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3994 S Wilton Pl 8 Unit Apartment Building $2,595,000 ($324,375/Unit) 5.86% Cap Rate Los Angeles, CA 90062
EXECUTIVE SUMMARY
Located in the Leimert Park neighborhood, the subject property is centrally located offering quick access to premium entertainment such as The LA Memorial Coliseum and The Natural History Museum. The property is located a few miles from USC which provides access to a strong student rental market. The building has a diverse mix of 4 two-bedroom, and four studio units. Seven of the eight units have been completely remodeled with brand new electrical, plumbing, and mechanical. These units are also completely sub-metered for gas, electrical, and water resulting in an extremely low utility expense which is rare in the Los Angeles market. Due to the renovations the expense profile of the property is extremely low, and will allow for strong cash flow immediately.
PROPERTY FACTS
| Price | $2,595,000 | Building Class | C |
| Price Per Unit | $324,375 | Lot Size | 0.20 AC |
| Sale Type | Investment | Building Size | 4,800 SF |
| Cap Rate | 5.86% | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1923 |
| Property Subtype | Apartment | Parking Ratio | 2.1/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | RD1.5, Los Angeles - Restricted Density Multiple Dwelling | ||
| Price | $2,595,000 |
| Price Per Unit | $324,375 |
| Sale Type | Investment |
| Cap Rate | 5.86% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 4,800 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1923 |
| Parking Ratio | 2.1/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RD1.5, Los Angeles - Restricted Density Multiple Dwelling |
AMENITIES
UNIT AMENITIES
- Microwave
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Gated
- Online Services
- Walk-Up
- Smoke Detector
1 1
Walk Score®
Very Walkable (77)
PROPERTY TAXES
| Parcel Number | 5035-006-011 | Improvements Assessment | $341,347 |
| Land Assessment | $910,261 | Total Assessment | $1,251,608 |
PROPERTY TAXES
Parcel Number
5035-006-011
Land Assessment
$910,261
Improvements Assessment
$341,347
Total Assessment
$1,251,608
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3994 S Wilton Pl
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