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5440 Harold Way 10 Unit Apartment Building $2,150,000 ($215,000/Unit) 5.31% Cap Rate Los Angeles, CA 90027
Investment Highlights
- 10-unit multifamily asset in a prime East Hollywood location
- Brand-new electrical system throughout building
- Convenient onsite laundry room for tenants
- Significant upside in rents and one unit delivered vacant at close of escrow
- Secure, gated property offering controlled access
- Positioned near schools, shopping, LA City College, and the Metro Red Line with central access to Silver Lake, Hollywood, Los Feliz, and DTLA
Executive Summary
Presenting an exceptional opportunity to acquire a 10-unit multifamily asset ideally positioned in the heart of East Hollywood, one of Los Angeles' most dynamic and high-demand rental corridors. This secure, gated property offers controlled access, complemented by a brand-new electrical system throughout the building and a convenient onsite laundry room. With one unit delivered vacant at close of escrow, investors can immediately capitalize on significant upside in rents, making this an outstanding value-add play in a market with proven rental demand. Situated near top schools, shopping destinations, LA City College, and the Metro Red Line, the property provides residents with seamless connectivity to Silver Lake, Hollywood, Los Feliz, and Downtown Los Angeles, ensuring enduring tenant appeal and long-term investment performance.
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 |
-
|
-
|
| Operating Expenses |
-
|
-
|
| 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 | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,150,000 | Building Class | C |
| Price Per Unit | $215,000 | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 5,706 SF |
| Cap Rate | 5.31% | Average Occupancy | 90% |
| Gross Rent Multiplier | 11.75 | No. Stories | 2 |
| No. Units | 10 | Year Built | 1956 |
| Property Type | Multifamily | Parking Ratio | 0.6/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | R4, Los Angeles | ||
| Price | $2,150,000 |
| Price Per Unit | $215,000 |
| Sale Type | Investment |
| Cap Rate | 5.31% |
| Gross Rent Multiplier | 11.75 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 5,706 SF |
| Average Occupancy | 90% |
| No. Stories | 2 |
| Year Built | 1956 |
| Parking Ratio | 0.6/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R4, Los Angeles |
Amenities
Unit Amenities
- Hardwood Floors
- Range
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | - |
| 2+1 | 2 | - | - |
1 1
Walk Score®
Very Walkable (87)
Property Taxes
| Parcel Number | 5544-022-049 | Improvements Assessment | $408,688 |
| Land Assessment | $955,752 | Total Assessment | $1,364,440 |
Property Taxes
Parcel Number
5544-022-049
Land Assessment
$955,752
Improvements Assessment
$408,688
Total Assessment
$1,364,440
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5440 Harold Way
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