Sold
10071 Carmenita Rd
- Huge 6-unit apartment building in South Whittier on an oversized lot priced below replacement cost at only $268 per square foot
- Perfect unit mix with all large two bedroom, one bathroom units
- Very well parked with carport for 6 cars plus 6 additional parking spaces
- Enormous 102% upside in rents to a cap rate of 6.5% and a GRM of 9.8X on market rents
- Rare opportunity for a true value add in a great location
Property Details
- Units: 6
- Gross Rent Multiplier: 19.74
- Cap Rate: 2.2
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Contact Listing AgentPrice
$1,425,000
Annual Income
$71,352
Annual NOI
$31,420
Annual Expense
$37,189
Rental Cost Details
| # OF UNITS | # OF BEDROOMS | # OF BATHS | ACTUAL RENT | TOTAL RENT | PRO FORMA | TOTAL PRO FORMA |
| 1 | 2 | 1 | $721 | $721 | $2,000 | $2,000 |
| 1 | 2 | 1 | $1,060 | $1,060 | $2,000 | $2,000 |
| 1 | 2 | 1 | $1,030 | $1,030 | $2,000 | $2,000 |
| 1 | 2 | 1 | $1,030 | $1,030 | $2,000 | $2,000 |
| 1 | 2 | 1 | $1,055 | $1,055 | $2,000 | $2,000 |
| 1 | 2 | 1 | $1,055 | $1,055 | $2,000 | $2,000 |
| TOTAL # OF UNITS | TOTAL # OF BEDROOMS | TOTAL # OF BATHS | GRAND TOTAL RENT | GRAND TOTAL PRO FORMA | ||
| 6 | 12 | 6 | $5,951 | $12,000 |
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