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1801-1805 W 5th St
Los Angeles, CA 90057
Multifamily Property For Sale
·
9 Units
Investment Highlights
- Extensively Upgraded: All systems and cosmetics heavily upgraded in the past 10 years (Roof, Plumbing, Electric, etc.) and going in CAP of 5.76.
- Excellent on-site parking for 12 cars, offering desirability for tenants and ADU potential.
- Development Upside: LAR4 with TOC Tier 3 and TOIA T-2 density bonuses, along with ED1 eligibility.
Executive Summary
1801-1805 W 5th St. totals 9 unit across two structures, APNs: 5154-024-002 | 5154-024-001, a 1900 duplex at 1801 w 5th St. and a 1941 7 unit located at 1805 W 5th St all having been extensively upgraded. All major systems and cosmetics have been upgraded in the past 10 years including the electric, roof, plumbing, interiors, and more. The property also offers fantastic development upside as the property sits on a 12,002 sq. ft. double lot zoned LAR4 with TOC Tier 3and TOIA T-2 density bonuses, along with ED1 eligibility. This zoning allows an investor to build up to 63 units by right.
Property Facts
| Price Per Unit | $236,222 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.27 AC |
| Cap Rate | 5.76% | Building Size | 12,002 SF |
| Gross Rent Multiplier | 10.76 | Average Occupancy | 100% |
| No. Units | 9 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1941 |
| Property Subtype | Apartment | Parking Ratio | 1.5/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R4 - TOC Tier 3, TOIA T-2, ED1 Eligible | ||
| Price Per Unit | $236,222 |
| Sale Type | Investment |
| Cap Rate | 5.76% |
| Gross Rent Multiplier | 10.76 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.27 AC |
| Building Size | 12,002 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1941 |
| Parking Ratio | 1.5/1,000 SF |
| Zoning | R4 - TOC Tier 3, TOIA T-2, ED1 Eligible |
Amenities
Unit Amenities
- Air Conditioning
- Granite Countertops
- Double Pane Windows
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 2+1 | 5 | - | - |
| 1+1 | 3 | - | - |
Property Taxes
| Parcel Numbers | Improvements Assessment | $437,724 | |
| Land Assessment | $411,246 | Total Assessment | $848,970 |
Property Taxes
Parcel Numbers
Land Assessment
$411,246
Improvements Assessment
$437,724
Total Assessment
$848,970
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