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2123 Rodney Dr
Los Angeles, CA 90027
The Rodney Apartments · Multifamily Property For Sale
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42 Units
Investment Highlights
- A generational investment opportunity of a 42-unit apartment building in Los Feliz; first time the property has been on the market
- The property features gated, subterranean and ground-level parking with approximately 82 parking spaces and tenant fob-controlled entry and exit
- Interiors are well-maintained with central A/C, fireplaces, dishwashers, microwaves, and new flooring and paint in the majority of the units
- A rare opportunity to purchase a sizeable asset in this pocket of the submarket with only 21 buildings over 40 units existing north of Franklin Ave
- Strong in-place rental income provides stable current cash flow to an investor with additional upside over 18% through further interior unit renos
- A unit mix made up of spacious 24 one-bedrooms, six one-bedroom lofts, nine two-bedrooms and three two-bedroom lofts
Property Facts
| No. Units | 42 | Lot Size | 0.45 AC |
| Property Type | Multifamily | Building Size | 45,879 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1986 |
| Building Class | C | Parking Ratio | 1.05/1,000 SF |
| Zoning | R3 | ||
| No. Units | 42 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.45 AC |
| Building Size | 45,879 SF |
| No. Stories | 3 |
| Year Built | 1986 |
| Parking Ratio | 1.05/1,000 SF |
| Zoning | R3 |
Amenities
Unit Amenities
- Cable Ready
- Fireplace
- Heating
- Kitchen
- Hardwood Floors
- Carpet
Site Amenities
- Courtyard
- Gated
- Gas Range
- Recycling
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 24 | $2,027 | 652 - 871 |
| 1+2 | 6 | $2,473 | 916 - 931 |
| 2+2 | 12 | $2,646 | 951 - 1,202 |
Property Taxes
| Parcel Number | 5590-004-008 | Improvements Assessment | $7,428,456 |
| Land Assessment | $15,918,120 | Total Assessment | $23,346,576 |
Property Taxes
Parcel Number
5590-004-008
Land Assessment
$15,918,120
Improvements Assessment
$7,428,456
Total Assessment
$23,346,576
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