$4,250,000

Residential Income In Los Angeles

  • 15 Beds
  • 14 Baths
  • 10,147 Sqft
  • 9,325 Sqft lot
  • Updated: Today
  • Source:
    The MLS (CLAW)  MLS#26880445

About the Property

5810 San Vicente Boulevard, ”The Wick”, is a meticulously maintained fourteen-unit property comprised of (2) studios, (9) one bed-one bath, and (3) two bed-one bath units. Built in 1958, the property has had extensive capital improvements and renovations completed within the last 5 years, allowing new ownership to take advantage of a well stabilized, cash flowing asset. Improvements include 12/14
5810 San Vicente Boulevard, ”The Wick”, is a meticulously maintained fourteen-unit property comprised of (2) studios, (9) one bed-one bath, and (3) two bed-one bath units. Built in 1958, the property has had extensive capital improvements and renovations completed within the last 5 years, allowing new ownership to take advantage of a well stabilized, cash flowing asset. Improvements include 12/14 units remodeled, completed soft story retrofit, and new plumbing and electric. The Wick is priced at a 7.00% cap rate and 9.90 GRM with an upside to an 8.52% cap rate and upside to a 8.77 GRM at market rents. In addition, the property has eight parking spaces and storage that can be rented for additional income.
  • Property type

    Other

  • Year built

    1958

  • Price/sqft

    $418

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Dover Management Corp. - Toluca Lake

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Dover Management Corp. - Toluca Lake
California, United States
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3
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2025
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Dover Management Corp. - Toluca Lake
Toluca Lake, California, United States
View agency profile
Last updated
Today
First listed
Aug 26
Listing reference
26880445
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