5541 Newcastle Ave | Encino, CA 91316
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- LoopNet Team
5541 Newcastle Ave
Encino, CA 91316
Multifamily Property For Sale
·
41 Units
INVESTMENT HIGHLIGHTS
- Attractive Financing - Assumable Loan with 2.85% Interest Rate! (Ask Broker for Additional Details) | Cash on Cash Return 3.92%!
- Property Offers Lush Center Courtyard, Pool, Laundry Facilities, On-Site Parking & Secured Entry for Tenants!
- Potential to Increase Value by Adding a One-Bedroom ADU in a Storage Area (Buyer to Verify)!
- Great Unit Mix Composed of Singles, One-Bedroom & Two-Bedroom Units.
- Additional Income Generated From Parking, Laundry & RUBS!
- Approximately 27% in Rental Upside!
PROPERTY FACTS
| No. Units | 41 | Lot Size | 0.71 AC |
| Property Type | Multifamily | Building Size | 21,874 SF |
| Property Subtype | Apartment | Average Occupancy | 95% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | C | Year Built | 1965 |
| Zoning | R3, Los Angeles | ||
| No. Units | 41 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.71 AC |
| Building Size | 21,874 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built | 1965 |
| Zoning | R3, Los Angeles |
AMENITIES
SITE AMENITIES
- Laundry Facilities
- Pool
- Gated
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 22 | $1,246 | 400 |
| 1+1 | 18 | $1,475 | 600 |
| 2+2 | 1 | $2,200 | 800 |
PROPERTY TAXES
| Parcel Number | 2159-005-022 | Improvements Assessment | $5,763,000 |
| Land Assessment | $3,111,000 | Total Assessment | $8,874,000 |
PROPERTY TAXES
Parcel Number
2159-005-022
Land Assessment
$3,111,000
Improvements Assessment
$5,763,000
Total Assessment
$8,874,000
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