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614 Hauser Blvd 24 Unit Apartment Building $4,650,000 ($193,750/Unit) 6.03% Cap Rate Los Angeles, CA 90036
EXECUTIVE SUMMARY
614 Hauser Blvd, a 24 unit apartment building
located in the Miracle Mile, a highly desirable neighborhood in Los Angeles, California. Built in 1946, the
property consists of (17) studio units and (7) one-bedroom + one-bathroom units. The building is 9,480
gross square feet and sits on a 7,802 square foot lot.
Nestled in the heart of Miracle Mile, 614 Hauser Blvd offers residents a central Los Angeles lifestyle
surrounded by culture, dining, and entertainment. Just steps from Museum Row, including LACMA,
the Petersen Automotive Museum, and the Academy Museum, this property places tenants at the
intersection of art, history, and modern living.
With a Walk Score of 94, residents enjoy easy access to local cafés, trendy restaurants, boutique
shopping, and iconic destinations such as The Grove and the Original Farmers Market. Combining
a prime Mid-Wilshire location with excellent connectivity, 614 Hauser Blvd delivers the ideal mix of
convenience, culture, and lifestyle that keeps renters highly attracted to this sought-after neighborhood.
614 Hauser Blvd represents a unique value-add opportunity for investors due to the property’s location
and rental upside. The property offers a initial CAP rate of 5.54% with the ability to improve to a 6.60%
CAP rate once units turnover.
located in the Miracle Mile, a highly desirable neighborhood in Los Angeles, California. Built in 1946, the
property consists of (17) studio units and (7) one-bedroom + one-bathroom units. The building is 9,480
gross square feet and sits on a 7,802 square foot lot.
Nestled in the heart of Miracle Mile, 614 Hauser Blvd offers residents a central Los Angeles lifestyle
surrounded by culture, dining, and entertainment. Just steps from Museum Row, including LACMA,
the Petersen Automotive Museum, and the Academy Museum, this property places tenants at the
intersection of art, history, and modern living.
With a Walk Score of 94, residents enjoy easy access to local cafés, trendy restaurants, boutique
shopping, and iconic destinations such as The Grove and the Original Farmers Market. Combining
a prime Mid-Wilshire location with excellent connectivity, 614 Hauser Blvd delivers the ideal mix of
convenience, culture, and lifestyle that keeps renters highly attracted to this sought-after neighborhood.
614 Hauser Blvd represents a unique value-add opportunity for investors due to the property’s location
and rental upside. The property offers a initial CAP rate of 5.54% with the ability to improve to a 6.60%
CAP rate once units turnover.
PROPERTY FACTS
| Price | $4,650,000 | Property Subtype | Apartment |
| Price Per Unit | $193,750 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 6.03% | Lot Size | 0.18 AC |
| Sale Condition | 1031 Exchange | Building Size | 7,804 SF |
| Gross Rent Multiplier | 10.11 | No. Stories | 2 |
| No. Units | 24 | Year Built | 1946 |
| Property Type | Multifamily | ||
| Zoning | LAR4 - restricted Density Multiple Dwelling | ||
| Price | $4,650,000 |
| Price Per Unit | $193,750 |
| Sale Type | Investment |
| Cap Rate | 6.03% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 10.11 |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 7,804 SF |
| No. Stories | 2 |
| Year Built | 1946 |
| Zoning | LAR4 - restricted Density Multiple Dwelling |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Refrigerator
- Sprinkler System
- Range
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Courtyard
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 17 | - | 450 |
| 1+1 | 7 | - | 550 |
1 1
Walk Score®
Walker's Paradise (94)
PROPERTY TAXES
| Parcel Number | 5508-013-014 | Improvements Assessment | $285,122 |
| Land Assessment | $150,789 | Total Assessment | $435,911 |
PROPERTY TAXES
Parcel Number
5508-013-014
Land Assessment
$150,789
Improvements Assessment
$285,122
Total Assessment
$435,911
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614 Hauser Blvd
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