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10,147 SqFt
$ 4,250,000
Est. payment | /mo
10,147 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 10,147 sqft
Price per Sqft $418
MLS Listing ID CL26880445
HOA Y/N No
Year Built 1958
Lot Size 9,325 Sqft
Acres 0.2141
Property Sub-Type Other
Property Description
5810 San Vicente Boulevard, "The Wick", is a meticulously maintained fourteen-unit property comprised of (2) studios, (9) one bed-one bath, and (3) two bed-one bath units. Built in 1958, the property has had extensive capital improvements and renovations completed within the last 5 years, allowing new ownership to take advantage of a well stabilized, cash flowing asset. Improvements include 12/14 units remodeled, completed soft story retrofit, and new plumbing and electric. The Wick is priced at a 7.00% cap rate and 9.90 GRM with an upside to an 8.52% cap rate and upside to a 8.77 GRM at market rents. In addition, the property has eight parking spaces and storage that can be rented for additional income.
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Heating Baseboard
Cooling Wall/Window Unit(s)
Fireplace No
Building
New Construction No
Others
Tax ID 5085023021
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Listed by Douglas Steinriede • Dover Management Corp.
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