Property Details

Price $1,099,000

Year Built 1935

# of Units 6

Price P/ Unit $183,167

Sq. ft. 5,096 SF

Price p/ Sq. ft. $216

Current Cap Rate 5.65%

Proforma Cap Rate 11.98%

Lot Size 20,170 SF

Zoning LCR3YY

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About the Property

15613-17 S. White Ave. is a six-unit value-add opportunity offered at $183,167 per unit, $216 per foot, 5.65% current CAP, and 10.83 current GRM. With approx. 70% rental upside, the property will stabilize at an 11.98% market CAP & 6.35 market GRM at projected market rents (based on renovated units). Situated on a 20,170 SF lot with plenty of parking spaces (mix of one-car garages, covered, and surface spaces), the property presents an opportunity to add one or two ADUs (buyer to verify). 15613-17 S. White is comprised of four structures featuring (6) 2-bdrm. units averaging approx. 850 SF. Several units feature private front yards.

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