5405 Fernwood AveLos Angeles, CA 90027

Property Details for 5405 Fernwood Ave

Year built

1939

Construction

WOOD

Lot size

0.80 AC

Property size (Sq ft)

24,088 SF

Zone code

LAR4

Property type

Apartment buildings

APN

5544-032-008

APU

5544032008

Description

This exceptional 28-unit apartment building, located at 5405 Fernwood Ave, Los Angeles, CA 90027, presents a compelling investment opportunity. Boasting a substantial 24,088 square feet on a 0.8-acre lot, this property offers a strong 5.01% cap rate and a healthy NOI of $385,819. The asking price is $7,700,000, translating to $275,000 per unit. Built in 1939, the building features a mix of 16 one-bedroom, one-bathroom units and 12 two-bedroom, one-bathroom units. Convenient onsite parking is available for residents. The property benefits from its proximity to schools and hospitals, making it an attractive option for families. Furthermore, its location offers easy access to the upscale retail, dining, and entertainment venues of the Hollywood and Melrose areas. The property is zoned LAR4 and its APN is 5544-032-088. This well-situated multifamily property presents a rare chance to acquire a strong performer in a desirable Los Angeles neighborhood. The building's size, unit mix, and location combine to create a robust investment with significant potential for future growth. This is a turnkey opportunity for an astute investor seeking a high-yield asset in a prime Los Angeles market.

• CAP approach

  CAP return

  Valuation

  6%

  $8,810,112

  6.5%

  $8,132,411

  7%

  $7,551,524

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,099,890

  Geo Method

  $7,099,890

• Alternative Use

  Use

  Valuation

  Residential

  $8,132,411

  Hospitality

  $7,449,245

  Educational

  $6,197,684

  Medical

  $6,410,832

  Retail

  $9,640,842

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.0961

Longitude

-118.308

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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