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5441 Flemish Ln
Los Angeles, CA 90029
Flemish Lane Apartments · Multifamily Property For Sale
·
18 Units
Investment Highlights
- Opportunity for a major TOC Development and/or Density Bonus Project. An adjacent, similarly-sized lot, has recently received approval for 65 units.
- Lot covers 0.32-acres (13,723 Sq-Feet). The building is fully rented and there is upside potential to realize.
- This offering represents a Cap Rate of +6.3%. The 17 residential units are a mix of 1Bed-1Bath and 2Bed-1Bath units, along with 1 commercial unit.
- Investor may have option to add two ADUs to the 5421 parcel which contains the current commercial and parking garage spaces.
Property Facts
| No. Units | 18 | Building Size | 15,362 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1939 |
| Building Class | C | Parking Ratio | 1.04/1,000 SF |
| Lot Size | 0.32 AC | ||
| Zoning | LAC4 - 5421 Flemish - Stores and Residential; 5425 and 5441 Flemish - Apartments | ||
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 15,362 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1939 |
| Parking Ratio | 1.04/1,000 SF |
| Zoning | LAC4 - 5421 Flemish - Stores and Residential; 5425 and 5441 Flemish - Apartments |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | $1.00 | 700 - 750 |
| 2+1 | 12 | $1.00 | 870 - 906 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $731,340 | |
| Land Assessment | $1,706,460 | Total Assessment | $2,437,800 |
Property Taxes
Parcel Numbers
Land Assessment
$1,706,460
Improvements Assessment
$731,340
Total Assessment
$2,437,800
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