18375 collins st

tarzana, CA 91356

units

49

sqft

44,427

lot size

41,601

year built

1985

$15,450,000

DOM: 350Active4% Upside

$/unit

$315k

$/sqft

$348

GRM

13.7

CAP

4.9%

PadMint Analysis
Listing Details
Rent Comps
Sales Comps

Rent Roll

# UnitsBedsBathsCurrent RentMarket Rent
38 11$68,400 $72,200
11 22$25,850 $26,000
total monthly rent$94,250$98,200 +4%

Conventional Financing (estimated)

Price
$15,450,000.00
Down Payment ( 1.25 DCR )
32.20%
$4,974,544.53
Interest Rate
4%
Monthly Loan Payment
$50,011.43
Scheduled Gross Income
$1,131,000.00
Estimated Expenses
31.62%
$346,898.60
Net Operating Income
$750,171.40
Pre-Tax Cash Flow
3.02%*
$150,034.28
Total Return on Investment
6.77%*
$336,812.69

* 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

$94,250.00

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 Units4960
SQFT044,427
Lot Size41,60141,601
Year Built19851985
ZoningLAR3LAR3
APN2157-005-0712157-005-071

Sale History

PadMint does not have any sale history data for 18375 COLLINS ST.

18375 COLLINS Street is a forty nine unit multi-family building in Los Angeles, CA 91356. This 44,427 square foot building sits on a 41,601 square foot lot zoned as LAR3 and features thirty eight 1bed 1bath, and eleven 2bed 2bath units. This property was built in 1985 and is currently fully occupied. At its current asking price of $15,450,000 and current estimated monthly income of $94,250, this investment opportunity has an estimated CAP rate of 4.86% and an estimated GRM of 13.66.

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