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2435 Lancaster Ave 4 Unit Apartment Building $1,950,000 ($487,500/Unit) 8.46% Cap Rate Los Angeles, CA 90033
INVESTMENT HIGHLIGHTS
- Value-Add Potential: Delivered vacant—ideal for renovations, repositioning, or owner-user occupancy.
- Transit Friendly: Walkable to Metro Gold Line and major bus routes for car-free living.
- Central Access: Minutes from Downtown LA, USC Medical Center, and the Arts District.
- Prime Location: Located in vibrant Boyle Heights, just east of Downtown LA.
- Urban Renewal: Surrounded by growing community hubs, eateries, and art spaces.
- Community Appeal: Strong neighborhood identity with lasting tenant demand.
EXECUTIVE SUMMARY
2435 Lancaster Ave is a rare value-add fourplex located in the heart of Boyle Heights. Delivered vacant, the property offers immediate upside through renovations, owner-user occupancy, or market-rate leasing in a high-demand rental area. Built in 2016, the two-building, four-unit asset spans 6,920 square feet on an 8,227 SF lot and features separately metered gas and electric. Ideally positioned just east of Downtown LA, the property benefits from walkable access to Metro Gold Line stations, major freeways, and nearby employers such as the USC Medical Center and Arts District. Surrounded by vibrant culture, local amenities, and ongoing neighborhood revitalization, 2435 Lancaster presents a compelling opportunity for investors seeking both stability and growth.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $1,950,000 | Apartment Style | Low-Rise |
| Price Per Unit | $487,500 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.19 AC |
| Cap Rate | 8.46% | Building Size | 6,920 SF |
| Gross Rent Multiplier | 7.74 | No. Stories | 2 |
| No. Units | 4 | Year Built | 2016 |
| Property Type | Multifamily | Parking Ratio | 1.16/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | LARD2 | ||
| Price | $1,950,000 |
| Price Per Unit | $487,500 |
| Sale Type | Investment |
| Cap Rate | 8.46% |
| Gross Rent Multiplier | 7.74 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.19 AC |
| Building Size | 6,920 SF |
| No. Stories | 2 |
| Year Built | 2016 |
| Parking Ratio | 1.16/1,000 SF |
| Zoning | LARD2 |
AMENITIES
UNIT AMENITIES
- Dishwasher
- Microwave
- Washer/Dryer
- Heating
- Kitchen
- Granite Countertops
- Hardwood Floors
- Refrigerator
- Sprinkler System
- Range
- Tub/Shower
- Double Pane Windows
- Window Coverings
SITE AMENITIES
- Controlled Access
- Fenced Lot
- Gated
- Furnished Units Available
- Gas Range
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 5+3 | 4 | $5,000 | 1,730 |
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Walk Score®
Very Walkable (72)
PROPERTY TAXES
| Parcel Number | 5202-014-010 | Improvements Assessment | $935,893 (2025) |
| Land Assessment | $274,589 (2025) | Total Assessment | $1,210,482 (2025) |
PROPERTY TAXES
Parcel Number
5202-014-010
Land Assessment
$274,589 (2025)
Improvements Assessment
$935,893 (2025)
Total Assessment
$1,210,482 (2025)
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2435 Lancaster Ave
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