132 N Vendome St - Apartments FOR SALE


Los Angeles, CA 90026- Rampart Village
$2,250,000 USD
702-306-4733
132 N Vendome St, Los Angeles, CA for Sale
$2,250,000 USD
Apartments - FOR SALE
1/9
null | 4.39% Cap Rate

132 N Vendome St
Los Angeles, CA 90026
Rampart Village


HIGHLIGHTS

  • NON RENT CONTROL - Built in 1987
  • All 2bed/1Bth units
  • ADU Potential
  • Immediate upside in Rents without capital investment
  • Very easy to manage - late built minimal maintenance

OVERVIEW

Welcome to 132 Vendome. Located 2 blocks outside of the highly sought Silverlake community. This Non Rent Control building is made up of all 2bd/1bth units. All units have been renovated. All the heavy lifting has been done. Easy value add just by increasing rents. If you are familiar with the area you know the rents are well below market - rent for a 2bd/1bth is $2,600+. Presently rents are $400-$600 ($2,895/month) less. Management is very easy and minimal. Great location! ADU would be great value add. Always high demand for units in this building!

FOR SALE DETAILS

PRICE

$2,250,000 USD

PRICE/SF

$550 USD /SF

# OF UNITS

6

PRICE/UNIT

$375,000

CAP RATE

4.39%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1987

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,011 SF

ZONING

LARD1.5

APN/PARCEL ID

5156-011-015

ASK ABOUT THIS PROPERTY

David MakabiKeller Williams RealtyMore Info
702-306-4733

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

David MakabiKeller Williams RealtyMore Info
702-306-4733

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.