10121 Samoa Ave
$5,000,000
|
Closed
Property Details
Year Built:
1963
Units:
32
Price / Unit:
$156,250
Price / SqFt:
$233.14
CAP:
3.83%
GRM:
14.58
Executive Summary
- Well-Maintained Asset with Tremendous Upside; Current Rents are Below Market
- Low Price Per Unit of $159,375; Pro Forma GRM of 9.15
- Strong Unit Mix Including Singles, One Bedrooms, and Two Bedrooms
- Current Loss to Lease is 38%; Pro Forma Cap Rate of 7.53%
- Copper Plumbing, and Individual Water Heaters
- Low Utilities Due to Only Electric Appliances
- 32 Parking Spaces for 32 Total Units Plus 6 Additional Spaces
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