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2901 Somerset Dr
Los Angeles, CA 90016
Multifamily Property For Sale
·
6 Units
INVESTMENT HIGHLIGHTS
- West Adams Spanish 6unit 2story Building
EXECUTIVE SUMMARY
Just reduced! Well-maintained Spanish-style 6-unit building located in the desirable Mid-City/West Adams neighborhood between Adams and Jefferson Blvd. The majority of units have been updated within the past 7 years and feature modern kitchens, renovated baths, in-unit washer/dryers, and central air & heat. The property sits on a prominent corner lot with two separate buildings (Somerset and 29th St. addresses) and offers three garage spaces, three additional parking spots, and extra storage.
PROPERTY FACTS
| Price Per Unit | $274,833 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 7.03% | Building Size | 5,034 SF |
| Gross Rent Multiplier | 10.57 | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1929 |
| Property Subtype | Apartment | Parking Ratio | 0.6/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | LARD2 | ||
| Price Per Unit | $274,833 |
| Sale Type | Investment |
| Cap Rate | 7.03% |
| Gross Rent Multiplier | 10.57 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 5,034 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1929 |
| Parking Ratio | 0.6/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | LARD2 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | $1,337 | 1,000 |
| 2+1 | 2 | $1,079 | 1,000 |
| 2+1.5 | 2 | $2,698 | 1,000 |
| 2+2 | 1 | $2,500 | 800 |
PROPERTY TAXES
| Parcel Number | 5050-020-001 | Improvements Assessment | $430,869 |
| Land Assessment | $376,811 | Total Assessment | $807,680 |
PROPERTY TAXES
Parcel Number
5050-020-001
Land Assessment
$376,811
Improvements Assessment
$430,869
Total Assessment
$807,680
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