427 S Alvarado St | Los Angeles, CA 90057
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- LoopNet Team
427 S Alvarado St
Los Angeles, CA 90057
Build-to-Rent Property For Sale
·
16 Units
INVESTMENT HIGHLIGHTS
- Great Unit Mix - 15 out of 16 Units are Large One-Bedroom Units
- 6.5% CAP Rate and 8.4 GRM at the Asking Price
- Ownership Installed New Electrical and New Roof Overlay
- Low $163/SF and $112,00/Unit at the Asking Price | Lowest in Westlake Market
- Over 60% Upside in Rents
- Exceptionally High 94 Walk Score, Designated as a “Walker’s Paradise” with an Array of Retail, and Dining Option Nearby
PROPERTY FACTS
| No. Units | 16 | Total Plot Size | 0.18 ac |
| Property Type | Build-to-Rent | Property Size | 10,976 sq ft |
| Property Subtype | Apartment | Average Occupancy | 94% |
| Apartment Style | Low-Rise | No. Floors | 2 |
| Costar Property Class | C | Year Built | 1909 |
| Use Class | C2-1 TOC Tier 3 - Commercial | ||
| No. Units | 16 |
| Property Type | Build-to-Rent |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Costar Property Class | C |
| Total Plot Size | 0.18 ac |
| Property Size | 10,976 sq ft |
| Average Occupancy | 94% |
| No. Floors | 2 |
| Year Built | 1909 |
| Use Class | C2-1 TOC Tier 3 - Commercial |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Microwave
- Heating
- Oven
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT PCM | sq ft |
|---|---|---|---|
| 1+1 | 15 | - | - |
| Studios | 1 | - | - |
PROPERTY TAXES
| Parcel Number | 5154-031-016 | Improvements Assessment | £280,482 |
| Land Assessment | £1,202,068 | Total Assessment | £1,482,549 |
PROPERTY TAXES
Parcel Number
5154-031-016
Land Assessment
£1,202,068
Improvements Assessment
£280,482
Total Assessment
£1,482,549
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