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5353-5355 Oakland St Los Angeles CA 90032 5353 Oakland St 5 Unit Apartment Building $2,200,000 ($440,000/Unit) 5.39% Cap Rate Los Angeles, CA 90032
EXECUTIVE SUMMARY
A rare blend of vintage character and modern construction awaits at 5353-5355 Oakland St in the heart of Monterey Hills El Sereno. This five-unit, apartment community features two detached buildings constructed in 1926 and 2022 situated on approximately 5,253 square feet of land in Los Angeles, CA 90032. The property includes a charming two-bedroom single-family residence of approximately 985 square feet alongside a newly built four-unit apartment building offering two one-bedroom units of approximately 814 square feet each, two two-bedroom units of approximately 1,042 square feet, and a spacious three-bedroom unit of approximately 1,598 square feet. High-end finishes elevate the asset, including in-unit laundry, stainless steel appliances, hardwood flooring, and expansive balconies and patios with panoramic Los Angeles views. All units are market rate with no affordable housing restrictions, and the property is complemented by approximately 11 on-site parking spaces with convenient access from both the front and rear.
FINANCIAL SUMMARY (PRO FORMA - 2026) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$197,868
|
$34.34
|
| Other Income |
$789
|
$0.14
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$198,657
|
$34.48
|
| Taxes |
$27,500
|
$4.77
|
| Operating Expenses |
$45,892
|
$7.96
|
| Total Expenses |
$73,392
|
$12.74
|
| Net Operating Income |
$125,265
|
$21.74
|
FINANCIAL SUMMARY (PRO FORMA - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $197,868 |
| Annual Per SF | $34.34 |
| Other Income | |
|---|---|
| Annual | $789 |
| Annual Per SF | $0.14 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $198,657 |
| Annual Per SF | $34.48 |
| Taxes | |
|---|---|
| Annual | $27,500 |
| Annual Per SF | $4.77 |
| Operating Expenses | |
|---|---|
| Annual | $45,892 |
| Annual Per SF | $7.96 |
| Total Expenses | |
|---|---|
| Annual | $73,392 |
| Annual Per SF | $12.74 |
| Net Operating Income | |
|---|---|
| Annual | $125,265 |
| Annual Per SF | $21.74 |
PROPERTY FACTS
| Price | $2,200,000 | Property Subtype | Apartment |
| Price Per Unit | $440,000 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 5.39% | Lot Size | 0.17 AC |
| Gross Rent Multiplier | 11.12 | Building Size | 5,253 SF |
| No. Units | 5 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2022 |
| Zoning | RD1.5-1 | ||
| Price | $2,200,000 |
| Price Per Unit | $440,000 |
| Sale Type | Investment |
| Cap Rate | 5.39% |
| Gross Rent Multiplier | 11.12 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.17 AC |
| Building Size | 5,253 SF |
| No. Stories | 3 |
| Year Built | 2022 |
| Zoning | RD1.5-1 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 1 | $2,650 | 985 |
| 1+1 | 1 | $2,100 | 900 |
| 1+1 | 1 | $2,050 | 900 - 1,598 |
| 2+1 | 1 | $2,700 | 1,100 |
| 3+2 | 1 | $3,500 | 1,368 |
1 1
Walk Score®
Very Walkable (78)
PROPERTY TAXES
| Parcel Number | 5219-003-023 | Total Assessment | $1,203,146 (2025) |
| Land Assessment | $379,272 (2025) | Annual Taxes | $27,500 ($5.24/SF) |
| Improvements Assessment | $823,874 (2025) | Tax Year | 2026 |
PROPERTY TAXES
Parcel Number
5219-003-023
Land Assessment
$379,272 (2025)
Improvements Assessment
$823,874 (2025)
Total Assessment
$1,203,146 (2025)
Annual Taxes
$27,500 ($5.24/SF)
Tax Year
2026
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5353-5355 Oakland St Los Angeles CA 90032 | 5353 Oakland St
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