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1056 Dewey Ave 6 Unit Apartment Building $1,695,000 ($282,500/Unit) 5.31% Cap Rate Los Angeles, CA 90006
Executive Summary
No Rent control.
It is very clean and well-maintained units.
Located in prime KOREATOWN, highly walkable area.
It is very clean and well-maintained units.
Located in prime KOREATOWN, highly walkable area.
Property Facts
| Price | $1,695,000 | Apartment Style | Low-Rise |
| Price Per Unit | $282,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 5.31% | Building Size | 4,874 SF |
| Sale Condition | 1031 Exchange | No. Stories | 2 |
| Gross Rent Multiplier | 12.75 | Year Built | 1982 |
| No. Units | 6 | Parking Ratio | 1.23/1,000 SF |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment | ||
| Zoning | R4-2, Los Angeles | ||
| Price | $1,695,000 |
| Price Per Unit | $282,500 |
| Sale Type | Investment |
| Cap Rate | 5.31% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 12.75 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 4,874 SF |
| No. Stories | 2 |
| Year Built | 1982 |
| Parking Ratio | 1.23/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R4-2, Los Angeles |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 6 | - | - |
1 1
Very walkable
80/100
Moderately drivable
70/100
Strong public transit
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5078-013-014 | Improvements Assessment | $493,363 |
| Land Assessment | $267,007 | Total Assessment | $760,370 |
Property Taxes
Parcel Number
5078-013-014
Land Assessment
$267,007
Improvements Assessment
$493,363
Total Assessment
$760,370
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1056 Dewey Ave
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