3648 Percy, Los Angeles 90023
- Huge newer construction Boyle Heights single parcel 6 unit campus comprised of (3) Duplexes with spacious 3 Bed, 2 Bath Units + RTI plans for (2) 1 Bed “Tiny Home” ADUs
- Main units finished in 2017 with ADUs ready to construct at close. Permits ready to issue plans included with sale
- Luxury newer construction finishes and features include in-unit laundry, stainless appliances with microwaves, dishwashers, and fridges, recessed overhead lighting, central AC, vaulted ceilings and balconies in upper units, vinyl plank flooring, master suites, fire sprinklers, water free landscaping, and modern open concept floor plans
- All Utilities are separately metered leaving zero utility expenses for the owner
- High yield, low expense property at an in-place cap rate of 4.9% and GRM of 13.42 with an additional 27% upside through rent increases and construction of ADUs to a market cap rate of 6.7% and a 10.57 GRM.
- Very well parked with 10 parking Spaces plus additional driveway parking
- Available alone or together with a very similar property 2 blocks away located at 3429 Percy St, LA, 90023
current
Download Offering Memorandum
UNITS: 6
GROSS RENT MULTIPLIER: 13.42
CAP RATE: 4.9%
PRICE
$2,850,000
ANNUAL INCOME
$212,352
ANNUAL NOI
$140,738
ANNUAL EXPENSE
$60,997
Rental Cost Details
| # OF UNITS | # OF BEDROOMS | # OF BATHS | ACTUAL RENT | TOTAL RENT | PRO FORMA | TOTAL PRO FORMA |
| 1 | 3 | 2 | $2,895 | $2,895 | $3,195 | $3,195 |
| 1 | 3 | 2 | $2,526 | $2,526 | $3,095 | $3,095 |
| 1 | 3 | 2 | $3,195 | $3,195 | $3,195 | $3,195 |
| 1 | 3 | 2 | $2,990 | $2,990 | $3,095 | $3,095 |
| 1 | 3 | 2 | $2,995 | $2,995 | $3,195 | $3,195 |
| 1 | 3 | 2 | $3,095 | $3,095 | $3,095 | $3,095 |
| TOTAL # OF UNITS | TOTAL # OF BEDROOMS | TOTAL # OF BATHS | GRAND TOTAL RENT | GRAND TOTAL PRO FORMA | ||
| 6 | 18 | 12 | $17,696 | $18,870 |
