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8420-8428 Gulana Ave. 8420 Gulana Ave 8 Unit Apartment Building $3,850,000 ($481,250/Unit) 3.39% Cap Rate Playa Del Rey, CA 90293
Investment Highlights
- Double Parcel - pride of ownership shows!
- Price Reduction!
- Great unit mix - large units!
Executive Summary
Price Reduction! Two beautiful well-maintained properties being sold together! Owner is motivated to sell! These properties have a great unit mix consisting of: two 3-bedroom units, three 2-bedroom units, two 1-bedroom units, and one studio! Combined approximately ~11,360 square foot of lot and approximately ~7,323 square foot of structure. This is a great investment opportunity due to its condition, layout, size, and upside rent potential.
Two Parcels being sold together: APN's - 4115-024-005 & 4115-024-006. 8420-8428 Gulana Ave. Playa Del Rey 90293
Two Parcels being sold together: APN's - 4115-024-005 & 4115-024-006. 8420-8428 Gulana Ave. Playa Del Rey 90293
Financial Summary (Pro Forma - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $3,850,000 | Apartment Style | Low-Rise |
| Price Per Unit | $481,250 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.13 AC |
| Cap Rate | 3.39% | Building Size | 3,193 SF |
| Gross Rent Multiplier | 16.98 | No. Stories | 2 |
| No. Units | 8 | Year Built | 1959 |
| Property Type | Multifamily | Parking Ratio | 2.5/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | LAR3 - Multiple Dwelling | ||
| Price | $3,850,000 |
| Price Per Unit | $481,250 |
| Sale Type | Investment |
| Cap Rate | 3.39% |
| Gross Rent Multiplier | 16.98 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 3,193 SF |
| No. Stories | 2 |
| Year Built | 1959 |
| Parking Ratio | 2.5/1,000 SF |
| Zoning | LAR3 - Multiple Dwelling |
Amenities
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 1+1 | 1 | - | - |
| 2+1 | 1 | - | - |
| 3+2 | 1 | - | - |
1 1
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 4115-024-005 | Total Assessment | $1,955,168 |
| Land Assessment | $1,368,958 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $586,210 | Tax Year | 2025 |
Property Taxes
Parcel Number
4115-024-005
Land Assessment
$1,368,958
Improvements Assessment
$586,210
Total Assessment
$1,955,168
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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8420-8428 Gulana Ave. | 8420 Gulana Ave
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