823 Gower St
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823 Gower St
25 Unit Block of Flats £3,286,290 (£131,452/Unit) 5.45% Net Initial Yield Los Angeles, CA 90038
Investment Highlights
- *Across from Paramount Studios!*
- **Off-Street Parking Available in Rear.**
- ****Please See Attached Marketing Packet for More Details.****
- ***Four (4) Units Delivered Vacant.***
- ***Separately Metered for Gas and for Electric.***
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£309,687
|
£18.64
|
| Other Income |
-
|
-
|
| Vacancy Loss |
£6,194
|
£0.37
|
| Effective Gross Income |
£303,493
|
£18.27
|
| Taxes |
£41,079
|
£2.47
|
| Operating Expenses |
£83,297
|
£5.01
|
| Total Expenses |
£124,376
|
£7.49
|
| Net Operating Income |
£179,117
|
£10.78
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | £309,687 |
| Annual Per SF | £18.64 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | £6,194 |
| Annual Per SF | £0.37 |
| Effective Gross Income | |
|---|---|
| Annual | £303,493 |
| Annual Per SF | £18.27 |
| Taxes | |
|---|---|
| Annual | £41,079 |
| Annual Per SF | £2.47 |
| Operating Expenses | |
|---|---|
| Annual | £83,297 |
| Annual Per SF | £5.01 |
| Total Expenses | |
|---|---|
| Annual | £124,376 |
| Annual Per SF | £7.49 |
| Net Operating Income | |
|---|---|
| Annual | £179,117 |
| Annual Per SF | £10.78 |
Property Facts
| Price | £3,286,290 | Building Class | C |
| Price Per Unit | £131,452 | Lot Size | 0.30 AC |
| Sale Type | Investment | Building Size | 16,614 SF |
| Net Initial Yield | 5.45% | Average Occupancy | 100% |
| Gross Rent Multiplier | 10.61 | Number of Floors | 2 |
| No. Units | 25 | Year Built | 1929 |
| Property Type | Residential | Parking Ratio | 0.99/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low Rise |
| Price | £3,286,290 |
| Price Per Unit | £131,452 |
| Sale Type | Investment |
| Net Initial Yield | 5.45% |
| Gross Rent Multiplier | 10.61 |
| No. Units | 25 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.30 AC |
| Building Size | 16,614 SF |
| Average Occupancy | 100% |
| Number of Floors | 2 |
| Year Built | 1929 |
| Parking Ratio | 0.99/1,000 SF |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| Studios | 22 | £949.89 | 450 |
| 1+1 | 2 | £1,149 | 550 |
| 1+2 | 1 | £1,800 | 650 |
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Walk Score ®
Very Walkable (87)
Bike Score ®
Very Bikeable (76)
PROPERTY TAXES
| Parcel Number | 5534-031-001 | Total Assessment | £916,580 (2024) |
| Land Assessment | £314,685 (2024) | Annual Taxes | £41,079 (£2.47/sf) |
| Improvements Assessment | £601,895 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
5534-031-001
Land Assessment
£314,685 (2024)
Improvements Assessment
£601,895 (2024)
Total Assessment
£916,580 (2024)
Annual Taxes
£41,079 (£2.47/sf)
Tax Year
2023
zoning
| Zoning Code | LAR3 (R3-1XL, similar to R-3 Zoning, with conditions.) |
| LAR3 (R3-1XL, similar to R-3 Zoning, with conditions.) |
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Aegis Management
823 Gower St
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