Listed by CRE Advisory Service
$964,000
5-Unit Apartment | 6.0% Cap Rate | Harvard Heights
Details
APN 5075-013-001
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,706
Net Rentable (SqFt) 4,706
Units 5
Cap Rate 6.00%
NOI $57,846
Occupancy 100%
Tenancy Multi
Rent Bumps Yes
Pro-Forma Cap Rate 10.61%
Price per SqFt $205
Year Built 1900
Year Renovated 2025
Buildings 2
Lot Size (SqFt) 7,798
Zoning LAR2
Parking Spaces 6 spaces
Parking per 1,000 SqFt 1.27
Investment Type Value Add
Ownership Fee Simple
Price Reduced | Value-Add 5-Unit Apartment | 6.0% Current Cap
Investment highlights
- Highly populated residential area (close to Korea Town and Downtown Los Angeles)
- High demand area for rental properties
- Recent renovations and repairs (LAHD approved)
- Number of units: 5 including 1 stand-alone unit.
- Gas & Electricity separately metered for all units
- Luxury Vinyl Plank (LVP) and Wood-Style Flooring Throughout Renovated Units
- Fully Occupied
- Exceptionally Stable Tenant Base with Several Tenancies Exceeding 30 Years
- Relatively large lot: 7,798 SF
- Harvard Heights Historic Preservation Overlay Zone (HPOZ)
- Substantial Value-Add Opportunity Through Future Rent Growth and Tenant Turnover.
Listing Contacts
Listed by CRE Advisory Service
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$57,846.00
$4,820.50/mo
Valuation Metrics
0
DSCR
6%
Cap Rate
6%
ROI
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