1816 W 25th Street, Los Angeles, CA 90018

5 Units
Sale Price $1,676,000

Property Highlights

  • ***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

  • 5.71% Cap Rate

  • One Vacant Unit

  • 21.2% Average Annual Return (ROI)

  • 110.5% Return Over 5 Years

  • 12.38 Market GRM

  • Washers/Dryers in Units

  • Perfect Owner/Occupied Opportunity

  • Beautiful Turn Key Property In the Historic West Adams District

  • Exquisitely Rehabbed Especially Popular Vintage Style Craftsman

  • 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.

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