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3517 Montclair St 8 Unit Apartment Building $1,525,000 ($190,625/Unit) 6.83% Cap Rate Los Angeles, CA 90018
Executive Summary
PRICE $1,525,000
CURRENT CAP RATE 6.83
PROFORMA CAP RATE 8.39% (w $15K/unit capex)
BUILDING SF 5,496 SF
LOT SIZE 10,994 SF
UNIT MIX Eight 1 Bed/1 Bath Units
PRICE/SF (BLDG) $277
PRICE/UNIT $190,625
YEAR BUILT 1923
GRM 10.40
MARKET GRM 8.39
ZONING R1-1-O-HPOZ
*Two vacant garages ideal for ADU conversion or to provide additional income by leasing them as storage or additional parking.
CURRENT CAP RATE 6.83
PROFORMA CAP RATE 8.39% (w $15K/unit capex)
BUILDING SF 5,496 SF
LOT SIZE 10,994 SF
UNIT MIX Eight 1 Bed/1 Bath Units
PRICE/SF (BLDG) $277
PRICE/UNIT $190,625
YEAR BUILT 1923
GRM 10.40
MARKET GRM 8.39
ZONING R1-1-O-HPOZ
*Two vacant garages ideal for ADU conversion or to provide additional income by leasing them as storage or additional parking.
Property Facts
| Price | $1,525,000 | Property Subtype | Apartment |
| Price Per Unit | $190,625 | Apartment Style | Garden |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 6.83% | Lot Size | 0.25 AC |
| Gross Rent Multiplier | 10.4 | Building Size | 5,496 SF |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1923 |
| Zoning | R1 - Single Family Residential | ||
| Price | $1,525,000 |
| Price Per Unit | $190,625 |
| Sale Type | Investment |
| Cap Rate | 6.83% |
| Gross Rent Multiplier | 10.4 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 5,496 SF |
| No. Stories | 2 |
| Year Built | 1923 |
| Zoning | R1 - Single Family Residential |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Public Transportation
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | 700 |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Good public transit
60/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 5051-017-007 | Improvements Assessment | $49,923 |
| Land Assessment | $53,694 | Total Assessment | $103,617 |
Property Taxes
Parcel Number
5051-017-007
Land Assessment
$53,694
Improvements Assessment
$49,923
Total Assessment
$103,617
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