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11158-11162 Massachusetts Ave 14 Unit Apartment Building $3,200,000 ($228,571/Unit) 5.18% Cap Rate Los Angeles, CA 90025
Investment Highlights
- Great Corner Lot near 405 and Santa Monica Blvd
- Great Parking and Most Units Renovated
- $228k Per Unit and 11.7 GRM with Upside
- Fully Occupied Charming Two Story Structure
Executive Summary
11158-11162 Massachusetts Ave is an apartment community constructed in 1955. The property totals 6,044 gross square footage and consists of (2) Efficiency/One-Bathroom units, (10) Studio/One-Bathroom units and (2) One-Bedroom/One-Bathroom units averaging 421 square feet per unit. The property has approximately 12 open parking spaces.
Situated in the neighborhood of Westwood, a commercial and residential neighborhood that’s bordered by Beverly Hills to the east and Century City on the southeast. Westwood was initially developed in 1919 by Arthur Letts, the founder of the Broadway and Bullock's department stores. Developed in 1929 by Janss Investment Company, Westwood Village is a shopping and commercial district in the heart of Westwood, home to cultural attractions like the Hammer Museum and Geffen Playhouse. The campus of the University of California, Los Angeles (UCLA) is just north of Westwood Village.
Situated in the neighborhood of Westwood, a commercial and residential neighborhood that’s bordered by Beverly Hills to the east and Century City on the southeast. Westwood was initially developed in 1919 by Arthur Letts, the founder of the Broadway and Bullock's department stores. Developed in 1929 by Janss Investment Company, Westwood Village is a shopping and commercial district in the heart of Westwood, home to cultural attractions like the Hammer Museum and Geffen Playhouse. The campus of the University of California, Los Angeles (UCLA) is just north of Westwood Village.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $3,200,000 | Apartment Style | Low-Rise |
| Price Per Unit | $228,571 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 5.18% | Building Size | 6,044 SF |
| Gross Rent Multiplier | 11.7 | Average Occupancy | 100% |
| No. Units | 14 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1955 |
| Property Subtype | Apartment | Parking Ratio | 1.99/1,000 SF |
| Zoning | M1-1, Los Angeles - Light industrial | ||
| Price | $3,200,000 |
| Price Per Unit | $228,571 |
| Sale Type | Investment |
| Cap Rate | 5.18% |
| Gross Rent Multiplier | 11.7 |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 6,044 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1955 |
| Parking Ratio | 1.99/1,000 SF |
| Zoning | M1-1, Los Angeles - Light industrial |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Online Services
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 12 | $1,411 | 300 - 400 |
| 1+1 | 2 | $2,065 | 650 |
Moderately walkable
70/100
Very drivable
80/100
Exceptional public transit
90/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 4324-035-001 | Total Assessment | $1,152,718 |
| Land Assessment | $699,320 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $453,398 | Tax Year | 2025 |
Property Taxes
Parcel Number
4324-035-001
Land Assessment
$699,320
Improvements Assessment
$453,398
Total Assessment
$1,152,718
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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