5810 San Vicente Boulevard, Los Angeles, CA 90019
- $4,250,000
- 15
- BD
- 14
- BA
- 10,147
- SqFt
Listing courtesy of Listing Agent: Douglas Steinriede (listings@doverla.com) from Listing Office: Dover Management Corp..
- List Price
- $4,250,000
- Status
- ACTIVE
- Days on Market
- 1
- MLS#
- 26880445
- Subtype
- Residential Income
- Year Built
- 1958
- Bedrooms
- 15
- Bathrooms
- 14
- Living Area
- 10,147
- Lot Size
- 9,325
- Acres
- 0.21
- MLS Area Major
- Beverly Center-Miracle Mile (C19)
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.
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Additional Information
- Zoning
- LAR3
- Appliances
- Dishwasher
- Heating
- Baseboard
- Air Conditioning
- Yes
- Stories
- Multi Level
- Levels
- Multi/Split
- Parking Features
- Assigned
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.