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426-428 W 77th St 7 Unit Apartment Building $1,495,000 ($213,571/Unit) 9% Cap Rate Los Angeles, CA 90003
INVESTMENT HIGHLIGHTS
- 9% CAP rate - high return on investment
- Renovated units including : Kitchen, Bathrooms, Floor, Appliances Ext
- Extensive exterior Upgrade New Electrical, Pluming, Stucco, Paint.
- Low maintenance and easy to manage
- Fully Occupied and located in high tenant demanded area
- Close to schools, markets, transportations and Downtown LA
EXECUTIVE SUMMARY
High Revenue Potential: With its upgraded condition and desirable features, the property generates strong rental income, making it a lucrative investment
opportunity. The combination of low maintenance costs and high tenant demand ensures consistent and profitable returns.
Extensive Exterior Upgrades : The building underwent significant renovations, including the replacement of old stucco with new stucco and fresh paint, enhancing its appearance and durability. A new electrical panel was installed for improved safety and efficiency, while the roof was thoroughly inspected and repaired to ensure long-term structural integrity.
Modernized Interior: All units have been extensively remodeled, featuring updated electrical systems, new piping, renovated kitchens and bathrooms, and upgraded flooring. These enhancements provide a modern and comfortable living environment for tenants.
opportunity. The combination of low maintenance costs and high tenant demand ensures consistent and profitable returns.
Extensive Exterior Upgrades : The building underwent significant renovations, including the replacement of old stucco with new stucco and fresh paint, enhancing its appearance and durability. A new electrical panel was installed for improved safety and efficiency, while the roof was thoroughly inspected and repaired to ensure long-term structural integrity.
Modernized Interior: All units have been extensively remodeled, featuring updated electrical systems, new piping, renovated kitchens and bathrooms, and upgraded flooring. These enhancements provide a modern and comfortable living environment for tenants.
DATA ROOM Click Here to Access
- Offering Memorandum
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$184,008
|
$40.21
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$1,840
|
$0.40
|
| Effective Gross Income |
$182,168
|
$39.81
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$48,019
|
$10.49
|
| Net Operating Income |
$134,149
|
$29.32
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $184,008 |
| Annual Per SF | $40.21 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $1,840 |
| Annual Per SF | $0.40 |
| Effective Gross Income | |
|---|---|
| Annual | $182,168 |
| Annual Per SF | $39.81 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $48,019 |
| Annual Per SF | $10.49 |
| Net Operating Income | |
|---|---|
| Annual | $134,149 |
| Annual Per SF | $29.32 |
PROPERTY FACTS
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 7 | - | - |
1 1
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426-428 W 77th St
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