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10743 Ohio Ave 3 Unit Apartment Building $2,395,000 ($798,333/Unit) Los Angeles, CA 90024

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INVESTMENT HIGHLIGHTS

  • Prime Westwood Location
  • Priced Competitively Compared to SFR's in the Overall Neighborhood
  • Unit available for immediate occupancy by Owner/User

EXECUTIVE SUMMARY

This charming income property can be described simply as "very good real estate." ONE UNIT IS AVAIABLE FOR AN OWNER / USER. Built in 1936 and loaded with old world charm, this character triplex is located in one of the best rental markets not only in Los Angeles but in all of Southern California. Buildings like this are rarely available for sale making this a real opportunity to acquire in a neighborhood with a high barrier to entrance. Please don't let this opportunity pass you by. As an owner/user, this property makes sense as compared to SFR pricing in the immediate neighborhood. This triplex contains one - 1-bedroom+1-bath above the garage and two - 2-bedoom+1.25 bath (townhouse style) units. The townhouse units each have multiple entrances, a California basement, individual private patio and their own separate laundry area. Located in an area with a very diverse employment base with thousands of jobs in technology, entertainment, law, education, finance, public sector and government. The area is incredibly walkable with access to shops, boutiques and restaurants along Westwood/Santa Monica & Wilshire Boulevards. It is within close proximity to major freeways (the 10 & the 405) and is minutes by car to Beverly Hills and Westwood office buildings, UCLA, Brentwood, Santa Monica and Century City. It is also close to operational subway stations planed for Century City and along Wilshire Boulevard. Long term owner selling "As-Is" and intends to enter into a 1031 tax deferred exchange. Please do not walk on property or disturb tenants.

FINANCIAL SUMMARY (PRO FORMA - 2025)

ANNUAL ANNUAL PER SF
Gross Rental Income $104,952 $34.28
Other Income - -
Vacancy Loss - -
Effective Gross Income $104,952 $34.28
Taxes $28,000 $9.14
Operating Expenses $13,614 $4.45
Total Expenses $41,614 $13.59
Net Operating Income $63,338 $20.69

FINANCIAL SUMMARY (PRO FORMA - 2025)

Gross Rental Income
Annual $104,952
Annual Per SF $34.28
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $104,952
Annual Per SF $34.28
Taxes
Annual $28,000
Annual Per SF $9.14
Operating Expenses
Annual $13,614
Annual Per SF $4.45
Total Expenses
Annual $41,614
Annual Per SF $13.59
Net Operating Income
Annual $63,338
Annual Per SF $20.69

PROPERTY FACTS

Price $2,395,000
Price Per Unit $798,333
Sale Type Investment
No. Units 3
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 0.11 AC
Building Size 3,062 SF
Average Occupancy 100%
No. Stories 2
Year Built 1936
Parking Ratio 1.31/1,000 SF
Zoning LA [Q]RD1.5

AMENITIES

UNIT AMENITIES

  • Patio

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 1 $3,750 -
2+1.5 1 $3,256 -
Walk Score®
Very Walkable (77)
Transit Score®
Excellent Transit (71)
Bike Score®
Very Bikeable (73)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
  • Listing ID: 38057443

  • Date on Market: 10/13/2025

  • Last Updated:

  • Address: 10743 Ohio Ave, Los Angeles, CA 90024

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