5810 San Vicente Boulevard, Los Angeles, CA 90019
List Price: $4.25M
Listing Status: Active
0Days on Market: 0
15 Bedrooms · 14 Bathrooms · 10,147 sq ft
Property Type: ResidentialIncome
Year Built: 1958
Lot Size: 9,325 sq ft
MLS Number: 26880445
About This Property
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.
Listing provided by: Douglas Steinriede DRE #00284936 818-843-5200 listings@doverla.com, Dover Management Corp.
Source: CRMLS, MLS #: 26880445
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.