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$ 4,250,000
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5810 San Vicente BLVD Los Angeles, CA 90019
15 Beds
14 Baths
10,147 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 10,147 sqft
Price per Sqft $418
MLS Listing ID 26880445
Bedrooms 15
HOA Y/N No
Year Built 1958
Lot Size 9,326 Sqft
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.
Location
State CA
County Los Angeles
Area C19 - Beverly Center-Miracle Mile
Zoning LAR3
Interior
Heating Baseboard
Cooling Wall/Window Unit(s)
Fireplace No
Appliance Dishwasher
Exterior
Parking Features Assigned
Building
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 5085023021
Special Listing Condition Standard
Listed by Douglas Steinriede Dover Management Corp. #00284936
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