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1351 Armadale Ave 16 Unit Apartment Building $4,240,000 ($265,000/Unit) 5.75% Cap Rate Los Angeles, CA 90042
Investment Highlights
- Meaningful value-add opportunity with current rents below market levels
- Dense infill Los Angeles location near major employment centers
- ±0.8 miles from Occidental College driving consistent housing demand
- Balanced 16-unit mix of eight 1-bed and eight 2-bed apartments
- Limited new apartment development supports long-term rent growth
- Los Angeles ranked #2 multifamily market in the U.S. by total inventory
Executive Summary
David Harrington
License # 01320460, 02168060 (CA)
Matthews Real Estate Investment Services, Inc
2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245
(866) 889-0550
License # 01320460, 02168060 (CA)
Matthews Real Estate Investment Services, Inc
2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245
(866) 889-0550
Financial Summary (Actual - 2026) 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 - 2026) 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 | $4,240,000 | Building Class | C |
| Price Per Unit | $265,000 | Lot Size | 0.39 AC |
| Sale Type | Investment | Building Size | 11,865 SF |
| Cap Rate | 5.75% | Average Occupancy | 100% |
| No. Units | 16 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1958/2013 |
| Property Subtype | Apartment | Parking Ratio | 1.07/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | LAR1 | ||
| Price | $4,240,000 |
| Price Per Unit | $265,000 |
| Sale Type | Investment |
| Cap Rate | 5.75% |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.39 AC |
| Building Size | 11,865 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1958/2013 |
| Parking Ratio | 1.07/1,000 SF |
| Zoning | LAR1 |
Amenities
Site Amenities
- Laundry Facilities
- Picnic Area
- Pool
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | - |
| 2+1 | 8 | - | - |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5474-029-026 | Total Assessment | $4,561,013 (2025) |
| Land Assessment | $2,884,437 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,676,576 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
5474-029-026
Land Assessment
$2,884,437 (2025)
Improvements Assessment
$1,676,576 (2025)
Total Assessment
$4,561,013 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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Contact the Sale Advisor
1351 Armadale Ave