• Price$12,000,000
  • Beds7
  • Acres0.49
  • Built1978

5505 Zelzah Avenue,

27+1NC Non Rent Control Upgraded Units in Encino with a Cash on Cash of 4.3%. It is leased almost 100% as 2 Bedroom Units withWasher/Dryer hookups in every unit. The property is being offered at a 4% Cap Rate and if you acquire the asset with a 5 year fixedavailable at 3.85% (i/o) Interest Only for the first 3 years the cash flow would start at 4.3%. Recently a 2 Bedroom unit was leasedclose to our market rents which proves that you could potentially achieve a 5% Cap Rate just by increasing rents. Thus af

Essential Information

  • MLS® #301757949
  • Price$12,000,000
  • Bedrooms7
  • Bathrooms0.00
  • Acres0.49
  • Year Built1978
  • TypeResidential Income
  • StatusACTIVE

Additional Information

  • Date ListedMarch 11th, 2019
  • Days on Market236
  • ZoningLAR3

Community Information

  • Address5505 Zelzah Avenue
  • AreaENCINO (91316)
  • CountyLos Angeles
  • StateCA
  • Zip Code91316

Listing Details

  • Listing OfficeKeller Williams-santa Monica
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Listing information last updated on November 13th, 2019 at 7:22pm PST.