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10 Units | 7.77 GRM - 8.92% CAP Rate 6612 Menlo Ave 10 Unit Apartment Building $2,145,975 CAD ($214,598 CAD/Unit) 8.92% Cap Rate Los Angeles, CA 90044
EXECUTIVE SUMMARY
We are pleased to present 6612 Menlo Ave, a 10-unit multifamily community in Los Angeles, offered at a 7.77 GRM and an 8.92% CAP on current rents, with upside potential to achieve a 6.94 GRM and a 10.35% CAP with market rents. This opportunity consists of five separate duplexes offering of a total of 4,620 rentable square feet. Built in 1925, the property sits on a large, 8,593 square foot LARD2-zoned corner lot. The unit mix features two (2) studios and eight (8) one-bedroom one-bathroom units. Two units will be delivered VACANT. Located on the corner of S Menlo Ave and W 68th St, this property is located near Mount Caramel Recreation Center, six blocks west of the 110 Freeway as well as a number of bus stops. Nearby community establishments include Dragon Loco Chinese Food, Tom's Jr Express, A Taste of Toya, Tacos El Pajaro, LA Pulperia Catracha #3, Tacos El Vecino and more. Contact the listing broker for additional information.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$191,392
|
$41.43
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $191,392 |
| Annual Per SF | $41.43 |
PROPERTY FACTS
| Price | $2,145,975 CAD | Apartment Style | Garden |
| Price Per Unit | $214,598 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.20 AC |
| Cap Rate | 8.92% | Building Size | 4,620 SF |
| Gross Rent Multiplier | 7.77 | Average Occupancy | 80% |
| No. Units | 10 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1925 |
| Property Subtype | Apartment | ||
| Zoning | LARD2 - 8,593 SF LARD2 Zoned Corner Lot. | ||
| Price | $2,145,975 CAD |
| Price Per Unit | $214,598 CAD |
| Sale Type | Investment |
| Cap Rate | 8.92% |
| Gross Rent Multiplier | 7.77 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 4,620 SF |
| Average Occupancy | 80% |
| No. Stories | 1 |
| Year Built | 1925 |
| Zoning | LARD2 - 8,593 SF LARD2 Zoned Corner Lot. |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | $2,514 CAD | 450 - 500 |
| Studios | 2 | $1,761 CAD | 450 - 500 |
1 1
Walk Score®
Very Walkable (74)
Bike Score®
Very Bikeable (71)
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10 Units | 7.77 GRM - 8.92% CAP Rate | 6612 Menlo Ave
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