$4,100,000
About this home
High-Performing 21-Unit Asset in Prime Los Angeles — CAP 6% and First Time on the Market in 20 Years! This rare offering delivers strong in-place income with a solid 6% CAP rate in one of Los Angeles’ most desirable rental markets. The property features a balanced and attractive unit mix: nineteen one-bedroom units, one two-bedroom unit, and a standout three-bedroom rooftop penthouse with its own private outdoor space—ideal for commanding premium rents. Located in a high-demand neighborhood, the building enjoys consistently strong occupancy and stable rental income, supported by immediate access to shopping, dining, and public transit. With room for value-add upgrades and rent growth, this asset offers both steady cash flow and significant long-term upside. Don’t miss this rare chance to acquire a high-yield property in a top-tier Los Angeles location!
Facts & features
- Laundry
- Common Area
- Lot size
- 0.228 acres (9,945 sq ft)
- Pool
- None
- Year built
- 1962
- Parking spaces
- 24
- Area
- 699 - Not Defined
- County
- Los Angeles
- Community features
- Sidewalks
- Status
- Active
- Property type
- Apartment
- Days on market
- 233
- Listed
- 2025-12-01
- Original price
- $4,890,000
- Terms
- Cash, Cash To New Loan, Exchange 1031
- Parcel #
- 5155013008
- MLS #
- SR25268861
