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2221 Wall St
Los Angeles, CA 90011
Wall Street Apartment Portfolio · Multifamily Property For Sale
·
22 Units
Investment Highlights
- A Prime Transit Location: 22 Unit Multi-Family Opportunity with Below Market Rents
- Recent Capital Improvements: In 2018 Approx.$350,000 of Capital Improvements were Completed with Every Unit Being Down to the Studs
- Transit Oriented Community (Tier 3) Zoning Designation –In the Path of Future Development
- Substantial Value-Add Potential: Approximately 40% Rental Upside - Proforma CAP Rate of 6.04%, GRM of 9.84 and Cash-on-Cash Return of 8.57%
- New Bracing of Foundation, Adding a New Commercial Grade Water Heater, New Windows Entirely Throughout, and New Concrete was Done at 2221.
- 13 On-Site Parking Spots with Potential for More - Excellent Walk (91), Transit (88) and Bike (71) Score
Property Facts
| No. Units | 22 | Building Size | 12,729 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1929/2016 |
| Building Class | C | Parking Ratio | 0.94/1,000 SF |
| Lot Size | 0.41 AC | ||
| Zoning | LARD2 - LARD2 - TOC Tier 3 Zoning | ||
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.41 AC |
| Building Size | 12,729 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1929/2016 |
| Parking Ratio | 0.94/1,000 SF |
| Zoning | LARD2 - LARD2 - TOC Tier 3 Zoning |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 14 | $947.00 | - |
| 1+1 | 7 | $866.00 | - |
| 2+1 | 1 | $1,818 | - |
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,113,946 | |
| Land Assessment | $917,438 | Total Assessment | $2,031,384 |
Property Taxes
Parcel Numbers
Land Assessment
$917,438
Improvements Assessment
$1,113,946
Total Assessment
$2,031,384
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