254 e lanzit ave

los angeles, CA 90061

units

5

sqft

5,600

lot size

10,512

year built

1991

$1,450,000

DOM: 168Active2% Upside

$/unit

$290k

$/sqft

$259

GRM

9.1

CAP

8.2%

PadMint Analysis
Listing Details
Rent Comps
Sales Comps

Rent Roll

# UnitsBedsBathsCurrent RentMarket Rent
5 31$13,250 $13,505
total monthly rent$13,250$13,505 +2%

Conventional Financing (estimated)

Price
$1,450,000.00
Down Payment ( 1.90 DCR )
25.00%
$362,500.00
Interest Rate
4%
Monthly Loan Payment
$5,191.89
Scheduled Gross Income
$159,000.00
Estimated Expenses
23.30%
$35,934.20
Net Operating Income
$118,295.80
Pre-Tax Cash Flow
15.45%*
$55,993.10
Total Return on Investment
20.80%*
$75,383.34

* As a percentage of the the down payment

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

$13,250.00

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 Units55
SQFT5,6003,600
Lot Size10,51210,512
Year Built19911991
ZoningLARD2LARD2
APN6083-003-0076083-003-007

Sale History

PadMint does not have any sale history data for 254 E LANZIT AVE.

254 E Lanzit Avenue is a five unit multi-family building in Los Angeles, CA 90061. This 5,600 square foot building sits on a 10,512 square foot lot zoned as LARD2 and features five 3bed 1bath units. This property was built in 1991 and is currently fully occupied. At its current asking price of $1,450,000 and current estimated monthly income of $13,250, this investment opportunity has an estimated CAP rate of 8.16% and an estimated GRM of 9.12.

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.