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1832 Lansdowne Ave - 4-Unit Value-Add Opportunity 4 Unit Apartment Building Offered at $1,099,000 at a 5.57% Cap Rate Los Angeles, CA 90032
INVESTMENT HIGHLIGHTS
- 111% remaining rental upside on the occupied units through unit turnover and interior upgrades
- The property being delivered 50% vacant, allows for an owner user to occupy a unit
- Located close proximity to Downtown LA, Arts District, Northeast LA & San Gabriel valley
- Potential to add ADUs for future growth and value upside — buyer to verify
EXECUTIVE SUMMARY
The SR Group of Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale a 4-unit apartment community located at 1832 Lansdowne Avenue. The subject property is located north of the I-10 Freeway and south of Valley Boulevard.
The property is located in a desirable pocket of Northeast LA. The building is in close proximity to Downtown LA, the Arts District, and the San Gabriel Valley. This provides residents with convenient access to employment centers, retail, and entertainment in the immediate area.
Situated on a 5,390-square-foot parcel, the property is comprised of four two-bedroom units. In-place occupied unit rents average $1,184, approximately 111% below market. With market rents achieving $2,500/month, Lansdowne presents a compelling mark-to-market opportunity through unit turnover and interior upgrades.
1832 Lansdowne Avenue offers investors a well-located asset in a desirable Northeast Los Angeles infill neighborhood. The surrounding area continues to improve, supported by ongoing gentrification and strong rental demand. These fundamentals, combined with the property’s inherent value-add potential, position a new owner to benefit from both near term enhancements and long-term appreciation.
PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS
The property is located in a desirable pocket of Northeast LA. The building is in close proximity to Downtown LA, the Arts District, and the San Gabriel Valley. This provides residents with convenient access to employment centers, retail, and entertainment in the immediate area.
Situated on a 5,390-square-foot parcel, the property is comprised of four two-bedroom units. In-place occupied unit rents average $1,184, approximately 111% below market. With market rents achieving $2,500/month, Lansdowne presents a compelling mark-to-market opportunity through unit turnover and interior upgrades.
1832 Lansdowne Avenue offers investors a well-located asset in a desirable Northeast Los Angeles infill neighborhood. The surrounding area continues to improve, supported by ongoing gentrification and strong rental demand. These fundamentals, combined with the property’s inherent value-add potential, position a new owner to benefit from both near term enhancements and long-term appreciation.
PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $1,099,000 | Lot Size | 0.12 AC |
| Price Per Unit | $274,750 | Building Size | 3,181 SF |
| Sale Type | Investment | Average Occupancy | 50% |
| Cap Rate | 5.57% | No. Stories | 1 |
| Gross Rent Multiplier | 12.43 | Year Built | 1937 |
| No. Units | 4 | Opportunity Zone |
Yes
|
| Property Type | Multifamily | ||
| Zoning | LAR1 | ||
| Price | $1,099,000 |
| Price Per Unit | $274,750 |
| Sale Type | Investment |
| Cap Rate | 5.57% |
| Gross Rent Multiplier | 12.43 |
| No. Units | 4 |
| Property Type | Multifamily |
| Lot Size | 0.12 AC |
| Building Size | 3,181 SF |
| Average Occupancy | 50% |
| No. Stories | 1 |
| Year Built | 1937 |
| Opportunity Zone |
Yes |
| Zoning | LAR1 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 4 | - | - |
1 1
Walk Score®
Very Walkable (76)
PROPERTY TAXES
| Parcel Number | 5223-028-037 | Improvements Assessment | $67,823 |
| Land Assessment | $28,009 | Total Assessment | $95,832 |
PROPERTY TAXES
Parcel Number
5223-028-037
Land Assessment
$28,009
Improvements Assessment
$67,823
Total Assessment
$95,832
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1832 Lansdowne Ave - 4-Unit Value-Add Opportunity
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