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2241 W 14th St
Los Angeles, CA 90006
Great Value Add with 79% Upside · Multifamily Property For Sale
·
10 Units
Investment Highlights
- Massive Upside (79%) with a going in Cap Rate of 5.19% / 12.08% Pro Forma Cap Rate.
- Historically low vacant rates due to a strong demand for section 8 and government backed rental programs.
- Centrally located in the heart of Mid City.
- Low price per door $135K and $235 Per Foot and 10.07 GRM
Property Facts
| No. Units | 10 | Lot Size | 0.17 AC |
| Property Type | Multifamily | Building Size | 5,768 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1954 |
| Building Class | C | Parking Ratio | 1.39/1,000 SF |
| Zoning | R4-1, Los Angeles - Restricted Density Multiple Dwelling | ||
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 5,768 SF |
| No. Stories | 2 |
| Year Built | 1954 |
| Parking Ratio | 1.39/1,000 SF |
| Zoning | R4-1, Los Angeles - Restricted Density Multiple Dwelling |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Online Services
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | $2,000 | - |
Property Taxes
| Parcel Number | 5056-004-015 | Improvements Assessment | $532,705 |
| Land Assessment | $828,655 | Total Assessment | $1,361,360 |
Property Taxes
Parcel Number
5056-004-015
Land Assessment
$828,655
Improvements Assessment
$532,705
Total Assessment
$1,361,360
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