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2104 Mozart St 36 Unit Apartment Building $1,850,000 ($51,389/Unit) 7.88% Cap Rate Los Angeles, CA 90031
Investment Highlights
- Located in the historic Lincoln Heights neighborhood, 2104 Mozart Street offers residents the convenience of urban living with easy access to Downtown
- Nearby Destinations: Keck Hospital of USC, Dodger Stadium,Chinatown, Arts District, Union Station, Downtown LA, Ernest E. Debs Regional Park
- Mozart is an eight-unit multifamily building, built in 1993 on 10,041 sq ft lot. Separately metered utilities, good condition, electronic gate.
Executive Summary
2104 Mozart Street is an eight-unit multifamily property built in 1993 on approximately a 10,000-square-foot lot. The property benefits from separately metered utilities, making it an attractive investment opportunity in Los Angeles's centrally located Lincoln Heights rental market in excellent conditions. Neighborhood Overview Located in the historic Lincoln Heights neighborhood, 2104 Mozart Street offers residents the convenience of urban living with easy access to Downtown Los Angeles, major employment centers, public transportation, and some of the city's fastest-growing cultural destinations. As one of Los Angeles' oldest neighborhoods, Lincoln Heights blends historic charm with ongoing revitalization, making it an attractive location for both long-term residents and investors. Transportation • Minutes to Downtown Los Angeles (approximately 2–3 miles) • Easy access to Interstate 5, Highway 110, Highway 101, and State Route 60 • Convenient access to Metro bus routes and nearby Metro A (Gold) Line stations • Excellent commuter location for USC Medical Center, Chinatown, Arts District, and Civic Center • Walk Score indicates a very walkable neighborhood with many daily errands accomplished on foot. Nearby Destinations • Keck Hospital of USC • Los Angeles General Medical Center • Dodger Stadium • Chinatown • Arts District • Union Station • Downtown Los Angeles • Ernest E. Debs Regional Park • Los Angeles State Historic Park Lifestyle Lincoln Heights has become one of Los Angeles' emerging neighborhoods, offering a growing collection of restaurants, breweries, cafés, neighborhood markets, and local businesses while maintaining its rich cultural heritage. Recent growth has brought new dining destinations and creative businesses, adding to the area's appeal for residents and visitors alike. Nearby public schools include: • Griffin Avenue Elementary School • Florence Nightingale Middle School • Abraham Lincoln High School
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $1,850,000 | Apartment Style | Low-Rise |
| Price Per Unit | $51,389 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.23 AC |
| Cap Rate | 7.88% | Building Size | 5,805 SF |
| Sale Condition | 1031 Exchange | No. Stories | 2 |
| Gross Rent Multiplier | 9.13 | Year Built | 1993 |
| No. Units | 36 | Parking Ratio | 2.07/1,000 SF |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment | ||
| Zoning | RD2, Los Angeles | ||
| Price | $1,850,000 |
| Price Per Unit | $51,389 |
| Sale Type | Investment |
| Cap Rate | 7.88% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 9.13 |
| No. Units | 36 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 5,805 SF |
| No. Stories | 2 |
| Year Built | 1993 |
| Parking Ratio | 2.07/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RD2, Los Angeles |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Balcony
- Ceiling Fans
- Tile Floors
- Vaulted Ceiling
- Tub/Shower
- Carpet
- Double Pane Windows
- Family Room
- Handrails
Site Amenities
- Laundry Facilities
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | $1,514 | 725 |
| 1+1 | 2 | $1,150 | 725 |
| 1+1 | 3 | $2,172 | 725 |
| 2+1 | 4 | $2,297 | 740 |
| 2+1 | 5 | $1,649 | 740 |
| 1+1 | 6 | $2,400 | 725 |
| 1+1 | 7 | $2,400 | 725 |
| 2+1 | 8 | $2,900 | 740 |
Moderately walkable
60/100
Exceptionally drivable
100/100
Strong public transit
80/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 5210-002-016 | Improvements Assessment | $576,523 |
| Land Assessment | $448,405 | Total Assessment | $1,024,928 |
Property Taxes
Parcel Number
5210-002-016
Land Assessment
$448,405
Improvements Assessment
$576,523
Total Assessment
$1,024,928
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2104 Mozart St