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1812 W 5Th St
Los Angeles, CA 90057
1812 W 5Th St · Multifamily Property For Sale
·
40 Units
Investment Highlights
- 40-unit apartment building located in a prime Westlake location just north of 6th street near McArthur Park and the Home Depot
- The property will be delivered with ten vacancies at the close of escrow
- Ease of management as the electric and gas utilities are separately metered.
- Built in 1927, this value-add investment presents the investor an opportunity to achieve a 36% upside in rents after renovations when the units turn
- The subject property is being offered at a 4.77% current cap rate and a 11.17 GRM on current income
- There is a RUBS program in-place for future tenants of water and sewer partial reimbursement
Property Facts
| No. Units | 40 | Lot Size | 0.17 AC |
| Property Type | Multifamily | Building Size | 22,340 SF |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 1927 |
| Building Class | C | ||
| Zoning | R4-1 | ||
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 22,340 SF |
| No. Stories | 4 |
| Year Built | 1927 |
| Zoning | R4-1 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Property Manager on Site
- Tenant Controlled HVAC
- Online Services
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 32 | $1,076 | - |
| 1+1 | 8 | $1,351 | - |
Property Taxes
| Parcel Number | 5154-025-010 | Improvements Assessment | $1,777,523 |
| Land Assessment | $3,565,658 | Total Assessment | $5,343,181 |
Property Taxes
Parcel Number
5154-025-010
Land Assessment
$3,565,658
Improvements Assessment
$1,777,523
Total Assessment
$5,343,181
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