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5 Units in Exclusive Windsor Hills 6006 Overhill Dr 5 Unit Apartment Building $1,485,000 ($297,000/Unit) 4.85% Cap Rate Los Angeles, CA 90043
INVESTMENT HIGHLIGHTS
- Download the OM from the Property Website for all the details
- Currently Not Charging Tenants for the Laundry Room, Upside Potential Revenue
- Five Private Garages
- Current Rents are below Market, Major Upside Potential, Market Cap Rate is 7.33%
- Currently Not Charging Tenants for Private Garages, Upside Potential Revenue
EXECUTIVE SUMMARY
Market Cap Rate is 7.33%. First time on the market in over 41 years. Current rents are substantially below market rent, providing tremendous rental income upside for the Buyer. More upside revenue potential with the Laundry Room. Currently, there the laundry machines are free of charge to the tenants. Rare private garages for each tenant. Another potential source of additional income. RECENT IMPROVEMENTS: All new garage doors installed April 2024. New roof installed March 2018. Upgraded electrical panel and system.
PROPERTY FACTS
| Price | $1,485,000 | Building Class | C |
| Price Per Unit | $297,000 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 3,203 SF |
| Cap Rate | 4.85% | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1952 |
| Property Subtype | Apartment | Parking Ratio | 1.56/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | LCR3YY - LCR3YY | ||
| Price | $1,485,000 |
| Price Per Unit | $297,000 |
| Sale Type | Investment |
| Cap Rate | 4.85% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 3,203 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1952 |
| Parking Ratio | 1.56/1,000 SF |
| Zoning | LCR3YY - LCR3YY |
AMENITIES
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 5 | - | 640 - 641 |
1 1
Walk Score®
Very Walkable (83)
PROPERTY TAXES
| Parcel Number | 4003-011-002 | Improvements Assessment | $89,455 |
| Land Assessment | $44,094 | Total Assessment | $133,549 |
PROPERTY TAXES
Parcel Number
4003-011-002
Land Assessment
$44,094
Improvements Assessment
$89,455
Total Assessment
$133,549
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5 Units in Exclusive Windsor Hills | 6006 Overhill Dr
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