x
Address
5505 Zelzah Avenue Encino, CA
Price
$ 12,000,000
Property Attributes
  • MLS#19445006
  • TypeIncome
  • CountyLOS ANGELES
  • CityEncino
  • AreaEncino
  • Zip91316
  • Style
  • Price$ 12,000,000
  • Bedrooms53
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage29536
  • Lot Size0.49 Acres
Listing Provided Courtesy Of:
Keller Williams-Santa Monica
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.

Elementary School Middle School High School
Unknown Elementary School Unknown Middle School Unknown High School
Price History
3/18/2019 Listed $12,000,000

General Features

Grn Certif Rating 0.00
MLS Area Encino
Maintenance 0.00
Property SubType Residential Income
Property Type Residential Income
Senior Community Y/N No
Total Units 28
Transaction Type Sale
Trash Expense 0.00
Water Sewer Expense 0.00
Year Built 1978
Zoning LAR3

Interior Features

# Of Ranges 0.00
Cooling Air Conditioning
Dishwasher(s) 0.00
Disposal(s) 0.00
Heating Central Furnace
Living Area 29536.00
Refrigerators 0.00
Total Bedrooms 53

Exterior Features

Bathrooms 36.00
Land Lease Amount 0.00
Lot Size Acres 0.49
Lot Size Source (Assessor)
Lot Size Square Feet 21335.00
Lot Size Units SqFt
Number of Buildings 1
Private Pool Y/N No
Total Parking 51

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 91316

Price
AVG $7.51M
$12M
Visits
AVG 69
39
Year Built
AVG 1966
1978
Walkscore
AVG 60
60
Data Provided by Walkscore ® not using MLS data

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