Property Details

TITLE:
Income-Generating 18-Unit Property in Opportunity Zone
CONTROL:
Owner
VALUE:
$6,900,000
LOAN:
$1,200,000
EQUITY:
$5,700,000
TYPE:
Multi-Family
HAVE:
Renovated Multi-family 18-units with underground parking, on-site laundry room, and is near SoFi Stadium. Spacious 2-bedroom units with stable long-term tenants. The potential for value enhancement, it's a prime investment opportunity.
ADDRESS:
1405 West 105th St., Los Angeles, California
BENEFITS TO NEW OWNER:
Sought after location near SoFi stadium 5.01% CAP rate
OTHER FILES:
GROSS SCHEDULED INCOME:
$497,568 Projected
VACANCY LOSS:
$81,600
GROSS EFFECTIVE INCOME:
$415,968
EXPENSES:
$112,895
NOI:
$303,073
DEBT SERVICE:
$72,393
CASH FLOW:
$230,680
CAP RATE:
4.39%
ENCUMBRANCE
BALANCE
PAYMENT
RATE
DUE
ASSUMABLE
LOAN 1
$0
$6,033
4%
09/01/2050
No
BENEFITS SOUGHT:
• Renovated units • Built in 1963 | 19,425 sq.ft. • Lot size: 19,057 sq.ft. • Includes one 3bd | 2.5 bath unit • Assigned covered parking • On-site laundry (GPI) $605,412 Property next door available
CAN ADD:
Stable long term tenants
COUNSELOR:
Nancy Wilson
Wilson Realty Group
5550 Painted Mirage #140
Las Vegas, , 89149
Phone: 7024919022