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2524 S Sepulveda Blvd 8 Unit Apartment Building $3,250,000 ($406,250/Unit) 5.09% Cap Rate Los Angeles, CA 90064
INVESTMENT HIGHLIGHTS
- Not Subject to LA City Rent Control - Only State AB1482
- Potential to Convert Rec Room into ADU - Buyer to Verify
- 7+1 Non-Conforming Unit
- Immediate Value Add Opportunity 5 of 8 Units Delivered Vacant
- Highly Desirable Westside Community
EXECUTIVE SUMMARY
2524 S Sepulveda Blvd is a multifamily property in the heart of West Los Angeles. Conveniently located adjacent to both the 405 and 10 freeways, and just steps away the from the Metro Expo Line Station, 2524 Sepulveda is a four story apartment property that features three 1+1 units, a 1+1.5 townhome style unit, three 2+2 units and one non-conforming single. Tenants enjoy gated secured on-grade parking and multiple private balconies, as well common area laundry facilities.
Built in 1991, this property will be delivered with 5 of its 8 units vacant, presenting a savvy investor with an immediate value-add opportunity through renovations and repositioning to achieve market rents. Located in a desirable and supply-constrained rental market, the property offers strong long-term growth potential and durable tenant demand.
Built in 1991, this property will be delivered with 5 of its 8 units vacant, presenting a savvy investor with an immediate value-add opportunity through renovations and repositioning to achieve market rents. Located in a desirable and supply-constrained rental market, the property offers strong long-term growth potential and durable tenant demand.
PROPERTY FACTS
| Price | $3,250,000 | Apartment Style | Low-Rise |
| Price Per Unit | $406,250 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 5.09% | Building Size | 8,745 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 38% |
| Gross Rent Multiplier | 12.68 | No. Stories | 3 |
| No. Units | 8 | Year Built | 1991 |
| Property Type | Multifamily | Parking Ratio | 1.5/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | LAR3 - Multiple Dwelling | ||
| Price | $3,250,000 |
| Price Per Unit | $406,250 |
| Sale Type | Investment |
| Cap Rate | 5.09% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 12.68 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 8,745 SF |
| Average Occupancy | 38% |
| No. Stories | 3 |
| Year Built | 1991 |
| Parking Ratio | 1.5/1,000 SF |
| Zoning | LAR3 - Multiple Dwelling |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Fireplace
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 1+1 | 3 | - | - |
| 1+1.5 | 1 | - | - |
| 2+2 | 3 | - | - |
1 1
Walk Score®
Very Walkable (81)
Bike Score®
Very Bikeable (85)
PROPERTY TAXES
| Parcel Number | 4256-016-001 | Improvements Assessment | $724,158 |
| Land Assessment | $868,994 | Total Assessment | $1,593,152 |
PROPERTY TAXES
Parcel Number
4256-016-001
Land Assessment
$868,994
Improvements Assessment
$724,158
Total Assessment
$1,593,152
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2524 S Sepulveda Blvd
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