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6550 Brynhurst Ave 11 Unit Apartment Building $1,900,000 ($172,727/Unit) 7.38% Cap Rate Los Angeles, CA 90043
INVESTMENT HIGHLIGHTS
- The proximity to new Metro Line creates a possible future development opportunity
- The property has been well maintained and managed for the last 25 years
EXECUTIVE SUMMARY
The subject property is an eleven-unit apartment complex located in the
Hyde Park submarket of South Los Angeles. The building consists of all 2-
bedroom 1 bath units averaging 756sf. The structure contains a total of
8,317sf and was built in 1964. It is situated on a large 11,352sf lot with LAR3
zoning. The current income is below market at $16,005 per month. Market
for the area is closer to $20,000 per month. The proximity to new Metro Line
creates a possible future development opportunity. The property has been
well maintained and managed for the last 25 years.
Hyde Park submarket of South Los Angeles. The building consists of all 2-
bedroom 1 bath units averaging 756sf. The structure contains a total of
8,317sf and was built in 1964. It is situated on a large 11,352sf lot with LAR3
zoning. The current income is below market at $16,005 per month. Market
for the area is closer to $20,000 per month. The proximity to new Metro Line
creates a possible future development opportunity. The property has been
well maintained and managed for the last 25 years.
PROPERTY FACTS In Escrow
| Price | $1,900,000 | Apartment Style | Low-Rise |
| Price Per Unit | $172,727 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.26 AC |
| Cap Rate | 7.38% | Building Size | 8,316 SF |
| Gross Rent Multiplier | 9.79 | No. Stories | 2 |
| No. Units | 11 | Year Built | 1964 |
| Property Type | Multifamily | Parking Ratio | 1.32/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | LAR3 - Limited Multiple Residence | ||
| Price | $1,900,000 |
| Price Per Unit | $172,727 |
| Sale Type | Investment |
| Cap Rate | 7.38% |
| Gross Rent Multiplier | 9.79 |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 8,316 SF |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 1.32/1,000 SF |
| Zoning | LAR3 - Limited Multiple Residence |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 11 | - | - |
1 1
Walk Score®
Very Walkable (73)
PROPERTY TAXES
| Parcel Number | 4006-019-017 | Improvements Assessment | $441,297 |
| Land Assessment | $190,590 | Total Assessment | $631,887 |
PROPERTY TAXES
Parcel Number
4006-019-017
Land Assessment
$190,590
Improvements Assessment
$441,297
Total Assessment
$631,887
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6550 Brynhurst Ave
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