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San Palma Apartments 238 S La Fayette Park Pl 18 Unit Apartment Building $3,350,000 ($186,111/Unit) 4.95% Cap Rate Los Angeles, CA 90057
Investment Highlights
- 18-unit multifamily property in Los Angeles’ Rampart Village district.
- Convenient access to major highways, including US-101, for regional connectivity.
- Close to Wilshire Boulevard, Downtown Los Angeles, and Koreatown amenities.
- Walkable to grocery stores, dining, and neighborhood retail services.
Executive Summary
This is a rare opportunity to acquire an 18-unit multifamily asset located at 238 S La Fayette Park Place in the heart of Los Angeles’ Rampart Village neighborhood. Constructed in 1967, the property offers a total living area of approximately 18,093 square feet across a 9,430-square-foot parcel, currently configured with 18 bedrooms and 24 bathrooms. Zoning is LAR4, allowing for multifamily use and potential value-add opportunities subject to city guidelines.
Property Facts
| Price | $3,350,000 | Apartment Style | Low-Rise |
| Price Per Unit | $186,111 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.21 AC |
| Cap Rate | 4.95% | Building Size | 18,093 SF |
| No. Units | 18 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1967 |
| Property Subtype | Apartment | Parking Ratio | 1.1/1,000 SF |
| Zoning | R4 | ||
| Price | $3,350,000 |
| Price Per Unit | $186,111 |
| Sale Type | Investment |
| Cap Rate | 4.95% |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 18,093 SF |
| No. Stories | 3 |
| Year Built | 1967 |
| Parking Ratio | 1.1/1,000 SF |
| Zoning | R4 |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Public Transportation
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 18 | - | - |
1 1
Very walkable
80/100
Moderately drivable
70/100
Exceptional public transit
90/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5155-016-022 | Improvements Assessment | $1,821,277 |
| Land Assessment | $1,004,839 | Total Assessment | $2,826,116 |
Property Taxes
Parcel Number
5155-016-022
Land Assessment
$1,004,839
Improvements Assessment
$1,821,277
Total Assessment
$2,826,116
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San Palma Apartments | 238 S La Fayette Park Pl
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