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2820 S Sepulveda Blvd 21 Unit Apartment Building $4,500,000 ($214,286/Unit) 5.51% Cap Rate Los Angeles, CA 90064



EXECUTIVE SUMMARY
• 21-unit courtyard-style property situated on a large 0.25-acre lot in West Los Angeles, just minutes from the major employment and lifestyle hubs of Culver City, Beverly Hills, Century City, and Westwood
• First time on the market in 24 years, offering investors the rare chance to acquire a historically very well-occupied asset with upside
• Competitively priced below replacement cost at $214,286 per unit, offering investors a 5.51% in-place cap rate to be an 8.95% pro forma cap rate
• Residents benefit from a center courtyard style layout, 21 on-site parking spaces, and a community laundry room
• Recent capital improvements include newly upgraded electrical panels in 2025 and a completed soft story retrofit
• Opportunity for an astute investor to increase rental income through the development of an Accessory Dwelling Unit (ADU)
• Ideally located near the intersection of the I-10 and I-405 freeways, providing residents with convenient access to all of Greater Los Angeles and within 10 minutes of Westside attractions, including the Culver Steps, Penmar Golf Course, and Little Osaka
• Located within three miles of the world-renowned University of California, Los Angeles (UCLA), which enrolls over 48,000 students and employs nearly 4,000 full-time faculty, fueling strong off-campus rental demand in the submarket
• First time on the market in 24 years, offering investors the rare chance to acquire a historically very well-occupied asset with upside
• Competitively priced below replacement cost at $214,286 per unit, offering investors a 5.51% in-place cap rate to be an 8.95% pro forma cap rate
• Residents benefit from a center courtyard style layout, 21 on-site parking spaces, and a community laundry room
• Recent capital improvements include newly upgraded electrical panels in 2025 and a completed soft story retrofit
• Opportunity for an astute investor to increase rental income through the development of an Accessory Dwelling Unit (ADU)
• Ideally located near the intersection of the I-10 and I-405 freeways, providing residents with convenient access to all of Greater Los Angeles and within 10 minutes of Westside attractions, including the Culver Steps, Penmar Golf Course, and Little Osaka
• Located within three miles of the world-renowned University of California, Los Angeles (UCLA), which enrolls over 48,000 students and employs nearly 4,000 full-time faculty, fueling strong off-campus rental demand in the submarket
PROPERTY FACTS
| Price | $4,500,000 | Apartment Style | Low-Rise |
| Price Per Unit | $214,286 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.25 AC |
| Cap Rate | 5.51% | Building Size | 10,794 SF |
| Gross Rent Multiplier | 11.13 | Average Occupancy | 95% |
| No. Units | 21 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1958 |
| Property Subtype | Apartment | Parking Ratio | 1.71/1,000 SF |
| Zoning | LAR3 | ||
| Price | $4,500,000 |
| Price Per Unit | $214,286 |
| Sale Type | Investment |
| Cap Rate | 5.51% |
| Gross Rent Multiplier | 11.13 |
| No. Units | 21 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 10,794 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built | 1958 |
| Parking Ratio | 1.71/1,000 SF |
| Zoning | LAR3 |
AMENITIES
UNIT AMENITIES
- Balcony
- Disposal
- Microwave
- Heating
- Kitchen
- Refrigerator
- Tub/Shower
SITE AMENITIES
- Controlled Access
- Courtyard
- Laundry Facilities
- Gated
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 6 | - | - |
| 1+1 | 11 | - | - |
| 2+2 | 4 | - | - |
1 1
Walk Score®
Very Walkable (78)
Bike Score®
Very Bikeable (71)
PROPERTY TAXES
| Parcel Number | 4251-003-019 | Improvements Assessment | $1,218,767 |
| Land Assessment | $1,130,132 | Total Assessment | $2,348,899 |
PROPERTY TAXES
Parcel Number
4251-003-019
Land Assessment
$1,130,132
Improvements Assessment
$1,218,767
Total Assessment
$2,348,899
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2820 S Sepulveda Blvd
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