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3901 De Longpre Ave 4 Unit Apartment Building $1,350,000 ($337,500/Unit) 3.93% Cap Rate Los Angeles, CA 90027



INVESTMENT HIGHLIGHTS
- Stellar corner lot in Los Feliz
- Onsite laundry
- Walking distance to Sunset Junction and Los Feliz Village
EXECUTIVE SUMMARY
3901 De Longpre Ave presents an exceptional value-add opportunity in one of LA's most sought-after rental pockets. This corner lot is perched on a quiet residential street and consists of one (1) 1 bed/1 bath plus den, two (2) one bed/1 bath, and one (1) studio units, offering a versatile mix for stable tenancy and long-term rent growth. Two of the units enjoy the rare convenience of dedicated single-car garages, and the property also features an onsite laundry room with coin-operated machines for added income. Tenants benefit from unbeatable walkability and connectivity located moments from Los Feliz Village, Silver Lake's vibrant Sunset Junction, and just minutes to the Metro station. The location also provides quick access to the 2, 5, and 101 freeways. Whether you're looking to expand your portfolio or secure a steady, well-located asset with upside, 3901 De Longpre Ave offers a rare opportunity to own a character asset in one of LA's strongest and most enduring rental submarkets.
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $1,350,000 | Property Subtype | Apartment |
| Price Per Unit | $337,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.10 AC |
| Cap Rate | 3.93% | Building Size | 2,574 SF |
| Sale Condition | 1031 Exchange | No. Stories | 1 |
| Gross Rent Multiplier | 15.7 | Year Built | 1921 |
| No. Units | 4 | Parking Ratio | 0.78/1,000 SF |
| Property Type | Multifamily | ||
| Zoning | LAR1 | ||
| Price | $1,350,000 |
| Price Per Unit | $337,500 |
| Sale Type | Investment |
| Cap Rate | 3.93% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 15.7 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 2,574 SF |
| No. Stories | 1 |
| Year Built | 1921 |
| Parking Ratio | 0.78/1,000 SF |
| Zoning | LAR1 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 1 | $1,986 | - |
| 1+1 | 2 | $1,710 | - |
| Studios | 1 | $1,433 | - |
1 1
Walk Score®
Very Walkable (85)
PROPERTY TAXES
| Parcel Number | 5430-025-008 | Total Assessment | $514,862 (2025) |
| Land Assessment | $231,588 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $283,274 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
5430-025-008
Land Assessment
$231,588 (2025)
Improvements Assessment
$283,274 (2025)
Total Assessment
$514,862 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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3901 De Longpre Ave
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