ALMOST COMPLETED: NOW TAKING OFFERS
INVESTMENT SUMMARY
NOT SUBJECT TO RENT CONTROL
* Individually metered for electric, gas, and water * individual tankless water heater*
(projected) Purchase Price: $2,989,000. Pro-Forma Monthly Gross Rent: $20,200. Pro-Forma Annual Gross Rent: $242,400. Vacancy & Operating Costs (20%): $48,480. Pro-Forma NOI: $155,170.
CAP RATE (@ $2,989,000 Purchase Price): 5.01 GRM (@ $2,989,000 Purchase Price): 14.44
• Great, Quiet neighborhood
• Proximity to beaches
• Easy access to 110 Freeway (direct artery to 405 Freeway)
• Surrounded by affluent communities of Rancho Palos Verdes & Rolling Hills Estates • Proximity to the Port of Los Angeles & Port of Long Beach
• Close to new Ports O'Call, undergoing $150 Million Renovation
All Units Include:
• 1 Tandem Garage Space (2 Spaces)
• Individually metered for electric, gas, and water • Central A/C and Heat
• Washer & Dyer
• Refrigerator
• Dishwasher
Investment Opportunity
• Brand-New Construction
• Multifamily Apartment Complex
• All Units Delivered Vacant
• Small complex for ease-of-management
• 2 Parking spaces for each unit
• 7 Units in total
• Ocean views from certain units
• Vincent Thomas Bridge view from certain units
• Total Building Size: Apx. 8,948 Sq. Ft.
• Total Lot Size: Apx. 10,000 Sq. Ft. (per assessor)
• NOT SUBJECT TO RENT CONTROL (Buyer to verify)
