| Type: | Multifamily
Garden/Low-Rise |
| No. Units: | 29 |
| Building Size: | 22,664 SF |
| Lot Size: | 16,688 SF |
| Occupancy: | 100.00% |
| Price: | $4,500,000 |
| Price/Unit: | $155,172 |
| GRM: | 12.00 |
| Cap Rate: | 5.20% |
| Year Built: | 1992 |
Property Description:
The Apartments is a 29 unit, non rent-control apartment complex built in 1992 and located in Los Angeles, CA. The improvements consist of a well-maintained, three-story structure built on 16,688 square feet of land. According to county records, the total square footage of the building is 22,664. The building consists of large units, gated entries, close circuit security system, adequate and secure parking, laundry facilities, and elevators.
The unit mix consists of four one bedroom one bath units, seventeen two bedroom one bath units, seven two bedroom two bath units, and one three bedroom two bath unit. In addition, eight of the two bedroom units contain balconies for more living space.
Financial Summary Actual
| Year: | 2008 |
| Scheduled Gross Income: | $374,616 |
| Effective Gross Income: | $364,501 |
| Operating Expenses: | $130,463 |
| Net Operating Income: | $234,038 |
Unit Mix Information
| One Bedroom + One Bath |
No. Units: 4
Avg. Mo. Rent: $956
|
| |
| Two Bedroom + One Bath |
No. Units: 17
Avg. Mo. Rent: $1,034
|
| |
| Two Bedroom + Two Bath |
No. Units: 7
Avg. Mo. Rent: $1,145
|
| |
| Three Bedroom + Two Bath |
No. Units: 1
Avg. Mo. Rent: $1,280 |
No Debt & Equity Information Provided
