1816 W 25th Street, Los Angeles, CA 90018
5 Units
Sale Price $1,676,000
Property Highlights
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***Update***: Now at a 5.71% cap rate on current in place rents. The previously vacant unit has been leased at $2,295 proving our market rents
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5.71% Cap Rate
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One Vacant Unit
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21.2% Average Annual Return (ROI)
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110.5% Return Over 5 Years
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12.38 Market GRM
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Washers/Dryers in Units
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Perfect Owner/Occupied Opportunity
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Beautiful Turn Key Property In the Historic West Adams District
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Exquisitely Rehabbed Especially Popular Vintage Style Craftsman
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Gentrifying Location Rents Increased 9.1% in 1 Mile Radius (REIS)
6% Cash on Cash
Kelly Morgan Commercial Group and KW Commercial are proud to present a 5 Unit beautifully rehabbed Craftsmen with 6% cash on cash.
Located in the Historic West Adams District, with Washer and Dryer in each unit, the property currently has a large vacant One Bedroom unit that can be converted into a 2+1 Flex unit. Rent for a similar One Bedroom craftsman in the area with added bonus room is asking $2,650 rent.
Take a look at the cash flow analysis on page 31 of our OM that shows a scenario that would achieve a 7.4% cash on cash and an Average Annual ROI of 21.2%. This may be achieved by just doing minor upgrades to the one vacant unit and raising rents the allowable 3% per year which will more than double your investment in 5 years.
*The figures above are merely projections to be verified by Buyer. Seller and his/her representative do not warrant the accuracy of these figures. Buyer to conduct his/her own due diligence.
