821 Gramercy Dr | Los Angeles, CA 90005
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- LoopNet Team
821 Gramercy Dr
Los Angeles, CA 90005
Build-to-Rent Property For Sale
·
9 Units
INVESTMENT HIGHLIGHTS
- 5.2% cap rate and 10.11% Cash-on-Cash Return with 100% occupancy
- 6 units delivered vacant at COE
- 17 gated, subterranean parking spaces
- Priced at 12.8 GRM with rents at market
- Controlled access property with mostly 2 bedroom units
- In the Heart of Koreatown, within walking distance to many trendy restaurants, nightlife venues and shops
PROPERTY FACTS
| No. Units | 9 | Property Size | 8,047 sq ft |
| Property Type | Build-to-Rent | Average Occupancy | 56% |
| Property Subtype | Apartment | No. Floors | 2 |
| Apartment Style | Low-Rise | Year Built | 1991 |
| Costar Property Class | C | Parking Allocation | 2.11/1,000 sq ft |
| Total Plot Size | 0.17 ac | ||
| Use Class | LAR3 | ||
| No. Units | 9 |
| Property Type | Build-to-Rent |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Costar Property Class | C |
| Total Plot Size | 0.17 ac |
| Property Size | 8,047 sq ft |
| Average Occupancy | 56% |
| No. Floors | 2 |
| Year Built | 1991 |
| Parking Allocation | 2.11/1,000 sq ft |
| Use Class | LAR3 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Vaulted Ceiling
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT PCM | sq ft |
|---|---|---|---|
| 1+1 | 1 | £1,695 | - |
| 2+1 | 4 | £2,238 | - |
| 2+2 | 4 | £2,463 | - |
PROPERTY TAXES
| Parcel Number | 5092-025-003 | Improvements Assessment | £854,808 |
| Land Assessment | £1,465,386 | Total Assessment | £2,320,194 |
PROPERTY TAXES
Parcel Number
5092-025-003
Land Assessment
£1,465,386
Improvements Assessment
£854,808
Total Assessment
£2,320,194
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