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1141 N Mission Rd 30 Unit Apartment Building $4,100,000 ($136,667/Unit) 8.64% Cap Rate Los Angeles, CA 90033
Investment Highlights
- Located near USC Keck School of Medicine and California State University, Los Angeles.
- Positioned within the Lincoln Heights neighborhood near Downtown Los Angeles.
- Diversified revenue stream from residential units, commercial space, and signage income.
Executive Summary
1141 N Mission Rd presents the opportunity to acquire a multifamily and retail asset in the Lincoln Heights neighborhood of Los Angeles. The property consists of 33 units, including housing accommodations and commercial income components, creating multiple revenue streams within a single investment. Recent ownership improvements include modernized interiors, upgraded electrical and plumbing systems, new HVAC infrastructure, enhanced kitchen facilities, renovated common areas, and outdoor amenity upgrades designed to improve the resident experience.
The asset is positioned near major educational institutions including the USC Keck School of Medicine and California State University, Los Angeles, supporting ongoing demand from the area's student population. The location also benefits from access to public transportation, major employment centers, Downtown Los Angeles, Chinatown, and surrounding cultural destinations. Lincoln Heights continues to attract residents seeking proximity to central Los Angeles while maintaining neighborhood connectivity and accessibility.
The offering is available at $4,100,000 and is reported with a current cap rate of 8.64%. The property features 30 residential units and three commercial income components, providing diversification within the rent roll. The property's student housing orientation, mixed-use configuration, and strategic infill Los Angeles location position it as a compelling investment opportunity for buyers seeking stable income and long-term value creation within one of Southern California's most supply-constrained markets.
The asset is positioned near major educational institutions including the USC Keck School of Medicine and California State University, Los Angeles, supporting ongoing demand from the area's student population. The location also benefits from access to public transportation, major employment centers, Downtown Los Angeles, Chinatown, and surrounding cultural destinations. Lincoln Heights continues to attract residents seeking proximity to central Los Angeles while maintaining neighborhood connectivity and accessibility.
The offering is available at $4,100,000 and is reported with a current cap rate of 8.64%. The property features 30 residential units and three commercial income components, providing diversification within the rent roll. The property's student housing orientation, mixed-use configuration, and strategic infill Los Angeles location position it as a compelling investment opportunity for buyers seeking stable income and long-term value creation within one of Southern California's most supply-constrained markets.
Property Facts
| Price | $4,100,000 | Building Class | C |
| Price Per Unit | $136,667 | Lot Size | 0.36 AC |
| Sale Type | Investment | Building Size | 13,099 SF |
| Cap Rate | 8.64% | Average Occupancy | 100% |
| Gross Rent Multiplier | 8.68 | No. Stories | 3 |
| No. Units | 30 | Year Built/Renovated | 1926/2021 |
| Property Type | Multifamily | Parking Ratio | 2.83/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | LAM2 | ||
| Price | $4,100,000 |
| Price Per Unit | $136,667 |
| Sale Type | Investment |
| Cap Rate | 8.64% |
| Gross Rent Multiplier | 8.68 |
| No. Units | 30 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.36 AC |
| Building Size | 13,099 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1926/2021 |
| Parking Ratio | 2.83/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | LAM2 |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- Controlled Access
- Gameroom
- Gas Range
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 30 | - | - |
Very walkable
80/100
Exceptionally drivable
100/100
Exceptional public transit
90/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,339,713 | |
| Land Assessment | $2,488,039 | Total Assessment | $3,827,752 |
Property Taxes
Parcel Numbers
Land Assessment
$2,488,039
Improvements Assessment
$1,339,713
Total Assessment
$3,827,752
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1141 N Mission Rd