5 Units - Bell: Property For Sale

Properties For Sale 5 Units - Bell

5 Units - Bell

6621 Walker Ave. Bell

Drive By Only. Do Not Disturb Tenants. Tenants Do Not Know Property Is For Sale

Offered at:
$1,200,000

Property Description

RE/MAX Commercial - Apartment Sales Division is pleased to present a 5-unit, NON rent controlled apartment building in Los Angeles. Constructed in 1957, the property consists of 3,645 rentable square feet, situated on a spacious 9,222 square foot lot with separate meters for gas and electricity. The unit mix consists of three 1 bedroom 1 bath and two 2 bedroom 1 bath units.

Tenants enjoy easy access to public transportation, as well as the convenience of the 710 freeway that offers access to all things in Los Angeles. There are five (5) covered parking spots in the rear of the property in a secured parking lot. This true, value-add deal is priced to sell being offered with a 5.3% CAP pro-forma with over 25% upside in rental income. Moreover, the property falls right in line with sales comparables and offers an owner a great return day one.

Due to its central location, excellent unit mix, and upside potential, 6621 Walker Ave would be a great income property for a first-time investor or an excellent addition to any owners portfolio.

Current Income

One 2-bedroom 1-bath $1,400
One 2-bedroom 1-bath $1,200
One 1-bedroom 1-bath $1,275
Two 1-bedroom 1-bath $950
Monthly Total $5,775

Cash Flow Analysis

Gross Scheduled Income $69,300
Operating Expenses $17,325 (25%)
Net Operating Income $51,975

Acquisition Data

Down Payment $300,000 (30%)
Loan Amount $900,000

Call or E Mail to request a Marketing Package and 10 Year Financial Analysis of this property. Marketing Package includes Complete Property Information, Sales and Rent Comparable Analysis. 10 Year Financial Analysis includes Complete Cash Flow Analysis, Itemized Expenses, Expected Cash Flow, Return on Initial Equity, Expected Gross Income Increase, Tax Benefits, Mortgage Principal Reduction, Expected Appreciation, Depreciation Analysis, Adjusted Cost Basis, Capital Gains Tax On Sale and more.

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