Log In/Sign Up
Your email has been sent.
Axtell Apartments 5005 Axtell St 12 Unit Apartment Building $2,448,000 ($204,000/Unit) 4.78% Cap Rate Los Angeles, CA 90032
Investment Highlights
- 12-unit multifamily asset in the El Sereno neighborhood of Los Angeles, featuring a desirable mix of ten 2-bedroom units, one 1-bedroom unit, and one
- Approximately 9,312 SF of improvements situated on an 11,342 SF lot zoned LARD3.
- Fully occupied property with stable in-place cash flow and a historically proven multifamily rental market.
- Value-add investment opportunity with significant rental upside, offering a projected increase in net operating income through market-rate repositioni
- Strong infill location near Cal State LA, Downtown Los Angeles, Dodger Stadium, and major regional freeway corridors.
- Attractive Los Angeles housing submarket supported by proximity to employment centers, higher education institutions, dining, entertainment, and more.
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 - Restricted Density Multiple Dwelling | ||
| 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 - Restricted Density Multiple Dwelling |
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
Moderately walkable
60/100
Very drivable
80/100
Some public transit
50/100
Fairly bikeable
50/100
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
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Axtell Apartments | 5005 Axtell St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.