Lee O'Donnell
310-614-1579
lee@albcommercialcapital.com
WebVest Apartment Pro Demo
 
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Asking Price:  
$10,500,000
Current GRM:  
12.04
Market GRM:  
10.38
Current CAP:  
4.92%
Market CAP:  
5.59%
Cost / Unit:  
$141,892
Gross Building Area:  
51,668
Cost / SqFt:  
$203
Current Income:  
$871,800
Market Income:  
$1,011,120
Total Expenses:  
$329,530
Project Name:  
WebVest Apartment Pro Demo
# of Units:  
74
Address:  
3000-3010 Parkview Ave.
Cash Down Payment:  
$3,675,000 (35.00%)
City:  
Torrance
1 st TD Financing:  
$6,825,000 (65.00%)
State:  
CA.
2nd TD Financing:  
$0 (0.00%)
Zip:  
90050
Commission Split:  
Contact for Details
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Approximately 68% of the apartments have received upgrades with dishwasher installation, new carpets, linoleum, glazing to counter tops, bathroom tub and tile and new lighting fixtures. Exterior upgrades include new paint and landscaping and BBQ area for residents. The current owner is in the process of upgrading additional units to fully stabilize the subject property and is under professional management.