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139 N Harper Ave 4 Unit Apartment Building $1,650,000 ($412,500/Unit) 4.46% Cap Rate Los Angeles, CA 90048
INVESTMENT HIGHLIGHTS
- Unbeatable Location
- Ideal for Owner-Occupiers & Investors
- Significant Value-Add Potential
- Proximity to Major Job Hubs
- Privacy & Outdoor Space
- Secure Parking & ADU Potential
EXECUTIVE SUMMARY
Unbeatable Location
Nestled in one of Los Angeles’ most sought-after rental markets, this property is just minutes from Beverly Hills, West Hollywood, and Cedars-Sinai Medical Center. The neighborhood attracts high-income tenants seeking a vibrant, walkable lifestyle.
Proximity to Major Job Hubs
Conveniently located near Century City, Hollywood, and the Miracle Mile—home to leading media, entertainment, and tech companies—this property bene?ts from strong, ongoing rental demand from professionals and creatives.
Ideal for Owner-Occupiers & Investors
There is one two-bedroom, two-bath unit that will be delivered vacant, featuring in-unit laundry and a private yard—perfect for an owner-occupier. Additionally, there are three one-bedroom, one-bath units with spacious layouts and a mix of laminate and tile ?ooring.
Privacy & Outdoor Space
A secluded front and side yard, shaded by mature trees, offers a rare sense of tranquility in the heart of the city—an attractive feature for both tenants and owner-occupants.
Significant Value-Add Potential
Current rents average $1,700 per month for the occupied units, all of which remain unrenovated. With strategic upgrades, rents are projected to reach $2,500–$3,000 per month, providing a strong upside in both cash ?ow and property value.
Secure Parking & ADU Potential
Two separate two-car garages offer secure parking and the potential for ADU (Accessory Dwelling Unit) conversion, creating additional income opportunities.
Exceptional Walkability & Lifestyle Amenities
With a Walk Score of 93, residents are just steps from The Grove, Farmers Market, parks, restaurants, and boutique shops, ensuring a highly desirable living experience.
Nestled in one of Los Angeles’ most sought-after rental markets, this property is just minutes from Beverly Hills, West Hollywood, and Cedars-Sinai Medical Center. The neighborhood attracts high-income tenants seeking a vibrant, walkable lifestyle.
Proximity to Major Job Hubs
Conveniently located near Century City, Hollywood, and the Miracle Mile—home to leading media, entertainment, and tech companies—this property bene?ts from strong, ongoing rental demand from professionals and creatives.
Ideal for Owner-Occupiers & Investors
There is one two-bedroom, two-bath unit that will be delivered vacant, featuring in-unit laundry and a private yard—perfect for an owner-occupier. Additionally, there are three one-bedroom, one-bath units with spacious layouts and a mix of laminate and tile ?ooring.
Privacy & Outdoor Space
A secluded front and side yard, shaded by mature trees, offers a rare sense of tranquility in the heart of the city—an attractive feature for both tenants and owner-occupants.
Significant Value-Add Potential
Current rents average $1,700 per month for the occupied units, all of which remain unrenovated. With strategic upgrades, rents are projected to reach $2,500–$3,000 per month, providing a strong upside in both cash ?ow and property value.
Secure Parking & ADU Potential
Two separate two-car garages offer secure parking and the potential for ADU (Accessory Dwelling Unit) conversion, creating additional income opportunities.
Exceptional Walkability & Lifestyle Amenities
With a Walk Score of 93, residents are just steps from The Grove, Farmers Market, parks, restaurants, and boutique shops, ensuring a highly desirable living experience.
FINANCIAL SUMMARY (ACTUAL - 2024) 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 - 2024) 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 | $1,650,000 | Property Subtype | Apartment |
| Price Per Unit | $412,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 4.46% | Building Size | 3,752 SF |
| Gross Rent Multiplier | 14.94 | No. Stories | 2 |
| No. Units | 4 | Year Built | 1939 |
| Property Type | Multifamily | Parking Ratio | 1.07/1,000 SF |
| Zoning | RD1.5-1-O | ||
| Price | $1,650,000 |
| Price Per Unit | $412,500 |
| Sale Type | Investment |
| Cap Rate | 4.46% |
| Gross Rent Multiplier | 14.94 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 3,752 SF |
| No. Stories | 2 |
| Year Built | 1939 |
| Parking Ratio | 1.07/1,000 SF |
| Zoning | RD1.5-1-O |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 1 | $3,900 | - |
| 1+1 | 3 | $2,017 | - |
1 1
Walk Score®
Walker's Paradise (94)
PROPERTY TAXES
| Parcel Number | 5511-008-012 | Total Assessment | $207,323 (2025) |
| Land Assessment | $81,271 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $126,052 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
5511-008-012
Land Assessment
$81,271 (2025)
Improvements Assessment
$126,052 (2025)
Total Assessment
$207,323 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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139 N Harper Ave
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