Active
$5,900,000
21 Units
21 Beds
22 Baths
17,712 Area(sq.ft.)
Lot: 16,801 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 19 | 1 | 1 | No | $ 1,635 | $ 31,071 | $ 2,195 |
| Unit 2 | 1 | 2 | 2 | No | $ 2,289 | $ 2,289 | $ 2,695 |
| Unit 3 | 1 | studio | 1 | No | $ 1,250 | $ 1,250 | $ 1,495 |
| 21 | 21 | 22 | $ 34,604 | $ 593,888 | $ 45,895 |
| MLS #: | 25513103 |
| Days On Market: | 264 |
| Listing Date: | March 17, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 333 |
| Price per unit: | $ 280,952 |
| Year Built: | 1973 |
Property Details
This well-maintained apartment complex is perfectly located just moments away from the bustling Ventura Boulevard, providing residents with immediate access to an array of dining, shopping, and entertainment options. The thoughtfully designed units, consisting of 1 Single + One Bath Unit, 19 One Bedroom + One Bath Units, and One Two Bedroom + 2 Bath Unit, offer spacious layouts with amenities such as central air conditioning, dishwashers, patio/balconies, elevator, and covered parking. Moreover, with easy access to major freeways like the 101 and I-405, commuting throughout Los Angeles is a breeze, making it an ideal choice for professionals and families alike. The combination of its prime location and well-appointed units makes 4553 Willis Avenue a truly outstanding place to call home, offering a rare opportunity for comfortable, high-quality living in one of LA's most desirable neighborhoods.Interested in this Listing?
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Income Details
| Vacancy Rate: | 12% |
| Gross Operating Income: | $ 419,854 |
| Total Annual Expense: | $ 177,565 |
| Net Operating Income: | $ 242,289 |
| Gross Annual Income: | $ 415,321 |
| Cap Rate: | 4.11% |
| Gross Rent Multiplier: | 13.65 |
Structure
| Type of Units: | Apartments |
| Buildings: | 1 |
| Levels: | Three Or More |
Land & Parking
| Zoning: | LAR3 |
| Parking Garage: | Controlled Entrance, Gated |
| Total Parking: | 28 |
Interior
| AC/Cooling: | Central |
| Equipment: | Dishwasher, Range/Oven |
| Heating: | Central |
Exterior
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