Sam S. Manoukian 8183343451

10427 Odell Ave 6 Unit Apartment Building $1,499,000 ($249,833/Unit) 3.31% Cap Rate Sunland, CA 91040

INVESTMENT HIGHLIGHTS

BELOW MARKET RENTS

MOST UNITS WERE RENOVATED

EXECUTIVE SUMMARY

REDUCED....DPI is pleased to exclusively offer for sale 10427 Odell Ave a charming, well-maintained, pride of ownership six-unit apartment building. The property boasts a favorable unit mix of (2) x two-bedroom one-bathroom units, and (4) x one-bedroom one-bathroom units. Rents are below market and all tenants are M/M

10427 ODELL 6 UNITS OM

FINANCIAL SUMMARY (ACTUAL - 2023)	ANNUAL	ANNUAL PER SF
Gross Rental Income	$84,480	$16.29
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	$84,480	$16.29
Taxes	$16,430	$3.17
Operating Expenses	$18,438	$3.56
Total Expenses	$34,868	$6.72
Net Operating Income	$49,612	$9.57

FINANCIAL SUMMARY (ACTUAL - 2023)

Gross Rental Income
Annual	$84,480
Annual Per SF	$16.29

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	$84,480
Annual Per SF	$16.29

Taxes
Annual	$16,430
Annual Per SF	$3.17

Operating Expenses
Annual	$18,438
Annual Per SF	$3.56

Total Expenses
Annual	$34,868
Annual Per SF	$6.72

Net Operating Income
Annual	$49,612
Annual Per SF	$9.57

PROPERTY FACTS

Price	$1,499,000	Property Subtype	Apartment
Price Per Unit	$249,833	Apartment Style	Low-Rise
Sale Type	Investment	Building Class	C
Cap Rate	3.31%	Lot Size	0.17 AC
Sale Condition	1031 Exchange	Building Size	5,185 SF
Gross Rent Multiplier	20.7	Average Occupancy	100%
No. Units	6	No. Stories	2
Property Type	Multifamily	Year Built/Renovated	1958/2010
Zoning	R3

Price	$1,499,000
Price Per Unit	$249,833
Sale Type	Investment
Cap Rate	3.31%
Sale Condition	1031 Exchange
Gross Rent Multiplier	20.7
No. Units	6
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low-Rise
Building Class	C
Lot Size	0.17 AC
Building Size	5,185 SF
Average Occupancy	100%
No. Stories	2
Year Built/Renovated	1958/2010
Zoning	R3

Walk Score®

Very Walkable (77)

PROPERTY TAXES

Parcel Number	2560-040-015	Total Assessment	$1,368,957 (2024)
Land Assessment	$848,966 (2024)	Annual Taxes	$16,430 ($3.17/SF)
Improvements Assessment	$519,991 (2024)	Tax Year	2023