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1844 Thayer Ave 7 Unit Apartment Building $4,700,000 ($671,429/Unit) 5% Cap Rate Los Angeles, CA 90025
Executive Summary
This exceptional 7-unit, 4-story property built in 1989 is being offered by its original owners for the first time, situated on a 6,739 SF lot with approximately 11,200 net rentable square feet and subterranean parking. The thoughtfully designed unit mix includes three luxury 2-bedroom/2-bathroom units, three 2-bedroom/2.5-bathroom units (all with laundry closets), and a spectacular 3,400 SF luxury penthouse featuring private elevator access, sculptured ceilings, spa-like master bathroom with his-and-hers water closets, oversized whirlpool tub, dual walk-in closets, den/bar, 3 fireplaces, and sweeping Century City views—ideal as an owner’s residence. With two units currently vacant,this meticulously maintained property offers immediate lease-up potential and income growth opportunity in a high-demand rental market with strong appreciation potential, or a new place to call home for an owner-occupier.
Property Facts
| Price | $4,700,000 | Property Subtype | Apartment |
| Price Per Unit | $671,429 | Apartment Style | Mid-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5% | Lot Size | 0.15 AC |
| Gross Rent Multiplier | 11.19 | Building Size | 17,508 SF |
| No. Units | 7 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1989 |
| Zoning | LAR3 | ||
| Price | $4,700,000 |
| Price Per Unit | $671,429 |
| Sale Type | Investment |
| Cap Rate | 5% |
| Gross Rent Multiplier | 11.19 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 17,508 SF |
| No. Stories | 4 |
| Year Built | 1989 |
| Zoning | LAR3 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 3 | - | 1,600 |
| 2+2.5 | 3 | - | - |
| 3+2.5 | 1 | - | - |
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Very walkable
80/100
Moderately drivable
70/100
Good public transit
60/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 4317-003-025 | Improvements Assessment | $1,857,291 |
| Land Assessment | $570,586 | Total Assessment | $2,427,877 |
Property Taxes
Parcel Number
4317-003-025
Land Assessment
$570,586
Improvements Assessment
$1,857,291
Total Assessment
$2,427,877
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1844 Thayer Ave
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