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Multifamily

11808-11812 Hart Street

11808 Hart St, Los Angeles, CA 91605

Listing Price: $2,950,000

Cap Rate
4.47%
Number of Units
12
Occupancy
100.0%
Price/Unit
$245,833
Price/Gross SF
$409.67
Gross SF
7,201

Investment Overview

11808 – 11812 Hart Street is an investment offering strong current income from existing 12 units on the lot plus a large backyard, graded and shovel ready with RTI plans for construction of 5 additional apartment units. The existing 12 units are offered at $2,650,000, offering a current cap of 4.47% and approximately $221,000 per door ( all tenants are current in rent payment), fully RTI plans for the graded and shovel ready portion of the property are offered at $325,000 for construction of 5 apartment units. Total offering price of this assets equals $2,975,000. Located in an Opportunity Zone with special tax benefits. Current ownership has expanded the electrical and plumbing systems to accommodate the addition of the new units. No tenant relocation needed. Enjoy strong current income from existing units while adding considerable value by adding the following unit mix to the site: Two Townhouse units with 2 Bed/2.5 Baths measuring 1030 and 1035 square feet each Two 1 Bed/1 Bath units measuring 772 and 835 square feet each One Single unit measuring 464 square feet. Pay for permits and start construction immediately. No tenant relocation needed. Shovel ready site.

Investment Highlights

  • Two separate buildings on one large and gated parcel
  • 12 units in total, 4 units located in 11808 Hart Street address and 8 units located in 11812 Hart Street structure
  • Lot size approximately 14,014 square feet
  • Copper Plumbing
  • All units have central heating and air conditioning
  • All units have newer aluminum double pane windows
  • Some units have individual water heaters
  • 11808 Hart street rehabbed in 2003

Exclusively Listed By

Financing By

Multifamily

11808-11812 Hart Street

Listing Price: $2,950,000

Cap Rate
4.47%
Number of Units
12
Occupancy
100.0%
Price/Unit
$245,833
Price/Gross SF
$409.67
Gross SF
7,201

Investment Highlights

  • Two separate buildings on one large and gated parcel
  • 12 units in total, 4 units located in 11808 Hart Street address and 8 units located in 11812 Hart Street structure
  • Lot size approximately 14,014 square feet
  • Copper Plumbing
  • All units have central heating and air conditioning
  • All units have newer aluminum double pane windows
  • Some units have individual water heaters
  • 11808 Hart street rehabbed in 2003

Investment Overview

11808 – 11812 Hart Street is an investment offering strong current income from existing 12 units on the lot plus a large backyard, graded and shovel ready with RTI plans for construction of 5 additional apartment units. The existing 12 units are offered at $2,650,000, offering a current cap of 4.47% and approximately $221,000 per door ( all tenants are current in rent payment), fully RTI plans for the graded and shovel ready portion of the property are offered at $325,000 for construction of 5 apartment units. Total offering price of this assets equals $2,975,000. Located in an Opportunity Zone with special tax benefits. Current ownership has expanded the electrical and plumbing systems to accommodate the addition of the new units. No tenant relocation needed. Enjoy strong current income from existing units while adding considerable value by adding the following unit mix to the site: Two Townhouse units with 2 Bed/2.5 Baths measuring 1030 and 1035 square feet each Two 1 Bed/1 Bath units measuring 772 and 835 square feet each One Single unit measuring 464 square feet. Pay for permits and start construction immediately. No tenant relocation needed. Shovel ready site.

Exclusively Listed By

Financing By

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