5 Units in Los Angeles
> Located in City of LA (RSO)
> 6.60% Actual CAP / 9.32% Pro-Forma
> Unit Mix Consist of: (2) 2 Bedroom / 1 Bath, and (3) 1 Bedroom / 1 Bath
> 3.8 Miles to SoFi Stadium and The Kia Forum
> Perfect for First Time Investor
Property Description
10107 S. Hoover is a very clean property that is perfect for first-time investor, or a seasoned cash flow buyer. Because the building is subject to LA-RSO, a new owner can increase the rents by 7% starting February 2024, therefore reaching a cap rate of 6.60% in a just few months. This asset consists of: (2) 2 Bed / 1 Bath, and (3) 1Bed / 1Bath with open and garage parking available, and a community laundry room.
Key Property Information
| Listing Status: | Available |
|---|---|
| Multifamily type: | Apartments |
| Price: | $1,099,000 |
| No. of Units: | 5 |
| Cap Rate: | 6.60% |
| GRM /GIM: | 10.88 |
| Average Occupancy: | 100 |
| Year Built: | 1956 |
| Building Size: | 3,636 Sq ft |
| Lot Size: | 5,625.00 Sq ft |
| No. of Stories: | 2 |
| APN: | 6054-011-031 |
| Opportunity Zone: | No |
| Price per unit: | $219,800 |
Unit mix
| Description | No. of Units | Sq ft. | Avg. Monthly Rent |
|---|
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