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5408 Russell Ave 18 Unit Apartment Building $4,500,000 ($250,000/Unit) 6.01% Cap Rate Los Angeles, CA 90027
Executive Summary
Property Overview & Investment Potential:
5408 Russell Avenue is a well-located multifamily asset positioned in one of Los Angeles’ most desirable rental submarkets. The property offers a compelling combination of stable income potential and long-term appreciation upside.
The building consists of mostly large 1+1 units. Units typically benefit from functional layouts, natural light, and steady rental demand driven by the surrounding neighborhood’s strong desirability.
Additional highlights include:
Consistent occupancy supported by a high-demand rental corridor
Potential value-add opportunities through interior renovations and operational efficiencies
Favorable lot positioning with accessible parking and urban convenience
Strong in-place cash flow with the ability to capture upside on turnover
5408 Russell Avenue is a well-located multifamily asset positioned in one of Los Angeles’ most desirable rental submarkets. The property offers a compelling combination of stable income potential and long-term appreciation upside.
The building consists of mostly large 1+1 units. Units typically benefit from functional layouts, natural light, and steady rental demand driven by the surrounding neighborhood’s strong desirability.
Additional highlights include:
Consistent occupancy supported by a high-demand rental corridor
Potential value-add opportunities through interior renovations and operational efficiencies
Favorable lot positioning with accessible parking and urban convenience
Strong in-place cash flow with the ability to capture upside on turnover
Property Facts
| Price | $4,500,000 | Apartment Style | Low-Rise |
| Price Per Unit | $250,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.33 AC |
| Cap Rate | 6.01% | Building Size | 11,398 SF |
| Gross Rent Multiplier | 10.76 | No. Stories | 2 |
| No. Units | 18 | Year Built | 1955 |
| Property Type | Multifamily | Parking Ratio | 1.23/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R3 | ||
| Price | $4,500,000 |
| Price Per Unit | $250,000 |
| Sale Type | Investment |
| Cap Rate | 6.01% |
| Gross Rent Multiplier | 10.76 |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.33 AC |
| Building Size | 11,398 SF |
| No. Stories | 2 |
| Year Built | 1955 |
| Parking Ratio | 1.23/1,000 SF |
| Zoning | R3 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 17 | - | 625 |
| 2+1 | 1 | - | 750 |
1 1
Very walkable
80/100
Very drivable
80/100
Strong public transit
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5544-007-020 | Improvements Assessment | $843,829 |
| Land Assessment | $452,044 | Total Assessment | $1,295,873 |
Property Taxes
Parcel Number
5544-007-020
Land Assessment
$452,044
Improvements Assessment
$843,829
Total Assessment
$1,295,873
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5408 Russell Ave
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