This Multifamily Property is no longer advertised on LoopNet.com.

1913 W 3rd St
Los Angeles, CA 90057
Attractive Value Metrics | 6.04% Cap Rate · Multifamily Property For Sale · 41 Units

Investment Highlights

  • Attractive value metrics of 6.04% Cap Rate | 9.75 GRM | $153,659 CPU
  • Solid day-1 cash flow and additional rental upside potential
  • Major electrical and unit upgrades
  • Excellent leverage quoted with attractive interest only financing
  • Ratio Utility Billing System (RUBS) in place for many units
  • Individually metered for gas and electric

Property Facts

No. Units 41
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.47 AC
Building Size 20,500 SF
No. Stories 2
Year Built/Renovated 1923/2021
Parking Ratio 6.08/1,000 SF
Zoning LAC2 - 0500 - 5 Or More Apts or Units

Amenities

Unit Amenities

  • Dishwasher
  • Microwave
  • Heating
  • Kitchen
  • Granite Countertops
  • Refrigerator
  • Oven
  • Sprinkler System
  • Range
  • Tub/Shower
  • Vinyl Flooring

Site Amenities

  • 24 Hour Access
  • Controlled Access
  • Laundry Facilities
  • Security System
  • Tenant Controlled HVAC
  • Gated
  • Trash Pickup - Curbside
  • Public Transportation
  • Smoke Detector

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 34 $1,190 -
1+1 7 $1,630 -

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 5154-020-026
  • 5154-020-025
Land Assessment
$5,553,000
Improvements Assessment
$617,000
Total Assessment
$6,170,000
  • Listing ID: 30543179

  • Date on Market: 1/5/2024

  • Last Updated:

  • Address: 1913 W 3rd St, Los Angeles, CA 90057

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