11813 S Main St
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11813 S Main St
4 Unit Block of Flats £581,088 (£145,272/Unit) 7.30% Net Initial Yield Los Angeles, CA 90061
Investment Highlights
- Building is 100% occupied.
- Prime location in Los Angles.
- Opportunity to build additional units behind property.
Executive Summary
The subject property is a 4 unit apartment building located in South Los Angeles. The property was built in 1955 totaling 2,552 rentable square feet. The unit mix consists of two singles, one 2-bedroom, and one large owners 3-bed, 1 bathroom unit. Utilities are separately metered for both gas and electricity. The rear of the lot allows for four individual parking spaces. The lot backs to a paved alley the a new owner has the ability to build additional units utilizing AB1211.
Property Facts
Price | £581,088 | Apartment Style | Low Rise |
Price Per Unit | £145,272 | Building Class | C |
Sale Type | Investment | Lot Size | 0.08 AC |
Net Initial Yield | 7.30% | Building Size | 2,552 SF |
Gross Rent Multiplier | 9.4 | Average Occupancy | 100% |
No. Units | 4 | Number of Floors | 2 |
Property Type | Residential | Year Built | 1955 |
Property Subtype | Apartment | Parking Ratio | 1.57/1,000 SF |
Price | £581,088 |
Price Per Unit | £145,272 |
Sale Type | Investment |
Net Initial Yield | 7.30% |
Gross Rent Multiplier | 9.4 |
No. Units | 4 |
Property Type | Residential |
Property Subtype | Apartment |
Apartment Style | Low Rise |
Building Class | C |
Lot Size | 0.08 AC |
Building Size | 2,552 SF |
Average Occupancy | 100% |
Number of Floors | 2 |
Year Built | 1955 |
Parking Ratio | 1.57/1,000 SF |
Unit Mix Information
Description | No. Units | Avg. Rent.Mo | SF |
---|---|---|---|
1+1 | 2 | £1,147 | 325 |
2+1 | 1 | £1,483 | 800 |
3+1 | 1 | £1,378 | 800 |
PROPERTY TAXES
Parcel Number | 6087-016-018 | Improvements Assessment | £214,840 |
Land Assessment | £300,778 | Total Assessment | £515,619 |
PROPERTY TAXES
Parcel Number
6087-016-018
Land Assessment
£300,778
Improvements Assessment
£214,840
Total Assessment
£515,619
zoning
Zoning Code | LAR4 |
LAR4 |
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11813 S Main St
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