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2516 Malabar St 4 Unit Apartment Building $2,500,000 ($625,000/Unit) 5.50% Cap Rate Los Angeles, CA 90033
INVESTMENT HIGHLIGHTS
- No RSO! Fully Occupied Fourplex Built in 2021!
- In-Unit Washer & Dryer
- Individually Metered for Gas, Electricity & Water - Gated Property with onsite parking
- 4 Bedrooms / 3 Bathrooms per unit - Townhouse-Style Layouts
- Solar Panels – Energy efficient and eco-friendly - Central A/C & Heating
- Potential for Buyer Assumption or Lease to Purchase!
EXECUTIVE SUMMARY
Potential for Buyer Assumption or Lease to Purchase! 2516 Malabar St is a newly built 4-plex in the Boyle Heights neighborhood! The property was built in 2021 and offers 16 large bedrooms. The unit mix consists of (4) 4 Bedroom/ 3 Bathroom units. The property is gated and offers 8 tandem parking spaces. The property will now be delivered fully occupied! The units are all individually metered for gas, electricity, water and has solar panels keeping owners expenses low! Don't miss out on this great NON RSO investment opportunity! Embrace the unique charm and cultural richness of Boyle Heights with this exceptional real estate investment opportunity. Situated in the heart of East Los Angeles, Boyle Heights is renowned for its diverse community, historic landmarks, and thriving local economy. This dynamic neighborhood offers a compelling blend residential, commercial, and mixed-use properties, making it an attractive destination for investors seeking growth and value in the Los Angeles real estate market.
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $2,500,000 | Apartment Style | Townhome |
| Price Per Unit | $625,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 5.50% | Building Size | 5,862 SF |
| Gross Rent Multiplier | 14.1 | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2021 |
| Property Subtype | Apartment | ||
| Zoning | LAR3 - Multiple Dwelling | ||
| Price | $2,500,000 |
| Price Per Unit | $625,000 |
| Sale Type | Investment |
| Cap Rate | 5.50% |
| Gross Rent Multiplier | 14.1 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 0.16 AC |
| Building Size | 5,862 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2021 |
| Zoning | LAR3 - Multiple Dwelling |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Dishwasher
- Washer/Dryer Hookup
- Refrigerator
- Stainless Steel Appliances
SITE AMENITIES
- Fenced Lot
- Gated
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 4+3 | 4 | $3,700 | - |
1 1
Walk Score®
Very Walkable (86)
PROPERTY TAXES
| Parcel Number | 5177-023-004 | Total Assessment | $2,448,000 |
| Land Assessment | $979,200 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,468,800 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
5177-023-004
Land Assessment
$979,200
Improvements Assessment
$1,468,800
Total Assessment
$2,448,000
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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2516 Malabar St
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