Contacts
Tamarack Real Estate Services
Property Details
- Property Type Multi-Family
- Property Size 6,336 SF
- Units 12
- Lot Size 0.16 Acre
- Cap Rate % 5.92
- Year Built 1923
- Date Updated Jan 8, 2025
This 12-unit apartment building is comprised of three (3) 4-unit buildings, totaling
12 units. This 1920’s style building, a charming and classic Los Angeles design, is a
unique asset. Each unit has direct access to the outside courtyard. The units all face
south, overlooking the Grand View Retirement Center. With MacArthur Park to the
South and 3rd Street to the North, this multi-family property has a desirable Los
Angeles location with walkability and endless amenities in proximity.
This well-maintained asset is fully gated and secure, with street parking only, and is
separately metered for gas and electric. Rents are currently below market, with
excellent 33% upside. The current Cap Rate is 5.92% and current GRM is 10.57.
Reach out to the broker for more info on lease terms and amenities
Getting around
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Walk Score ®
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Transit Score ®
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Bike Score ®
Location
- City Los Angeles, CA
- Neighborhood Westlake
- Zip Code 90057
- Market Los Angeles
Points of Interest
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Westlake/MacArthur Park
0.33 miles
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7th Street/Metro Center
1.26 miles
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7th Street/Metro Center Station
1.33 miles
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Vermont/Beverly Station
1.39 miles
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Wilshire/Normandie
1.44 miles
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Wilshire/Normandie Station
1.45 miles
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Grand Avenue Arts/Bunker Hill
1.47 miles
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Olive Street
1.61 miles
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Pershing Square
1.64 miles
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Hill Street
1.66 miles
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Chevron
0.49 miles
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Arco
0.71 miles
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Shell
0.76 miles
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76
0.87 miles
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Mobil
1.17 miles
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Electric Vehicle Charging Station
2.90 miles
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FLO
6.46 miles
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Tesla Supercharger
7.12 miles
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Parking electrique
7.13 miles
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Culver City Supercharger
8.36 miles
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Metro Kiss and Ride
0.34 miles
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Vermont & WIlshire Parking Lot -LADOT Facility No. 691
0.89 miles
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Dillingham lot
1.10 miles
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FIGat7th
1.14 miles
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West Garage
1.22 miles
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East Garage
1.29 miles
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Promenade Towers Parking Garage
1.30 miles
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Westin Bonaventure Hotel Parking Garage
1.32 miles
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444 South Flower Parking Garage
1.35 miles
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City National Plaza Parking Garage
1.36 miles
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Park Plaza Hotel
0.21 miles
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Holiday Inn Express
0.23 miles
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Central Lake Hotel
0.29 miles
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Cameo Hotel
0.30 miles
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Hollywood Inn Express South
0.53 miles
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Hotel Solaire
0.55 miles
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Ramada Los Angeles/Downtown West
0.74 miles
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Staples Centre Inn
0.75 miles
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Tuscan Garden Inn
0.76 miles
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Rodeway Inn Convention Center
0.78 miles
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Food 4 Less
0.43 miles
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Smart & Final
0.58 miles
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Target
0.59 miles
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Northgate Market
0.73 miles
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Galleria Market - Galleria Vermont
0.91 miles
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Grocery Outlet
0.93 miles
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Ralphs
0.97 miles
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El Super
0.98 miles
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Ross
1.03 miles
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Vons
1.04 miles
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
Tamarack Real Estate Services