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Rose Manor 3321-3325 W 74th St 20 Unit Apartment Building $3,575,000 ($178,750/Unit) 7.13% Cap Rate Los Angeles, CA 90043
Investment Highlights
- Great curb appeal on well maintained 20 unit apartment building with center courtyard between the two structures that were built in 1961.
- On site parking for 20 vehicles, and laundry room for tenants.
- Excellent unit mix of half 2 bedroom units and half 1 bedroom units. Rents have upside vial LA City RSO increases, Go to market rents at turnover.
Executive Summary
The subject property is a two story walkup apartment complex consisting of two 10 unit buildings on one parcel. The buildings were constructed in 1960 and have an equal mix of 1 and 2 bedroom units. There is a laundry room onsite and parking for 20 vehicles. The property and improvements have been well maintained by long term ownership, and there is significant upside in rental income as units turnover. The adjacent property at 7324 Crenshaw Blvd, is a 10 unit apartment building and is being offered for sale by the same ownership.
The property is well located just 7 minutes east of the thriving entertainment district of Inglewood which features SoFi Stadium, The Kia Forum, Intuit Dome, YouTube Theatre, Hollywood Park Casino and a multitude of dining options. Even closer to the property are Centinela Hospital, Target, Costco, Home Depot and is 30 minutes from Downtown LA. The area is densely populated which results in a strong rental market.
The property is well located just 7 minutes east of the thriving entertainment district of Inglewood which features SoFi Stadium, The Kia Forum, Intuit Dome, YouTube Theatre, Hollywood Park Casino and a multitude of dining options. Even closer to the property are Centinela Hospital, Target, Costco, Home Depot and is 30 minutes from Downtown LA. The area is densely populated which results in a strong rental market.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$385,488
|
$43.82
|
| Other Income |
$2,400
|
$0.27
|
| Vacancy Loss |
$15,420
|
$1.75
|
| Effective Gross Income |
$372,468
|
$42.34
|
| Taxes |
$45,000
|
$5.11
|
| Operating Expenses |
$72,397
|
$8.23
|
| Total Expenses |
$117,397
|
$13.34
|
| Net Operating Income |
$255,071
|
$28.99
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $385,488 |
| Annual Per SF | $43.82 |
| Other Income | |
|---|---|
| Annual | $2,400 |
| Annual Per SF | $0.27 |
| Vacancy Loss | |
|---|---|
| Annual | $15,420 |
| Annual Per SF | $1.75 |
| Effective Gross Income | |
|---|---|
| Annual | $372,468 |
| Annual Per SF | $42.34 |
| Taxes | |
|---|---|
| Annual | $45,000 |
| Annual Per SF | $5.11 |
| Operating Expenses | |
|---|---|
| Annual | $72,397 |
| Annual Per SF | $8.23 |
| Total Expenses | |
|---|---|
| Annual | $117,397 |
| Annual Per SF | $13.34 |
| Net Operating Income | |
|---|---|
| Annual | $255,071 |
| Annual Per SF | $28.99 |
Property Facts Under Contract
| Price | $3,575,000 | Apartment Style | Low-Rise |
| Price Per Unit | $178,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.31 AC |
| Cap Rate | 7.13% | Building Size | 8,798 SF |
| Gross Rent Multiplier | 9.22 | No. Stories | 2 |
| No. Units | 20 | Year Built | 1960 |
| Property Type | Multifamily | Parking Ratio | 0.4/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | LAC2 - C2-R4 Commercial, multi-residential and mixed use. | ||
| Price | $3,575,000 |
| Price Per Unit | $178,750 |
| Sale Type | Investment |
| Cap Rate | 7.13% |
| Gross Rent Multiplier | 9.22 |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.31 AC |
| Building Size | 8,798 SF |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 0.4/1,000 SF |
| Zoning | LAC2 - C2-R4 Commercial, multi-residential and mixed use. |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Disposal
- Ceiling Fans
- Kitchen
- Hardwood Floors
- Refrigerator
- Carpet
Site Amenities
- Courtyard
- Laundry Facilities
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | - | - |
| 2+2 | 10 | - | - |
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Good public transit
60/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 4012-015-023 | Total Assessment | $443,533 |
| Land Assessment | $73,893 | Annual Taxes | $45,000 ($5.11/SF) |
| Improvements Assessment | $369,640 | Tax Year | 2025 |
Property Taxes
Parcel Number
4012-015-023
Land Assessment
$73,893
Improvements Assessment
$369,640
Total Assessment
$443,533
Annual Taxes
$45,000 ($5.11/SF)
Tax Year
2025
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Rose Manor | 3321-3325 W 74th St
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