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1811 W 5th St 12 Unit Apartment Building $3,595,000 ($299,583/Unit) 6.50% Cap Rate Los Angeles, CA 90057
Investment Highlights
- 6.5% Cap Rate Based on In-Place Income
- All 2 Bedroom Units with Excellent Parking
- Not Subject to LA Rent Control-1990 Built
- Stable Asset in a High Demand Location
Executive Summary
1811 W. 5th Street is a 12-unit multifamily community in the Westlake district just west of Downtown Los Angeles, one of the densest and most transit-served rental submarkets in Los Angeles County. Built in 1990, the property is exempt from city of Los Angeles rent control and the property totals approximately 8,088 gross square feet (8,040 estimated net rentable) across a uniform mix of twelve two-bedroom/one-bath units. The property benefits from a uniform two-bedroom configuration, an infill Westlake location minutes from the Downtown Los Angeles employment core, the Wilshire/Westlake Metro corridor, and Koreatown, and a chronic shortage of housing supply across central Los Angeles. Offered at $3,595,000 which represents an in-place 6.50% cap rate, 1811 W 5th Street is positioned against a set of similar vintage recent Central Los Angeles multifamily sales that traded from $330,000 to $364,286 per unit at actual cap rates of 5.40% to 6.35%.
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 | $3,595,000 | Apartment Style | Low-Rise |
| Price Per Unit | $299,583 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 6.50% | Building Size | 8,088 SF |
| Gross Rent Multiplier | 9.37 | No. Stories | 3 |
| No. Units | 12 | Year Built | 1990 |
| Property Type | Multifamily | Parking Ratio | 2/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R4, Los Angeles | ||
| Price | $3,595,000 |
| Price Per Unit | $299,583 |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| Gross Rent Multiplier | 9.37 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 8,088 SF |
| No. Stories | 3 |
| Year Built | 1990 |
| Parking Ratio | 2/1,000 SF |
| Zoning | R4, Los Angeles |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 12 | $2,580 | 670 |
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Very walkable
80/100
Moderately drivable
70/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 5154-024-003 | Total Assessment | $3,011,897 |
| Land Assessment | $2,231,036 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $780,861 | Tax Year | 2025 |
Property Taxes
Parcel Number
5154-024-003
Land Assessment
$2,231,036
Improvements Assessment
$780,861
Total Assessment
$3,011,897
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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