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4906 August St 26 Unit Apartment Building $4,200,000 ($161,538/Unit) 6.35% Cap Rate Los Angeles, CA 90008
INVESTMENT HIGHLIGHTS
- Strong In-Place Income
- Near Crenshaw Corridor and Leimert Park
- 18 Parking Spaces
- Value-Add Opportunity
EXECUTIVE SUMMARY
We are pleased to present 4906 August Street in Los Angeles, CA, a 26-unit apartment building offering strong in-place income and value-add opportunity. The property features a unit mix of six studios, eighteen one-bedroom units, and two two-bedroom units. With 18 on-site parking spaces and three vacant units ready for repositioning, the asset allows for immediate income growth alongside stable cash flow. Recent capital improvements include a new roof (2021), soft-story seismic retrofit (2021), plumbing upgrades (2017), and new water heaters (2023), delivering a solid operational foundation. Located in the highly desirable Baldwin Village / South Los Angeles submarket near the Crenshaw Corridor and Leimert Park, the property benefits from ongoing redevelopment, transit access, and strong renter demand—making it an ideal acquisition for investors seeking long-term appreciation in a growing market. For more information, please reach out.
FINANCIAL SUMMARY (ACTUAL - 2025) 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 - 2025) 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 | $4,200,000 | Property Subtype | Apartment |
| Price Per Unit | $161,538 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 6.35% | Lot Size | 0.39 AC |
| Gross Rent Multiplier | 9.64 | Building Size | 17,179 SF |
| No. Units | 26 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1958 |
| Zoning | R3, Los Angeles | ||
| Price | $4,200,000 |
| Price Per Unit | $161,538 |
| Sale Type | Investment |
| Cap Rate | 6.35% |
| Gross Rent Multiplier | 9.64 |
| No. Units | 26 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.39 AC |
| Building Size | 17,179 SF |
| No. Stories | 2 |
| Year Built | 1958 |
| Zoning | R3, Los Angeles |
AMENITIES
UNIT AMENITIES
- Kitchen
- Tub/Shower
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 6 | $1,356 | 661 |
| 1+1 | 18 | $1,700 | 661 |
| 2+1 | 2 | $1,907 | 661 |
1 1
Walk Score®
Very Walkable (70)
PROPERTY TAXES
| Parcel Number | 5030-005-023 | Total Assessment | $2,721,444 |
| Land Assessment | $1,905,014 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $816,430 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
5030-005-023
Land Assessment
$1,905,014
Improvements Assessment
$816,430
Total Assessment
$2,721,444
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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4906 August St
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