5810 San Vicente Boulevard, "The Wick", is a meticulously maintained fourteen-unit property comprised of (2) studios, (9) one bed-one bath, and (3) two bed-one bath units. Built in 1958, the property has had extensive capital improvements and renovations completed within the last 5 years, allowing new ownership to take advantage of a well stabilized, cash flowing asset. Improvements include 12/14 units remodeled, completed soft story retrofit, and new plumbing and electric. The Wick is priced at a 7.00% cap rate and 9.90 GRM with an upside to an 8.52% cap rate and upside to a 8.77 GRM at market rents. In addition, the property has eight parking spaces and storage that can be rented for additional income.
| MLS # | 26880445 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1958 |
| Days On Site | 27 |
| Listing Provided By | Dover Management Corp. | Douglas Steinriede |
| Bed(s) | 15 |
|---|---|
| Bath(s) | 14 |
| SQ Feet | 10,147 |
| Units | 14 |
| Building(s) | 1 |
| Zoning | LAR3 |
| Acreage | 0.21 |
| Cooling | Wall Window Units |
|---|---|
| Heating | Baseboard |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Appliances | Dishwasher |
| Parking Features | Assigned |
|---|
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90019 |
| Area | C19 Beverly Center Miracle Mile |
| Listing VS Median (in 90019) | |
Price: $4,250,000 low | high Med: $1,792,500 sqft: 10,147 low | high Med: 5,522 $ / sqft: $419 low | high Med: $335 On site: 27 low | high Med: 76.5 | |
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90019 |
| Area | C19 Beverly Center Miracle Mile |
| Listing VS Median (in 90019) | |
Price: $4,250,000 low | high Med: $1,792,500 sqft: 10,147 low | high Med: 5,522 $ / sqft: $419 low | high Med: $335 On site: 27 low | high Med: 76.5 | |