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Newly Constructed 5-Units | Echo Park 2129 Aaron St 5 Unit Apartment Building $4,300,000 ($860,000/Unit) 5.26% Cap Rate Los Angeles, CA 90026
Investment Highlights
- Completed August 2025, the property delivers five modern units with premium finishes, open layouts, and zero renovation capital
- Tenants pay all utilities, and unit-specific solar panels reduce tenant electric costs, increasing rentability while keeping owner expenses minimal
- Every unit includes in-unit W/D, central HVAC, stainless appliances, vinyl flooring, large kitchen islands, custom-tiled showers, and walk-in closets
- Unrestricted rental upside allows ownership to set and adjust rents to market rates without regulatory limitations
- Drought-tolerant landscaping, new construction systems, and modern building materials create a low-maintenance ownership experience
- Each unit has dedicated parking, a highly valued amenity in Los Angeles
Executive Summary
The SR Group of Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale 2129 Aaron Street, a newly constructed 5-unit multifamily property in Los Angeles. Completed in August 2025, the property consists of 3 buildings across a 7,474-square-foot lot, featuring a mix of two-bedroom and four-bedroom units totaling 8,257 gross square feet.
Each unit is thoughtfully designed with modern finishes and high-quality amenities, including open-concept floor plans, vinyl flooring (water-resistant) throughout, large center island kitchens with stainless steel appliances, custom-tiled bathrooms, in-unit washer and dryer, central heating and air conditioning, recessed lighting, and spacious walk-in closets in the primary bedrooms.
The property is individually metered with tenants paying all utilities, and solar panels installed for each unit further reduce tenant electric costs, enhancing marketability and tenant retention. With no rent control, drought-tolerant landscaping for low maintenance, and assigned parking for every unit, 2129 Aaron Street presents a turnkey investment opportunity with strong income potential and minimal operational burden.
PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS.
Each unit is thoughtfully designed with modern finishes and high-quality amenities, including open-concept floor plans, vinyl flooring (water-resistant) throughout, large center island kitchens with stainless steel appliances, custom-tiled bathrooms, in-unit washer and dryer, central heating and air conditioning, recessed lighting, and spacious walk-in closets in the primary bedrooms.
The property is individually metered with tenants paying all utilities, and solar panels installed for each unit further reduce tenant electric costs, enhancing marketability and tenant retention. With no rent control, drought-tolerant landscaping for low maintenance, and assigned parking for every unit, 2129 Aaron Street presents a turnkey investment opportunity with strong income potential and minimal operational burden.
PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS.
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Property Facts
| Price | $4,300,000 | Apartment Style | Low-Rise |
| Price Per Unit | $860,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 5.26% | Building Size | 8,257 SF |
| Gross Rent Multiplier | 14.34 | No. Stories | 3 |
| No. Units | 5 | Year Built | 2025 |
| Property Type | Multifamily | Parking Ratio | 0.97/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | LARD2 - restricted Density Multiple Dwelling | ||
| Price | $4,300,000 |
| Price Per Unit | $860,000 |
| Sale Type | Investment |
| Cap Rate | 5.26% |
| Gross Rent Multiplier | 14.34 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.17 AC |
| Building Size | 8,257 SF |
| No. Stories | 3 |
| Year Built | 2025 |
| Parking Ratio | 0.97/1,000 SF |
| Zoning | LARD2 - restricted Density Multiple Dwelling |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Microwave
- Washer/Dryer
- Double Vanities
- Refrigerator
- Oven
- Range
- Tub/Shower
- Double Pane Windows
- Handrails
- Instant Hot Water
- Island Kitchen
- Loft Layout
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2.5 | 2 | - | 752 - 753 |
| 4+4 | 3 | - | 1,392 - 2,344 |
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Walk Score®
Very Walkable (80)
Property Taxes
| Parcel Number | 5423-005-009 | Improvements Assessment | $0 |
| Land Assessment | $1,019,592 | Total Assessment | $1,019,592 |
Property Taxes
Parcel Number
5423-005-009
Land Assessment
$1,019,592
Improvements Assessment
$0
Total Assessment
$1,019,592
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Newly Constructed 5-Units | Echo Park | 2129 Aaron St
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