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8% Cap, 9.12 GRM 945 W 76th St 5 Unit Apartment Building $1,248,000 ($249,600/Unit) 8% Cap Rate Los Angeles, CA 90044
INVESTMENT HIGHLIGHTS
- In-place 8.00% Cap rate | 9.12 GRM
- 18.82% Annual Average Return (5YR Cash Flow)
- 10.23% pre tax cash flow
EXECUTIVE SUMMARY
Outstanding five-unit investment property presents an incredible opportunity for investors seeking strong cash flow and significant upside potential. Priced at an 8% cap rate with a 9.12 Gross Rent Multiplier (GRM), this asset offers immediate income with the potential to reach a 9.85% cap rate and a 7.76 GRM by turning the front house. *Key Features* *Diverse Unit Mix: The property consists of two upgraded units, two brand-new ADUs, and one single-family residence (SFR), providing a well-balanced and attractive rental offering. *Perfect for an owner-occupy opportunity. *Strong Market Fundamentals: Located in a desirable area with high rental demand, this property benefits from a stable tenant base and potential for future appreciation. *Upside Potential: By turning the front house investors can achieve a higher return, pushing the cap rate to 9.85%. *Investment Summary* -Cap Rate (Current): 8% -Cap Rate (Pro Forma): 9.85%-GRM (Current): 9.12 -GRM (Pro Forma): 7.76 -Pre Tax Cash Flow: 10.23% -Average Annual Return (over 5 years): 18.82%. ***Please contact us for more information***
PROPERTY FACTS
| Price | $1,248,000 | Apartment Style | Low-Rise |
| Price Per Unit | $249,600 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.13 AC |
| Cap Rate | 8% | Building Size | 3,603 SF |
| Gross Rent Multiplier | 9.12 | No. Stories | 1 |
| No. Units | 5 | Year Built | 1921 |
| Property Type | Multifamily | Parking Ratio | 1.11/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | LARD1.5 | ||
| Price | $1,248,000 |
| Price Per Unit | $249,600 |
| Sale Type | Investment |
| Cap Rate | 8% |
| Gross Rent Multiplier | 9.12 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 3,603 SF |
| No. Stories | 1 |
| Year Built | 1921 |
| Parking Ratio | 1.11/1,000 SF |
| Zoning | LARD1.5 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Oven
- Tub/Shower
- Yard
- Pantry
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Public Transportation
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 5 | - | - |
1 1
Walk Score®
Very Walkable (72)
Bike Score®
Very Bikeable (70)
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8% Cap, 9.12 GRM | 945 W 76th St
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