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2334 Valley St 8 Unit Apartment Building $950,000 ($118,750/Unit) 5.28% Cap Rate Los Angeles, CA 90057
Investment Highlights
- Composed of All One-Bedroom Units!
- Property Offers On-Site Laundry Facilities and Parking for Tenants
- Approximately Over 100% in Rental Up-Side Through Renovation Plan
- Separately Metered for Gas and Electric
Executive Summary
8 unit multifamily property in Westlake sold at $950,000, equating to $118,750 per unit and approximately $215 per square foot. The asset consists entirely of one bedroom one bathroom units totaling 4,408 square feet on a 6,517 square foot lot. Long term ownership since 2008 with significant rental upside at time of sale. Transaction offers the buyer a below replacement cost basis in a central Los Angeles submarket with strong value add potential.
Property Facts
| Price | $950,000 | Apartment Style | Low-Rise |
| Price Per Unit | $118,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 5.28% | Building Size | 4,240 SF |
| Gross Rent Multiplier | 10.6 | No. Stories | 2 |
| No. Units | 8 | Year Built | 1953 |
| Property Type | Multifamily | Parking Ratio | 1.18/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R3, Los Angeles | ||
| Price | $950,000 |
| Price Per Unit | $118,750 |
| Sale Type | Investment |
| Cap Rate | 5.28% |
| Gross Rent Multiplier | 10.6 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 4,240 SF |
| No. Stories | 2 |
| Year Built | 1953 |
| Parking Ratio | 1.18/1,000 SF |
| Zoning | R3, Los Angeles |
Amenities
Unit Amenities
- Disposal
- Storage Space
- Heating
- Ceiling Fans
- Vaulted Ceiling
- Oven
- Dining Room
- Family Room
- Large Bedrooms
Site Amenities
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | $11,314 | 500 - 600 |
1 1
Walk Score®
Very Walkable (88)
Transit Score®
Excellent Transit (74)
Property Taxes
| Parcel Number | 5154-012-007 | Improvements Assessment | $128,767 |
| Land Assessment | $643,876 | Total Assessment | $772,643 |
Property Taxes
Parcel Number
5154-012-007
Land Assessment
$643,876
Improvements Assessment
$128,767
Total Assessment
$772,643
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2334 Valley St
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