34.17069 -118.522514

5505 ZELZAH Avenue Los Angeles, CA 91316

234014141 34.17069 -118.522514 124 /listing/234014141-150140784/5505-zelzah-avenue-los-angeles-ca-91316 False 0 11500000 105 19445006 False
  • $11,500,000
  • Est payment $61734.49/mo

Property & Neighborhood Info

Courtesy Of Kelly Morgan, Keller Williams-Santa Monica

Multi-Family in Encino

HUGE PRICE REDUCTION-27+1NC (rent capped-C of O dated 1979) Upgraded Units in Encino with a 4.4% Cap Rate. It is leased almost 100% as 2 Bedroom Units with Washer/Dryer hookups in every unit. The property is being offered at a 4.4% Cap Rate and if you acquire the asset with a 5 year fixed loan available at 3.95% (i/o) Interest Only for the first 3 years the pre-tax cash flow would start at 5.01% . Recently a 2 Bedroom unit was leased above our market rents which proves that you could potentially achieve a 5.24% Cap Rate (with the loan fully amortized) just by increasing rents to market. Thus after you raise rents and switch to an Amortized loan you would have 4.55% Cash on Cash. This is an excellent return for a turn-key property that is in an A+ location with upgraded interiors.

Courtesy Of Kelly Morgan, Keller Williams-Santa Monica

Main Features

  • Listing Status: Active
  • Year Built: 1978
  • Floors: 2
  • County: Los Angeles
  • Units: 28
  • Zoning: LAR3
  • MLS Number:19445006

Additional Features

  • Land Size Source:
    • Assessor
  • Parking:
    • Community Structure
  • Heating:
    • Central
  • Number of Buildings:
    • 1
  • Gross Income:
    • 753552.00
  • Net Operating Income:
    • 501887.00
  • CDOM:
    • 321
  • Special Conditions:
    • Standard
  • Gross Operating Income:
    • 757167.00
  • Listing Key:
    • 362291529
  • Tax ID:
    • 2162009014
Neighborhood info courtesy of Homes.com © 2020

What's My Mortgage?

$38,769.95*
*Estimated monthly payment is a starting point to help assist you with your home search. To find out more about mortgage pre-qualification, click here.
Alice McCain
Alice McCain
GRI, CRS, SRES
9003 Reseda Blvd. #105 Northridge CA 91324
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34.17069 -118.522514

5505 ZELZAH Avenue Los Angeles, CA 91316

234014141 34.17069 -118.522514 124 /listing/234014141-150140784/5505-zelzah-avenue-los-angeles-ca-91316 False 0 11500000 105 19445006 False
  • $11,500,000
  • Est payment $61734.49/mo