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5217 Denker Ave 6 Unit Apartment Building $1,225,000 ($204,167/Unit) 8.93% Cap Rate Los Angeles, CA 90062
INVESTMENT HIGHLIGHTS
- Solid South LA Location
- Brand New Copper Piping, Sewer Lines, Gas Lines, Wood Framing, and Electrical Subpanels and Wiring
- Fully Turn-Key Asset
- Strong Initial Cap Rate of 8.93%
- All Units are Renovated
- Streamlined Unit Mix - All One-Bedroom Units
EXECUTIVE SUMMARY
This fully turn-key multifamily asset is located in a solid South Los Angeles neighborhood. Offering a strong initial cash flow with an impressive 8.93% cap rate, the property features a streamlined unit mix of all one-bedroom units, each of which has been fully renovated. Significant capital improvements include brand new copper piping, new sewer and gas lines, updated electrical subpanels and wiring, and new wood framing with modern drywall. The gated and secure property also provides four on-site garages, presenting an excellent opportunity for ADU conversion under SB1211. With dominant access to major commercial corridors such as Normandie Ave, Slauson Ave, and Western Ave, as well as proximity to the 110 Freeway and Harvard Park, this asset benefits from strong connectivity and livability.
This rare combination of a strong 8.93% cap rate and extensive recent capital improvements makes this a compelling investment opportunity with immediate cash flow and long-term value appreciation.
This rare combination of a strong 8.93% cap rate and extensive recent capital improvements makes this a compelling investment opportunity with immediate cash flow and long-term value appreciation.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS Under Contract
| Price | $1,225,000 | Apartment Style | Low-Rise |
| Price Per Unit | $204,167 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 8.93% | Building Size | 3,090 SF |
| No. Units | 6 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1923 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | LAR4 - high density multiple-family residential district | ||
| Price | $1,225,000 |
| Price Per Unit | $204,167 |
| Sale Type | Investment |
| Cap Rate | 8.93% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 3,090 SF |
| No. Stories | 1 |
| Year Built | 1923 |
| Opportunity Zone |
Yes |
| Zoning | LAR4 - high density multiple-family residential district |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
1 1
Walk Score®
Very Walkable (73)
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5217 Denker Ave
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