6501 S Vermont Avenue, Los Angeles, CA
Multi-family for Sale - $1,295,000 - 8,734 Sq. Ft. on 3921 acres
Property Info
| CIMLS# | 752181 |
| Location 6501 S Vermont Avenue Los Angeles CA 90044 | |
| Updated | October 10th, 2014 |
| Type | Multi-family |
| Price | $1,295,000 |
| Building | 8,734 Sq. Ft. |
| Land | 3921 acres |
Property Description
Excellent Financial Indicators
7.9 X Gross!
6.2% CAP Rate
16.65% annual internal rate of return over 5 years (calculated based upon current income and expense plus annual CPI increases)
$64,750 Price Per Unit
20 Units
3 story, 8734 sq.ft. wood frame and stucco building built in 1928.
There are 18 single units and 2 1 Bedroom/1 Bathroom units.
Estimated 15% to 20% upside in current rents.
The building is currently master metered for gas and electric, which provides the opportunity for a new owner to separately meter or sub-meter the utilities to reduce the expenses and increase the net income.
Excellent corner location with very good visibility and high traffic count
Financials
CAP RATE: 5.82% (PRO FORMA) 7.29% (MARKET)
GRM: 7.99 (PRO FORMA) 6.96 (MARKET)
COC: 6.03% (PRO FORMA) 10.95% (MARKET)
