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Located in the heart of Los Angeles's Southeast corridor, this solid-income multifamily building presents an excellent investment opportunity. Built in 1955, this two-story asset features a total of 4,954 sq ft of living area on a 6,758 sq ft lot. Unit & Building Details "¢ 10 total bedrooms and 6 full bathrooms. 1 year old ROOF "¢ Structured as multiple units (6 inferred units) in a low-rise configuration. "¢ Off-street parking/garage capacity for approximately eight vehicles, providing tenant convenience and upside potential. "¢ Zoned LAC2 (multifamily residential), offering flexibility for multifamily use and potential value-add strategies "¢ "¢ Investment Highlights "¢ Proven footprint: The large unit count and low per-unit square footage provide strong flexibility for tenant mix, re-tenanting, and income growth. "¢ Value-add potential: Given the scale of the building and number of units, there is potential to increase rents, optimize expenses, and improve cap rate through active management or refurbishment. "¢ Location merits: Situated in ZIP 90003, the property benefits from access to Los Angeles's broad rental market, providing both demand and appreciation upside. Neighborhood & Market Position The property is located in a stable, urban residential neighborhood of Los Angeles where demand for rental housing remains strong. With this building's characteristics"”size, unit count, parking, zoning"”it represents a rare offering in this submarket. Given your earlier numbers (purchase price $1.3 M, income ~$100.62 k/yr, expenses ~$32.94 k/yr), the current cap rate is approximately 5.21%, which aligns with solid returns in this market and given potential for growth.
Property Type(s):
Residential Income
| Last Updated | 10/27/2025 | Year Built | 1955 |
|---|---|---|---|
| Community | C23 - Metropolitan | County | Los Angeles |
Additional Details
| AIR | None |
|---|---|
| AREA | C23 - Metropolitan |
| CONSTRUCTION | Stone |
| LOT | 6756 sq ft |
| LOT DESCRIPTION | Paved |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| UTILITIES | Sewer Connected |
| VIEW | Yes |
Location
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Listed with Century 21 Realty Masters
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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