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3232 S Central Ave 10 Unit Apartment Building $1,226,000 ($122,600/Unit) 7.14% Cap Rate Los Angeles, CA 90011
Investment Highlights
- Offered at a 7.14% CAP Rate
- Priced at a 6.43 Gross Rent Multiplier
- Located in South Central Los Angeles
- Recently Upgraded Electrical Panels
- Mix of Studio & One-Bedroom Units
Executive Summary
3232 S. Central Avenue is a 10-unit apartment complex located in South Central Los Angeles. The opportunity consists of an 8-unit property in front constructed in 1924 and a duplex in the rear built in 1930. Each unit is separately metered for gas and electricity. The 2-story apartment building has seen recent capital improvements including upgraded electrical panels. The property consists of four (4) studio units and six (6) one-bedroom units spread across 5,180 rentable square feet.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$190,625
|
$36.80
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$5,719
|
$1.10
|
| Effective Gross Income |
$184,906
|
$35.70
|
| Taxes |
$14,712
|
$2.84
|
| Operating Expenses |
$82,684
|
$15.96
|
| Total Expenses |
$97,396
|
$18.80
|
| Net Operating Income |
$87,510
|
$16.89
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $190,625 |
| Annual Per SF | $36.80 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $5,719 |
| Annual Per SF | $1.10 |
| Effective Gross Income | |
|---|---|
| Annual | $184,906 |
| Annual Per SF | $35.70 |
| Taxes | |
|---|---|
| Annual | $14,712 |
| Annual Per SF | $2.84 |
| Operating Expenses | |
|---|---|
| Annual | $82,684 |
| Annual Per SF | $15.96 |
| Total Expenses | |
|---|---|
| Annual | $97,396 |
| Annual Per SF | $18.80 |
| Net Operating Income | |
|---|---|
| Annual | $87,510 |
| Annual Per SF | $16.89 |
Property Facts
| Price | $1,226,000 | Property Subtype | Apartment |
| Price Per Unit | $122,600 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 7.14% | Lot Size | 0.11 AC |
| Sale Condition | 1031 Exchange | Building Size | 5,180 SF |
| Gross Rent Multiplier | 6.43 | No. Stories | 2 |
| No. Units | 10 | Year Built | 1924 |
| Property Type | Multifamily | ||
| Zoning | LAM1 | ||
| Price | $1,226,000 |
| Price Per Unit | $122,600 |
| Sale Type | Investment |
| Cap Rate | 7.14% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 6.43 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 5,180 SF |
| No. Stories | 2 |
| Year Built | 1924 |
| Zoning | LAM1 |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Heating
- Freezer
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Storage Space
- Individual Locking Bedrooms
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | $1,287 | 450 |
| 1+1 | 6 | $1,790 | 500 |
1 1
Moderately walkable
70/100
Exceptionally drivable
100/100
Strong public transit
80/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 5114-025-018 | Total Assessment | $874,334 |
| Land Assessment | $381,766 | Annual Taxes | $14,712 ($2.84/SF) |
| Improvements Assessment | $492,568 | Tax Year | 2025 |
Property Taxes
Parcel Number
5114-025-018
Land Assessment
$381,766
Improvements Assessment
$492,568
Total Assessment
$874,334
Annual Taxes
$14,712 ($2.84/SF)
Tax Year
2025
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