1537 Corinth Ave
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1537 Corinth Ave
18 Unit Block of Flats £3,575,862 (£198,659/Unit) 4.83% Net Initial Yield Los Angeles, CA 90025
Investment Highlights
- Reposition Opportunity
- Adjacent Building 1539-1545 is also available for sale
- Great West LA Location
Executive Summary
The Corinth Apartments are a well maintained rent controlled property located in the City of Los Angeles in West Los Angeles. Built with beautiful European architecture this property presents an astute investor a reposition opportunity as there is approximately 10% upside in rents.
Financial Summary (Pro forma - 2024) 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 |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) 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 | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | £3,575,862 | Property Subtype | Apartment |
| Price Per Unit | £198,659 | Apartment Style | Low Rise |
| Sale Type | Investment | Building Class | C |
| Net Initial Yield | 4.83% | Lot Size | 0.16 AC |
| Gross Rent Multiplier | 12.95 | Building Size | 8,596 SF |
| No. Units | 18 | Number of Floors | 2 |
| Property Type | Residential | Year Built | 1926 |
| Price | £3,575,862 |
| Price Per Unit | £198,659 |
| Sale Type | Investment |
| Net Initial Yield | 4.83% |
| Gross Rent Multiplier | 12.95 |
| No. Units | 18 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 8,596 SF |
| Number of Floors | 2 |
| Year Built | 1926 |
Unit Amenities
- Wooden Floors
- Vaulted Ceiling
- Oven
- Range
Site Amenities
- Laundry Facilities
- Property Manager on Site
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| Studios | 16 | - | - |
| 1+1 | 1 | - | - |
| 2+1 | 1 | - | - |
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Walk Score ®
Very Walkable (88)
Bike Score ®
Very Bikeable (77)
PROPERTY TAXES
| Parcel Number | 4261-004-009 | Improvements Assessment | £494,694 |
| Land Assessment | £1,583,030 | Total Assessment | £2,077,723 |
PROPERTY TAXES
Parcel Number
4261-004-009
Land Assessment
£1,583,030
Improvements Assessment
£494,694
Total Assessment
£2,077,723
zoning
| Zoning Code | LAR3 (Residential) |
| LAR3 (Residential) |
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1537 Corinth Ave
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