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5505 Zelzah Avenue
Encino, CA 91316
53 Beds   36 Baths
29,536 SqFt
21,335 SqFt Lot
0.4898 Acres

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.
Property Type:   Multi-Family
Bedrooms:   53
Baths:   36
Living Space:   29,536 SqFt
Lot Size:   21,335 SqFt Lot
Lot Acres:   0.4898 Acres
Year Built:   1978
Neighborhood:   Encino (ENC)
MLS#:   19-445006
Home Features
Two+ Story

Listing Agent: Kelly Morgan    Listing Broker: Keller Williams-Santa Monica    Agent Phone: 3108363638    Broker Phone: 3104822200   

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