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3055 Future St

3 Unit Block of Flats £867,111 (£289,037/Unit) 6.30% Net Initial Yield Los Angeles, CA 90065

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Investment Highlights

super hot rental area of Mount Washington
outdoor areas

great light and great views in every unit

Executive Summary

Unique opportunity to own legal 3 unit building on R1 lot, with awesome views from every window. 1 one bedroom unit and 2 junior one bedrooms (studios per assessors records). Lots of updates done throughout the years. 9 year old top-of-the-line roof, updated kitchens and bathrooms but needs exterior painting. Private stone-paved patios. Street to street lot. On-site laundry. Some photos taken before current tenants moved in.

Financial Summary (Actual - 2024)	Annual	Annual Per SF
Gross Rental Income	£58,219	£41.03
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	£58,219	£41.03
Taxes	-	-
Operating Expenses	-	-
Total Expenses	£789	£0.56
Net Operating Income	£57,430	£40.47

Financial Summary (Actual - 2024)

Gross Rental Income
Annual	£58,219
Annual Per SF	£41.03

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	£58,219
Annual Per SF	£41.03

Taxes
Annual	-
Annual Per SF	-

Operating Expenses
Annual	-
Annual Per SF	-

Total Expenses
Annual	£789
Annual Per SF	£0.56

Net Operating Income
Annual	£57,430
Annual Per SF	£40.47

Property Facts

Price	£867,111	Apartment Style	Low Rise
Price Per Unit	£289,037	Building Class	C
Sale Type	Investment	Lot Size	0.06 AC
Net Initial Yield	6.30%	Building Size	1,419 SF
Gross Rent Multiplier	15.65	Average Occupancy	100%
No. Units	3	Number of Floors	2
Property Type	Residential	Year Built	1926
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	£867,111
Price Per Unit	£289,037
Sale Type	Investment
Net Initial Yield	6.30%
Gross Rent Multiplier	15.65
No. Units	3
Property Type	Residential
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	C
Lot Size	0.06 AC
Building Size	1,419 SF
Average Occupancy	100%
Number of Floors	2
Year Built	1926
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.