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6524 Brynhurst Ave, Los Angeles
- 11,398 square foot lot with a 4-unit MFR structure to be delivered with tenants in place
- Excellent location surrounded by multiple similar redevelopment projects
- Transit Oriented Community capacity study completed allowing for a maximum of 26 units (3 affordable), 36,000 square foot floor area, with no parking required
- Projected exit value at $14,000,000
- 4-unit multi-family existing property allows for attractive purchase financing
Property Details
- Units: 26
- Gross Rent Multiplier: 13.29
- Cap Rate: 4.7
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$1,250,000
Annual Income
$1,001,383
Annual NOI
$664,545
Annual Expense
$336,838
Rental Cost Details
| # OF UNITS | # OF BEDROOMS | # OF BATHS | ACTUAL RENT | TOTAL RENT | PRO FORMA | TOTAL PRO FORMA |
| 23 | 3 | 1 | $3,650 | $83,950 | $3,650 | $83,950 |
| 3 | 3 | 1 | $946 | $2,838 | $946 | $2,838 |
| TOTAL # OF UNITS | TOTAL # OF BEDROOMS | TOTAL # OF BATHS | GRAND TOTAL RENT | GRAND TOTAL PRO FORMA | ||
| 26 | 6 | 2 | $86,788 | $86,788 |
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