5810 San Vicente Boulevard

About This Property

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.

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Listing courtesy of Dover Management Corp.

Listing data from CRMLS. Deemed reliable but not guaranteed.

Asking Price

$4,250,000

Est. Monthly Payment

$27,157/mo

20% down · 6.5% rate · 30yr

Run the Numbers

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Listing Agent

Douglas Steinriede

Dover Management Corp.