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7516 S Western Ave

6 Unit Block of Flats £1,065,150 (£177,525/Unit) 7.11% Net Initial Yield Los Angeles, CA 90047

Investment Highlights

  • UNIT MIX: FOUR 1+1 & TWO 2+1 UNITS
  • SURVEILANCE SYSTEM
  • LARGE PARKING AREA WITH 6 SPACES
  • TWO VACANT UNITS IN RENT READY CONDITION
  • NEW BUILDING AND UNIT NUMBERS
  • SEPERATELY METERED FOR GAS & ELECTRICITY

Executive Summary

The unit mix consists of four 1+1 and two 2+1 units. The investment consists of approximately 4,180 of rentable square feet and is situated on an approximately 5,494 square foot parcel. Recent property upgrades include new exterior lighting, new exterior building and unit numbers, an on-site surveillance system, and two rent ready vacant units. The building amenities include a large parking area with six total spaces, and the property is separately metered for both gas & electricity.
Call/email Griffin White for complete package. PLEASE NOTE THE FOLLOWING: 1) DO NOT DISTURB THE TENANTS 2) Interior Inspection/Books & Records Granted with an Accepted Offer. 3) Submit Proof of Funds & Pre-Qualification Letter with Offer. Broker/agent do not guarantee the accuracy of the square footage, lot size, development potential, or any other information concerning the conditions or features of the property provided by the Seller or obtained from public records or other sources. Buyer is advised to independently verify and complete own due diligence to verify accuracy of all information through physical and personal inspections and with appropriate professionals.

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 £1,065,150
Price Per Unit £177,525
Sale Type Investment
Net Initial Yield 7.11%
Gross Rent Multiplier 9.94
No. Units 6
Property Type Residential
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.13 AC
Building Size 4,180 SF
Number of Floors 2
Year Built 1953
Parking Ratio 1.44/1,000 SF

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
1+1 4 - -
2+1 2 - -
Walk Score ®
Very Walkable (70)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
6018-016-014
Land Assessment
£607,037
Improvements Assessment
£376,781
Total Assessment
£983,818

zoning

Zoning Code C2 (Commercial)
C2 (Commercial)
  • Listing ID: 33440238

  • Date on Market: 07/10/2024

  • Last Updated:

  • Address: 7516 S Western Ave, Los Angeles, CA 90047

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