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2901 Somerset Dr
Los Angeles, CA 90016
Multifamily Property For Sale
·
6 Units
Investment Highlights
- West Adams Spanish 6unit 2story Building
Executive Summary
Just reduced! Well-maintained Spanish-style 6-unit building located in the desirable Mid-City/West Adams neighborhood between Adams and Jefferson Blvd. The majority of units have been updated within the past 7 years and feature modern kitchens, renovated baths, in-unit washer/dryers, and central air & heat. The property sits on a prominent corner lot with two separate buildings (Somerset and 29th St. addresses) and offers three garage spaces, three additional parking spots, and extra storage.
Property Facts
| Price Per Unit | $375,321 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.13 AC |
| Cap Rate | 7.03% | Building Size | 5,034 SF |
| Gross Rent Multiplier | 10.57 | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1929 |
| Property Subtype | Apartment | Parking Ratio | 0.6/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | LARD2 | ||
| Price Per Unit | $375,321 CAD |
| Sale Type | Investment |
| Cap Rate | 7.03% |
| Gross Rent Multiplier | 10.57 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 5,034 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1929 |
| Parking Ratio | 0.6/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | LARD2 |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Public Transportation
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | $1,826 CAD | 1,000 |
| 2+1 | 2 | $1,474 CAD | 1,000 |
| 2+1.5 | 2 | $3,684 CAD | 1,000 |
| 2+2 | 1 | $3,414 CAD | 800 |
Property Taxes
| Parcel Number | 5050-020-001 | Improvements Assessment | $590,368 CAD |
| Land Assessment | $516,299 CAD | Total Assessment | $1,106,667 CAD |
Property Taxes
Parcel Number
5050-020-001
Land Assessment
$516,299 CAD
Improvements Assessment
$590,368 CAD
Total Assessment
$1,106,667 CAD
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