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1115 W 111th St 6 Unit Apartment Building $1,180,000 ($196,667/Unit) 9.43% Cap Rate Los Angeles, CA 90044
EXECUTIVE SUMMARY
1115 W 111th St is a six-unit apartment building located in close proximity to downtown Los Angeles. These 6 units offer a great unit mix consisting of (4) 2-bed/1-bath, and (2) 1-bed 1-bath. This property also offers on-site parking for every unit. The rents are as follows: $2179(Section8), $2055, $2360(section8) $2239(section8), $1985(Section8), $1805(section8). Monthly total rent is $12,623. Please contact Mike Iryami at 310-753-8153 with any questions. Please make offers subject to interior inspection. All units are occupied and will remain occupied.
PROPERTY FACTS
| Price | $1,180,000 | Building Class | C |
| Price Per Unit | $196,667 | Lot Size | 0.21 AC |
| Sale Type | Investment | Building Size | 4,554 SF |
| Cap Rate | 9.43% | Average Occupancy | 100% |
| Gross Rent Multiplier | 7.7 | No. Stories | 2 |
| No. Units | 6 | Year Built | 1958 |
| Property Type | Multifamily | Parking Ratio | 1.98/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | LCR320U | ||
| Price | $1,180,000 |
| Price Per Unit | $196,667 |
| Sale Type | Investment |
| Cap Rate | 9.43% |
| Gross Rent Multiplier | 7.7 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 4,554 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1958 |
| Parking Ratio | 1.98/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | LCR320U |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
| 2+1 | 2 | - | - |
1 1
PROPERTY TAXES
| Parcel Number | 6076-014-005 | Improvements Assessment | $198,084 |
| Land Assessment | $1,127,892 | Total Assessment | $1,325,976 |
PROPERTY TAXES
Parcel Number
6076-014-005
Land Assessment
$1,127,892
Improvements Assessment
$198,084
Total Assessment
$1,325,976
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1115 W 111th St
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