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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 | 10.23% pre tax cash flow
- Pro Forma Cap: 10.39% | Pro Forma GRM: 7.44
Executive Summary
This 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 GRM, 10.23% pre-tax cash flow. By simply turning the Front House Buyer could achieve an estimated 9.27% cap rate, 8.25 GRM and 14.08% pre-tax cash flow with an estimated investment of $80,000 for tenant buyout and upgrading interior & adding a bedroom to make the SFR a 3+1 House.
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)
Property Taxes
| Parcel Number | 6020-008-031 | Improvements Assessment | $153,000 |
| Land Assessment | $367,200 | Total Assessment | $520,200 |
Property Taxes
Parcel Number
6020-008-031
Land Assessment
$367,200
Improvements Assessment
$153,000
Total Assessment
$520,200
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8% Cap, 9.12 GRM | 945 W 76th St
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