5505 Zelzah Avenue

    Encino, CA 91316
    • $12,000,000
    • STATUS: Active
    • ON SITE: 127 days
    • ID#: 19445006
    UPDATED: 45 min ago
    $12,000,000
    • 53
      BEDS
    • 0.49
      ACRES
    • 36
      BATHS
    • 0
      1/2 BATHS
    • 29,536
      SQFT
    • $406
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1978
    County:
    Area:

    School Ratings & Info

    Description

    27+1NC Non Rent Control Upgraded Units in Encino with a Cash on Cash of 4.3%. It is leased almost 100% as 2 Bedroom Units withWasher/Dryer hookups in every unit. The property is being offered at a 4% Cap Rate and if you acquire the asset with a 5 year fixedavailable at 3.85% (i/o) Interest Only for the first 3 years the cash flow would start at 4.3%. Recently a 2 Bedroom unit was leasedclose to our market rents which proves that you could potentially achieve a 5% Cap Rate just by increasing rents. Thus after youraise rents and switch to an Amortized loan you would still have 4.17% Cash on Cash.Also take a look at the cash flow analysis on page 38 and you will see a scenario that would achieve a 20.5% Average Annual ROI.That will double your investment in five years.That's an amazing return for a property that is in an A+ neighborhood with 100% of the interiors already upgraded.

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    Based on information from CARETS as of 2019-07-23T06:50:59.413. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
    www.lydiagable.com/homes/92784519

    5505 Zelzah Avenue Encino, CA 91316

    • Price: $12,000,000
    • Status: Active
    • Updated: 45 min ago
    • ID#: 19445006
    53
    Beds
    36
    Baths
    0
    ½ Baths
    0.49
    Acres
    29,536
    SQFT
    $406
    $/SQFT
    1978
    Built
    Neighborhood:
    Encino (Enc)
    County:
    Los Angeles
    Area:
    Encino (Enc)
    Property Description
    27+1NC Non Rent Control Upgraded Units in Encino with a Cash on Cash of 4.3%. It is leased almost 100% as 2 Bedroom Units withWasher/Dryer hookups in every unit. The property is being offered at a 4% Cap Rate and if you acquire the asset with a 5 year fixedavailable at 3.85% (i/o) Interest Only for the first 3 years the cash flow would start at 4.3%. Recently a 2 Bedroom unit was leasedclose to our market rents which proves that you could potentially achieve a 5% Cap Rate just by increasing rents. Thus after youraise rents and switch to an Amortized loan you would still have 4.17% Cash on Cash.Also take a look at the cash flow analysis on page 38 and you will see a scenario that would achieve a 20.5% Average Annual ROI.That will double your investment in five years.That's an amazing return for a property that is in an A+ neighborhood with 100% of the interiors already upgraded.
    Exterior Features

    Parking Spaces Total 51 Parking Type Community Garage

    Interior Features

    Appliances None Cooling Type Air Conditioning Heating Type Central Furnace Total Floors 2 Unit Furnished01 Unfurnished Unit Furnished02 Unfurnished Unit Furnished03 Unfurnished Unit Furnished04 Unfurnished Unit Furnished05 Unfurnished Unit Furnished06 Partially Unit Furnished07 Partially Unit Furnished08 Partially Unit Furnished09 Partially Unit Furnished10 Partially Unit Furnished11 Partially Unit Furnished12 Partially Unit Furnished13 Partially Unit Number Of Bath01 1.0 Unit Number Of Bath02 1.0 Unit Number Of Bath03 1.0 Unit Number Of Bath04 2.0 Unit Number Of Bath05 1.5 Unit Number Of Bath06 1.0 Unit Number Of Bed01 1 Unit Number Of Bed02 2 Unit Number Of Bed03 2 Unit Number Of Bed04 2 Unit Number Of Bed05 2 Unit Number Of Bed06 0

    Property Features

    Adjusted Gross Income 761817.00 Assessed Improvement Value 1890770.00 Assessed Land Value 1668326.00 Country United States Of America Expense Total Annual 260643.00 Gross Operating Income 738962.00 Gross Rent Multiplier 15.75 Hoa YN N Legal Disclosures Take Property As Is Lot Size Source Public Records Net Operating Income 478379.00 Number Of Buildings 1 Special Conditions Standard Sale Square Footage Source Public Records Unit Monthly Rent01 2035.00 Unit Monthly Rent02 2107.00 Unit Monthly Rent03 2130.00 Unit Monthly Rent04 2326.00 Unit Monthly Rent05 2435.00 Unit Projected Total Monthly Rent01 2195.00 Unit Projected Total Monthly Rent02 36750.00 Unit Projected Total Monthly Rent03 4990.00 Unit Projected Total Monthly Rent04 20600.00 Unit Projected Total Monthly Rent05 2695.00 Unit Total Monthly Rent01 2035.00 Unit Total Monthly Rent02 31600.00 Unit Total Monthly Rent03 4260.00 Unit Total Monthly Rent04 18608.00 Unit Total Monthly Rent05 2435.00 Unit Type01 1 Unit Type02 15 Unit Type03 2 Unit Type04 8 Unit Type05 1 Units Total In Complex 28 Zoning Lar3

    Listing provided courtesy of Kelly Morgan DRE#01898026 of Keller Williams-Santa Monica.


    Based on information from CARETS as of 2019-07-23T06:50:59.413. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
     
    Lydia Gable Realty Group | Compass
    2945 Townsgate Road Suite 300
    Westlake CA, 91361