6819 variel ave

canoga park, CA 91303

units

6

sqft

4,380

lot size

9,003

year built

1959

$2,100,000

DOM: 80Active19% Upside

$/unit

$350k

$/sqft

$479

GRM

15.6

CAP

3.9%

PadMint Analysis
Listing Details
Rent Comps
Sales Comps

Rent Roll

# UnitsBedsBathsCurrent RentMarket Rent
1 11$2,800 $2,800
1 11$2,800 $2,800
1 11$1,338 $1,500
1 11$975 $1,500
1 22$1,248 $2,000
1 32$2,060 $2,700
total monthly rent$11,221$13,300 +19%

Conventional Financing (estimated)

Price
$2,100,000.00
Down Payment ( 1.25 DCR )
42.74%
$897,609.50
Interest Rate
4%
Monthly Loan Payment
$5,740.40
Scheduled Gross Income
$134,652.00
Estimated Expenses
34.08%
$44,506.50
Net Operating Income
$86,105.94
Pre-Tax Cash Flow
1.92%*
$17,221.19
Total Return on Investment
4.31%*
$38,659.93

* As a percentage of the the down payment

Mitch McCarthy

DRE #01918618

PadMint Agent

Valuation Tool

Adjust the monthly rent below to see the Minted Estimate.

PadMint's Minted Estimate provides an estimated property value based on current market conditions and income data.

i

monthly rent

$11,221.00

Similar Nearby Properties

0

Listing VS Assessor

Sometimes the information from the listing doesn't match the information sourced from the county assessor. View the table below to see how the information compares.

FieldValue From ListingValue From Assessor
# of Units66
SQFT04,380
Lot Size9,0039,003
Year Built19591959
ZoningLAR3LAR3
APN2138-022-0162138-022-016

Sale History

price$/sqft$/unitdate
$256k$58$43k12-24-1998
$236k$54$39k4-2-1996

6819 Variel Avenue is a six unit multi-family building in Los Angeles, CA 91303. This 4,380 square foot building sits on a 9,003 square foot lot zoned as LAR3 and features one 3bed 2bath, one 2bed 2bath, and four 1bed 1bath units. This property was built in 1959 and is currently fully occupied. At its current asking price of $2,100,000 and current estimated monthly income of $11,221, this investment opportunity has an estimated CAP rate of 3.92% and an estimated GRM of 15.6.

Disclaimer: PadMint Inc. makes no warranty or representation about the content of the PadMint website. This information has been secured from sources we believe to be reliable, however all references to square footage, age, rents, projected rents, zoning, number of legal units and similar property-specific details should be considered approximations. Buyer must verify the information and bears all risk for any inaccuracies. This advertisement is not intended as a solicitation if your property is currently listed with another brokerage.

“Market rents are merely estimates by PadMint Inc. and may take into account substantial renovations. Seller and broker do not warrant or guarantee the stated estimated market rent. Buyer should use their own estimate of market rents. The information contained herein has been obtained from sources we deem reliable but is not guaranteed. Prospective buyers are advised to independently verify accuracy and to review any disclosure information on file with this office. Buyer to confirm unit and building measurements. PadMint Inc. does not warrant the accuracy of any representations of size of units, size of building or lot size.”

Note: The above expenses and vacancy factor are estimated only, based partly on industry standards. All prospective buyers should determine their own numbers for all expenses and the vacancy factor.

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Mitch McCarthy

DRE #01918618

PadMint Agent