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1628 W 45th St 16 Unit Apartment Building $2,673,041 CAD ($167,065 CAD/Unit) 6.30% Cap Rate Los Angeles, CA 90062

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Investment Highlights

3 UNITS DELIVERED VACANT
GREAT UPSIDE POTENTIAL

GREAT LOCATION

Executive Summary

6-UNITS IN VERMONT SQUARE| $121K per door | 7.28% CAP | 3 VACANT UNITS |
Rare opportunity to acquire 1628 W. 45th Street, a 16-unit apartment building in the highly sought after Vermont Square neighborhood. Offered at $1,950,000 ($121K per door, ~$199/SF) with strong in-place income and immediate upside through 3 vacant units and rental repositioning. Well-located near Western & Vernon with close proximity to Exposition Park, Leimert Park, and the Crenshaw corridor. Features on-site laundry machines hookups. This one starts out as a great investment property and will only get better over time.

Property Facts

Price	$2,673,041 CAD	Apartment Style	Low-Rise
Price Per Unit	$167,065 CAD	Building Class	C
Sale Type	Investment	Lot Size	0.13 AC
Cap Rate	6.30%	Building Size	9,810 SF
Sale Condition	Deferred Maintenance	Average Occupancy	81%
Gross Rent Multiplier	12	No. Stories	2
No. Units	16	Year Built	1927
Property Type	Multifamily	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Subtype	Apartment Multifamily Dormitory
Zoning	LAR1 - LAR1

Price	$2,673,041 CAD
Price Per Unit	$167,065 CAD
Sale Type	Investment
Cap Rate	6.30%
Sale Condition	Deferred Maintenance
Gross Rent Multiplier	12
No. Units	16
Property Type	Multifamily
Property Subtype	Apartment Multifamily Dormitory
Apartment Style	Low-Rise
Building Class	C
Lot Size	0.13 AC
Building Size	9,810 SF
Average Occupancy	81%
No. Stories	2
Year Built	1927
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	LAR1 - LAR1