5810 San Vicente Boulevard, Los Angeles, CA 90019
- $4,250,000
- 15
- BD
- 14
- BA
- 10,147
- SqFt
- List Price
- $4,250,000
- Status
- ACTIVE
- MLS#
- 26880445
- Year Built
- 1958
- Bedrooms
- 15
- Bathrooms
- 14
- Living Sq. Ft
- 10,147
- Lot Size
- 9,325
- Acres
- 0.21
- Days on Market
- 17
- Property Type
- Multifamily
- Stories
- Multi Level
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
- Appliances
- Dishwasher
- Heat
- Baseboard
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- Attached Structure
- Detached
- Number Of Units Total
- 14
Listing courtesy of Listing Agent: Douglas Steinriede (listings@doverla.com) from Listing Office: Dover Management Corp..
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