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6519 Crenshaw Blvd 14 Unit Apartment Building $3,377,868 CAD ($241,276 CAD/Unit) 7.56% Cap Rate Los Angeles, CA 90043
Investment Highlights
- Excellent cash flow opportunity on a rare 14 unit opportunity in Hyde Park.
- Offered at a 7.56% current cap rate and 8.05 GRM, excellent metrics offering a great return on investment
- Strong unit mix consisting of (6) 1 bed, 1 bath, (2) 2 bed, 1 bath, (3) 3 bed, 1 bath, (3) single, 1 bath units
- Located just south Hyde Park Blvd walking distance to a Crenshaw Metro stop.
Executive Summary
6519 Crenshaw Blvd is an opportunity for an investor to acquire 14 units in a great Hyde Park location, just a short walk to a Crenshaw Metro Stop. The investment offers excellent cash flow day one, while still offering future upside potential. The building features an excellent unit mix consisting of (6) 1 bed, 1 bath, (2) 2 bed, 1 bath, (3) 3 bed, 1 bath, (3) single, 1 bath units. The units are spread out over 7,576 square feet of gross leasable area and sit on a large 10,765 square foot lot that is zoned LAC2. The building was built in 1941.
Property Facts
| Price | $3,377,868 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $241,276 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.25 AC |
| Cap Rate | 7.56% | Building Size | 9,132 SF |
| Gross Rent Multiplier | 8.05 | Average Occupancy | 100% |
| No. Units | 14 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1941 |
| Property Subtype | Apartment | Parking Ratio | 0.11/1,000 SF |
| Zoning | LAC2-1, Los Angeles - Commercial | ||
| Price | $3,377,868 CAD |
| Price Per Unit | $241,276 CAD |
| Sale Type | Investment |
| Cap Rate | 7.56% |
| Gross Rent Multiplier | 8.05 |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 9,132 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1941 |
| Parking Ratio | 0.11/1,000 SF |
| Zoning | LAC2-1, Los Angeles - Commercial |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
- Sprinkler System
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 3 | $2,133 CAD | 350 |
| 1+1 | 6 | $2,560 CAD | 500 |
| 2+1 | 2 | $3,129 CAD | 600 |
| 3+1 | 3 | $4,053 CAD | 750 |
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Moderately walkable
60/100
Moderately drivable
70/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 4006-018-006 | Improvements Assessment | $988,744 CAD |
| Land Assessment | $1,087,622 CAD | Total Assessment | $2,076,367 CAD |
Property Taxes
Parcel Number
4006-018-006
Land Assessment
$1,087,622 CAD
Improvements Assessment
$988,744 CAD
Total Assessment
$2,076,367 CAD
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6519 Crenshaw Blvd
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