Studio Units
- Located in South Los Angeles
- Offered at $194 Per Square Foot
Listing Contacts
Listed by Keller Williams South Bay, Keller Williams Downtown Los Angeles
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$88,310.00
$7,359.17/mo
Valuation Metrics
0
DSCR
6.54%
Cap Rate
6.54%
ROI
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