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Axtell Apartments 5005 Axtell St 12 Unit Apartment Building $2,448,000 ($204,000/Unit) 4.78% Cap Rate Los Angeles, CA 90032
Executive Summary
Located in the heart of El Sereno, 5005 Axtell St presents a prime opportunity to acquire a 12-unit multifamily property in a well-positioned Los Angeles neighborhood. Built in 1963, the property features a strong unit mix consisting of (10) two-bedroom/one-bathroom units, (1) one-bedroom/one-bathroom unit, and (1) studio unit. The building spans 9,312 square feet on an 11,342 square foot lot, offering ample living space for tenants. Situated in a desirable residential area, the property benefits from proximity to Cal State LA, Downtown Los Angeles, Dodger Stadium, and major freeways, providing convenient access to employment hubs, dining, and entertainment. This property presents an excellent investment opportunity for both seasoned and new multifamily investors.
Property Facts
| Price | $2,448,000 | Apartment Style | Low-Rise |
| Price Per Unit | $204,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.26 AC |
| Cap Rate | 4.78% | Building Size | 9,312 SF |
| Gross Rent Multiplier | 13.34 | Average Occupancy | 100% |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1963 |
| Property Subtype | Apartment | Parking Ratio | 1.4/1,000 SF |
| Zoning | LARD3 | ||
| Price | $2,448,000 |
| Price Per Unit | $204,000 |
| Sale Type | Investment |
| Cap Rate | 4.78% |
| Gross Rent Multiplier | 13.34 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 9,312 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 1.4/1,000 SF |
| Zoning | LARD3 |
Amenities
- Smoke Detector
Unit Amenities
- Heating
- Kitchen
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 2+2 | 10 | - | - |
| Studios | 1 | - | - |
1 1
Walk Score®
Very Walkable (83)
Property Taxes
| Parcel Number | 5218-011-024 | Improvements Assessment | $1,093,645 |
| Land Assessment | $1,924,814 | Total Assessment | $3,018,459 |
Property Taxes
Parcel Number
5218-011-024
Land Assessment
$1,924,814
Improvements Assessment
$1,093,645
Total Assessment
$3,018,459
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Axtell Apartments | 5005 Axtell St
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