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815 W 62nd Pl
Los Angeles, CA 90044
Multifamily Property For Sale
·
5 Units
Investment Highlights
- 80% Section 8 Tenants, currently operating at a 4.77% cap rate
- Recently Remodeled 5 Unit property with achievable rental upside
- Projected cap rate of 7.66% and GRM of 9.54
- Section 8 Tenants offer guaranteed income
- Unit mix of (4) 1-Bed/1-Bath units and (1) 2-Bed/1-Bath unit.
- Great opportunity to cash flow immediately and raise rents with Section 8
Property Facts
| No. Units | 5 | Lot Size | 0.13 AC |
| Property Type | Multifamily | Building Size | 2,664 SF |
| Property Subtype | Apartment | No. Stories | 1 |
| Building Class | C | Year Built | 1922 |
| Zoning | LARD2 | ||
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 2,664 SF |
| No. Stories | 1 |
| Year Built | 1922 |
| Zoning | LARD2 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $1,450 | - |
| 2+1 | 1 | $1,350 | - |
Property Taxes
| Parcel Number | 6004-013-023 | Improvements Assessment | $215,000 |
| Land Assessment | $747,000 | Total Assessment | $962,000 |
Property Taxes
Parcel Number
6004-013-023
Land Assessment
$747,000
Improvements Assessment
$215,000
Total Assessment
$962,000
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