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PRICE REDUCED!!! Beverlywood Adjacent 6147 Alcott St 6 Unit Apartment Building $1,675,000 ($279,167/Unit) 5.37% Cap Rate Los Angeles, CA 90035
INVESTMENT HIGHLIGHTS
- Excellent Location near La Cienega and Pico Blvd
- Alley Access
- Parking for each unit
- 5.37% in year 1 with annual increases
- Laundry room on site
- Huge upside potential
EXECUTIVE SUMMARY
Located half a mile south of Beverly Hills, The Alcott Apartments consist of two spacious 2bd/1ba units complete with formal dining rooms, one 2bd/1ba and three 1bd/1ba units. The well-located property provides tenants with convenient, walkable access to shopping, places of worship, schools, and public transportation. Units are separately metered for gas and electricity. Tremendous upside potential with the possibility to increase future rents. Suitable as an investment property or for an owner-occupant seeking a manageably sized pride-of ownership apartment building in an exceptional location. The site could also be redeveloped.
PROPERTY FACTS
| Price | $1,675,000 | Apartment Style | Low-Rise |
| Price Per Unit | $279,167 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 5.37% | Building Size | 5,466 SF |
| Gross Rent Multiplier | 13.48 | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1927/1965 |
| Property Subtype | Apartment | Parking Ratio | 1.1/1,000 SF |
| Zoning | RD1.5 - Restricted Density Multiple Dwelling | ||
| Price | $1,675,000 |
| Price Per Unit | $279,167 |
| Sale Type | Investment |
| Cap Rate | 5.37% |
| Gross Rent Multiplier | 13.48 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 5,466 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1927/1965 |
| Parking Ratio | 1.1/1,000 SF |
| Zoning | RD1.5 - Restricted Density Multiple Dwelling |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 3 | - | - |
| 2+1 | 3 | - | - |
1 1
Walk Score®
Walker's Paradise (93)
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PRICE REDUCED!!! Beverlywood Adjacent | 6147 Alcott St
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