Property Details

4009 Stevely Ave
Los Angeles, CA 90008

Price
$4,995,000
GRM
15.71  
GSI
$317,964  
NOI
$201,868  
CAP Rate
4.07  
Units
18  
Price/unit
$277,500  
Square Footage
16,875  
Price/sqft
$296  
Lot Size (sqft)
160,000  
Year Built
1962  

Property Description

18 Unit building in a high demand rent area provides very little turnover and long term cash flows. Current rents are ± 24% under market rates which. All earthquake retro fitting has been completed! Extensively upgraded and modernized units including all major capital expense items such as plumbing, electrical, HVAC's, painting, electric entry gate, decking, doors and dual pane windows.

(1) Studio, (3) 1+1 Units, (13) 2+2 Units, (1) 3+2 Unit Fully assumable loan @ 4.07% for another 4.5 years at ± $2,700,000. Existing gross scheduled income (GSI) is $317,946.00, assuming a new investor brought all units to up to market rents, assumed annual GSI would be ± $423,840.00.


Unit Composition

QtyBedroomsBathrooms
41 Bedroom1 Bath
132 Bedroom2 Bath
13 Bedroom2 Bath

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