5810 San Vicente Blvd, Los Angeles, CA 90019
5810 San Vicente Blvd, Los Angeles, CA 90019
5810 San Vicente Blvd, Los Angeles, CA 90019
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$4,250,000
Est. payment /mo
15 Beds
14 Baths
10,147 SqFt
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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 10,147 sqft

Price per Sqft $418

MLS Listing ID 26880445

Bedrooms 15

Year Built 1958

Lot Size 9,325 Sqft

Acres 0.2141

Property Sub-Type Multi-Family

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

Area Beverly Center-Miracle Mile

Zoning LAR3

Rooms

Other Rooms None

Interior

Heating Baseboard

Cooling Wall/Window

Equipment Dishwasher

Exterior

Parking Features Assigned

Building

Level or Stories Multi/Split

Others

Special Listing Condition Standard


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TheMLS (CLAW)
Listed by Dover Management Corp.

NEARBY SCHOOL & BUSINESS

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John Matukas

John Matukas

+1(323) 377-4961

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