1619 S St. Andrews Pl, Los Angeles
- 8,920 square foot lot with 4-unit MFR structure to be delivered fully vacant with permits ready to issue (RTI) plans for 23 residential units
- Excellent location on a quiet residential street in the high demand Arlington Heights neighborhood of Mid-City Los Angeles
- SB-8 exempt
- Developer-friendly parking configuration with 12 first level covered spaces and bike storage (no subterranean parking)
- Strong deal economics with a projected exit value of $9,500,000 and 16,824 finished square feet
- Attractive IRR possible through immediate ability to start construction after close
- 4-Unit multi-family existing property allows for attractive purchase financing
current
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PRICE
$2,300,000
ANNUAL INCOME
$617,184
ANNUAL NOI
$409,479
ANNUAL EXPENSE
$185,246
Rental Cost Details
| # OF UNITS | # OF BEDROOMS | # OF BATHS | ACTUAL RENT | TOTAL RENT | PRO FORMA | TOTAL PRO FORMA |
| 11 | 1 | 1 | $2,450 | $26,950 | $2,450 | $26,950 |
| 3 | 1 | 1 | $2,450 | $7,350 | $2,450 | $7,350 |
| 4 | 1 | 1 | $2,550 | $10,200 | $2,550 | $10,200 |
| 1 | 0 | 1 | $1,800 | $1,800 | $1,800 | $1,800 |
| 1 | 2 | 1 | $2,850 | $2,850 | $2,850 | $2,850 |
| 1 | 0 | 1 | $461 | $461 | $461 | $461 |
| 1 | 0 | 1 | $768 | $768 | $768 | $768 |
| 1 | 1 | 1 | $1,053 | $1,053 | $1,053 | $1,053 |
| TOTAL # OF UNITS | TOTAL # OF BEDROOMS | TOTAL # OF BATHS | GRAND TOTAL RENT | GRAND TOTAL PRO FORMA | ||
| 23 | 6 | 8 | $51,432 | $51,432 |
