944 Tiverton Ave
- Prime Westwood location, near UCLA and hospital
- Only $339,286/unit
- 14.2 x Gross & 4.2% Cap with existing rents, 13.3 x Gross & 4.7% Cap with rents at market
- Upside in rents
Property Description
Prime Westwood location, near UCLA and hospital. 24-Studio/1-Bath and 4-Bachelor/1-Bath. Only $339,286/unit. Upside in rents. 14.2 x Gross & 4.2% Cap with existing rents, 13.3 x Gross & 4.7% Cap with rents at market
Key Property Information
| Listing Status: | Available |
|---|---|
| Price: | $9,500,000 |
| No. of Units: | 28 |
| Cap Rate: | 4.2% |
| GRM /GIM: | 14.4 |
| Year Built: | 1940 |
| Building Size: | 8,353 Sq ft |
| Lot Size: | 8,299.00 Sq ft |
| No. of Stories: | 1 |
| Opportunity Zone: | No |
| Price per unit: | $339,286 |
Unit mix
| Description | No. of Units | Sq ft. | Avg. Monthly Rent |
|---|---|---|---|
| S/1 | 24 | 1 | 2252 |
| B/1 | 4 | 1 | 1225 |
FINANCIAL DETAILS
| Income/expense info: | Actual |
|---|---|
| Financial year: | 2022 |
| Gross income: | 654603 |
| Effective Gross income: | 642174 |
| Operating expenses: | 246503 |
| Net operating income: | 395668 |
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