1539 Corinth Ave
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1539 Corinth Ave
8 Unit Block of Flats £1,789,920 (£223,740/Unit) 4.69% Net Initial Yield Los Angeles, CA 90025
Investment Highlights
- 25%+ Rental Upside
- Great Palms Location
- Reposition Opportunity
Executive Summary
The Corinth Apartments are a well maintained rent controlled property located in the City of Los Angeles in West Los Angeles. This property presents an astute investor a reposition opportunity as there is approximately 25%+ 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 | £1,789,920 | Apartment Style | Low Rise |
| Price Per Unit | £223,740 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Net Initial Yield | 4.69% | Building Size | 5,262 SF |
| Gross Rent Multiplier | 13.52 | Number of Floors | 2 |
| No. Units | 8 | Year Built | 1953 |
| Property Type | Residential | Parking Ratio | 0.95/1,000 SF |
| Property Subtype | Apartment |
| Price | £1,789,920 |
| Price Per Unit | £223,740 |
| Sale Type | Investment |
| Net Initial Yield | 4.69% |
| Gross Rent Multiplier | 13.52 |
| No. Units | 8 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 5,262 SF |
| Number of Floors | 2 |
| Year Built | 1953 |
| Parking Ratio | 0.95/1,000 SF |
Unit Amenities
- Storage Space
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| Studios | 2 | - | - |
| 1+1 | 6 | - | - |
1 of 1
Walk Score ®
Very Walkable (88)
Bike Score ®
Very Bikeable (77)
PROPERTY TAXES
| Parcel Number | 4261-004-010 | Improvements Assessment | £199,839 |
| Land Assessment | £849,331 | Total Assessment | £1,049,171 |
PROPERTY TAXES
Parcel Number
4261-004-010
Land Assessment
£849,331
Improvements Assessment
£199,839
Total Assessment
£1,049,171
zoning
| Zoning Code | R4-2, Los Angeles |
| R4-2, Los Angeles |
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1539 Corinth Ave
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