12 Units in East LA | 6.62% Cap & 9.53 GRM! 3209 Dobinson St 12 Unit Apartment Building $2,400,000 ($200,000/Unit) 6.62% Cap Rate Los Angeles, CA 90063

VartanianCRE of Lyon Stahl Investment Real Estate, Inc. is pleased to present 3209 Dobinson St., a well-maintained and gated 12-unit apartment community situated in the vibrant and evolving submarket of East Los Angeles - one of the city’s most resilient and in-demand rental pockets.
Built in 1912 and offering 11,175 square feet of living space on a 7,419 square foot lot, this classic two-story building features an attractive unit mix of ten (1 bedroom /1 bathroom) units and two (studio) apartments. With a timeless architectural character and updated amenities, the property offers both historic charm and modern comfort. Significant upgrades have been completed throughout the property, including full copper plumbing and a new roof installed one year ago. All showers were renovated last year, and the building is separately metered for gas and electricity, which helps simplify operations and reduce utility expenses for ownership. With a Walk Score of 77, 3209 Dobinson St. offers residents convenient access to public transportation, local employment hubs, and a wide variety of dining and retail options in East LA, Koreatown, and Downtown Los Angeles.
Featuring strong in-place cash flow, meaningful upgrades, and rental upside, 3209 Dobinson St. presents a rare opportunity to acquire a stable, wellperforming multifamily asset in a proven Los Angeles rental market. With consistent income and minimal deferred maintenance, this property is an ideal choice for both experienced investors and those looking to expand their portfolio with a reliable income-producing asset.