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545 Glenrock Ave
Los Angeles, CA 90024
545 Glenrock Avenue Apartments · Multifamily Property For Sale
·
10 Units
Investment Highlights
- At $231,481 per bed, this is the best “price per bed” sale on Glenrock in recent times.
- At a pro forma cap rate of 4.2% this is one of the best ROI sales in North Westwood Village, for one of the newest, best parked, best located building
- The floorplans lend themselves greatly to student housing with large living rooms, large bedrooms, and multiple bathrooms per unit
- Currently two of the units are furnished; and none of the units are leased "per bed," they are leased "per unit."
- There are two floors of subterranean parking totaling ±40 parking spaces
- Owner will consider a carry back loan at below market interest rate
Property Facts
| No. Units | 10 | Building Size | 16,000 SF |
| Property Type | Multifamily | Average Occupancy | 40% |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 1996 |
| Building Class | B | Parking Ratio | 2.5/1,000 SF |
| Lot Size | 0.19 AC | ||
| Zoning | LAR4/Tier 3 | ||
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.19 AC |
| Building Size | 16,000 SF |
| Average Occupancy | 40% |
| No. Stories | 4 |
| Year Built | 1996 |
| Parking Ratio | 2.5/1,000 SF |
| Zoning | LAR4/Tier 3 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Range
- Tub/Shower
Site Amenities
- Courtyard
- Elevator
- Public Transportation
- Walk To Campus
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 4 | $7,475 | 1,302 - 1,690 |
| 3+3 | 1 | $6,900 | 1,315 |
| 2+2 | 4 | $4,600 | 985 - 1,185 |
| 4+2 | 1 | $9,200 | - |
Property Taxes
| Parcel Number | 4363-010-021 | Improvements Assessment | $2,080,800 |
| Land Assessment | $9,363,600 | Total Assessment | $11,444,400 |
Property Taxes
Parcel Number
4363-010-021
Land Assessment
$9,363,600
Improvements Assessment
$2,080,800
Total Assessment
$11,444,400
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