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1040 S Lake St
Los Angeles, CA 90006
Multifamily Property For Sale
·
8 Units
Investment Highlights
- VALUE ADD OPPORTUNITY - four units vacant and still over 30% rental upside after lease-up of vacancies
- RENT INCREASES - Immediate 5%+CPI rental increase allowed on occupied units
- PARKING - Ample on-site parking with 14 total spaces (all side by side)
- NO LA RENT CONTROL - Not Subject to Los Angeles City Rent Control (RSO)
- EXCELLENT RARE UNIT MIX – four (4) large 2bed+2bath units and four (4) large 3bed+2bath units
- PRIME LOCATION – Very Close Proximity to Downtown Los Angeles
Property Facts
| No. Units | 8 | Building Size | 7,392 SF |
| Property Type | Multifamily | Average Occupancy | 50% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1988 |
| Building Class | C | Parking Ratio | 1.49/1,000 SF |
| Lot Size | 0.17 AC | ||
| Zoning | LAR4 | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 7,392 SF |
| Average Occupancy | 50% |
| No. Stories | 3 |
| Year Built | 1988 |
| Parking Ratio | 1.49/1,000 SF |
| Zoning | LAR4 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 4 | $2,700 | - |
| 3+2 | 4 | $3,100 | - |
Property Taxes
| Parcel Number | 5136-013-013 | Improvements Assessment | $339,924 |
| Land Assessment | $339,924 | Total Assessment | $679,848 |
Property Taxes
Parcel Number
5136-013-013
Land Assessment
$339,924
Improvements Assessment
$339,924
Total Assessment
$679,848
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