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5928 S Hoover St - Renovated Actual 8.01% CAP 12% Cash-on-cash 15 Unité Immeuble d’habitation offert à 4 783 800 $ CAD à un 8% taux de capitalisation Los Angeles, CA 90044
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Faits saillants de l'investissement
- PRICE REDUCTION! 8% In-Place CAP - ±12% Cash-on-Cash Return! 15-Unit Turnkey Investment with 2 Brand New ADUs & RTI Expansion Plans
- Strategically located across from Augustus Hawkins High School, minutes to USC, Exposition Park, BMO Stadium, LA Memorial Coliseum, nearby major tra
- Significant CapEx Completed (2023): Major structural and cosmetic upgrades include new roofs, updated electrical and plumbing, new dual-pane windows
- Heavily Upgraded Single-Story Spanish Mission Style Apartment - Ideal 1031 Exchange Property
- Architectural Appeal: Highly desirable single-story Spanish Mission Style layout featuring clean lines, a secure entrance gate, and low-maintenance
- Turnkey Interiors: 10 of the original 13 units have been fully renovated down to the studs with permits, featuring new flooring, kitchens, bathrooms
Résumé de l'annonce
PRICE REDUCTION! Turnkey 15-unit (10 Renovated Units + 2 brand new ADUs) Single-Story apartment building cash flowing at a whopping 8% In-place CAP Rate providing over 12% Cash-on-cash return. The Spanish Mission Style property has been completely upgraded with many significant CapEx such as: brand new gate, new exterior paint, 2 brand new ADUs (Not subject to rent control), new dual pane windows throughout, and new minimal landscaping, 10 out of the 13 units have been completely upgraded with high-end finishes. It offers significant upside to 9.69% Proforma CAP Rate upon the remaining 3 non-upgraded units turnover. Combine this high return + its newer year built + ease of maintenance, this offering is perfect for a 1031 exchange buyer or an experienced investor looking for high cash flow + easy to maintain assets.
The main property was built in 1923 and completely renovated with permits in 2023. Major capital improvements completed including new roofs, new electrical, new plumbing, new double pane windows throughout, new exterior paint, new entrance gate, new landscaping, and 10 of the units have been completely upgraded + 2 New ADUs in the back. The building offers efficient unit mix for the area, consisting of ten (10) 1bed+1bath and five (5) Studio units. The property sits on a large 10,554 SF C2 zoned lot and includes RTI plans to convert 2 brand new ADUs into 6 ADUs, adding additional 4 units.
It is centrally located in a highly desirable area just minutes away from the home of LAFC our city’s premier professional soccer team, BMO Stadium, USC, Crypto Arena, Home of the Lakers, Clippers, and LA Kings.) Expo Park and the Metro Green Line. These properties are in a high density and high demand area which provides a consistent flow of renters for future vacancies.
The units are individually metered for electricity and gas and tenants pay for trash therefore minimizing the operating expenses.
The main property was built in 1923 and completely renovated with permits in 2023. Major capital improvements completed including new roofs, new electrical, new plumbing, new double pane windows throughout, new exterior paint, new entrance gate, new landscaping, and 10 of the units have been completely upgraded + 2 New ADUs in the back. The building offers efficient unit mix for the area, consisting of ten (10) 1bed+1bath and five (5) Studio units. The property sits on a large 10,554 SF C2 zoned lot and includes RTI plans to convert 2 brand new ADUs into 6 ADUs, adding additional 4 units.
It is centrally located in a highly desirable area just minutes away from the home of LAFC our city’s premier professional soccer team, BMO Stadium, USC, Crypto Arena, Home of the Lakers, Clippers, and LA Kings.) Expo Park and the Metro Green Line. These properties are in a high density and high demand area which provides a consistent flow of renters for future vacancies.
The units are individually metered for electricity and gas and tenants pay for trash therefore minimizing the operating expenses.
Faits sur la propriété
Commodités
Commodités des unités
- Climatisation
- Prêt pour le câble
- Traitement des déchets
- Cuisine
- Four
- Électroménagers en acier inoxydable
- Bain/Douche
- Fenêtres à double vitrage
Unité renseignements sur le mélange
| Description | Nombre d’unités | Loyer moyen/mois | pi² |
|---|---|---|---|
| 1+1 | 10 | - | 500 - 700 |
| Studios | 5 | - | 400 - 500 |
1 1
Moyennement accessible à pied
60/100
Exceptionnellement adapté aux voitures
90/100
Bons transports en commun
70/100
Plutôt accessible en vélo
50/100
Impôts fonciers
| Numéro de lot | 6004-031-040 | Évaluation des bâtiments | 372 448 $ CAD |
| Évaluation du terrain | 1 101 835 $ CAD | Évaluation totale | 1 474 283 $ CAD |
Impôts fonciers
Numéro de lot
6004-031-040
Évaluation du terrain
1 101 835 $ CAD
Évaluation des bâtiments
372 448 $ CAD
Évaluation totale
1 474 283 $ CAD
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5928 S Hoover St - Renovated Actual 8.01% CAP 12% Cash-on-cash
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