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3585 S Sepulveda 3575 S Sepulveda Blvd 42 Unit Apartment Building $9,995,000 ($237,976/Unit) 4.54% Cap Rate Los Angeles, CA 90034
Investment Highlights
- 2 separate APNs. Electrical panels recently replaced. Separately metered units.
- 3575 & 3585 Buildings, units have their own water heater.
- Pool recently refinished.
Executive Summary
Sale includes 3575, 3585, and 3595 S. Sepulveda Blvd – 42 units total located in Palms. Property consists of low-rise buildings with a unit mix primarily of studios and one-bedroom units. Situated on approx. 41,275 SF across two APNs with over 350 feet of frontage on Sepulveda Blvd. Units are separately metered for gas and electricity. On-site income from three laundry rooms. Approx. 45 parking spaces (combination of open, garage, and carport). Central courtyard with swimming pool. Proximity to major retail including Trader Joe’s, CVS, and upcoming Whole Foods.
Data Room Click Here to Access
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$855,046
|
$54.05
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$855,046
|
$54.05
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$375,259
|
$23.72
|
| Net Operating Income |
$479,787
|
$30.33
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $855,046 |
| Annual Per SF | $54.05 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $855,046 |
| Annual Per SF | $54.05 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $375,259 |
| Annual Per SF | $23.72 |
| Net Operating Income | |
|---|---|
| Annual | $479,787 |
| Annual Per SF | $30.33 |
Property Facts
| Price | $9,995,000 | Apartment Style | Garden |
| Price Per Unit | $237,976 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.67 AC |
| Cap Rate | 4.54% | Building Size | 25,050 SF |
| Gross Rent Multiplier | 11.7 | Average Occupancy | 96% |
| No. Units | 42 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1948 |
| Property Subtype | Apartment | ||
| Zoning | LAR3 - LAR3. TOC Tier 2. | ||
| Price | $9,995,000 |
| Price Per Unit | $237,976 |
| Sale Type | Investment |
| Cap Rate | 4.54% |
| Gross Rent Multiplier | 11.7 |
| No. Units | 42 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.67 AC |
| Building Size | 25,050 SF |
| Average Occupancy | 96% |
| No. Stories | 2 |
| Year Built | 1948 |
| Zoning | LAR3 - LAR3. TOC Tier 2. |
Amenities
Unit Amenities
- Ceiling Fans
- Tile Floors
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- Controlled Access
- Laundry Facilities
- Pool
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 8 | - | 500 |
| 1+1 | 32 | - | - |
| 2+1 | 1 | - | - |
| 3+1 | 1 | - | - |
1 1
Moderately walkable
70/100
Exceptionally drivable
100/100
Strong public transit
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 4252-003-006 | Improvements Assessment | $627,080 |
| Land Assessment | $1,457,981 | Total Assessment | $2,085,061 |
Property Taxes
Parcel Number
4252-003-006
Land Assessment
$1,457,981
Improvements Assessment
$627,080
Total Assessment
$2,085,061
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3585 S Sepulveda | 3575 S Sepulveda Blvd
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