The Aldama Collection 6178 Aldama St 5 Unit Apartment Building $2,750,000 ($550,000/Unit) 5.65% Cap Rate Los Angeles, CA 90042

Turnkey five-home, market-rate multifamily compound located in one of Highland Park’s most sought-after rental pockets. The property consists of a restored 1915 Craftsman residence at the front and four large townhome-style homes built in 2016, offering a compelling blend of architectural character and modern construction. With an average unit size of approximately 1,554 square feet, the residences function as large single-family home alternatives.
The property is fully occupied and professionally managed with efficient operations and minimal expenses, generating strong in-place income with a current NOI of $155,225 and offered at a true 5.65 % Cap rate on actuals.
Each residence features private outdoor space, in-unit laundry, separate meters, and on-site parking with garages. Situated on a 10,000 square foot lot with approximately 7,764 square feet of improvements, the property includes ten total parking spaces, supporting low turnover and strong rental performance. The asset is priced well below replacement value at approximately $380 per square foot.
Located on a quiet, tree-lined street just off York Boulevard and moments from Figueroa, within walking distance to restaurants, cafes, and neighborhood amenities, the property benefits from exceptional walkability and sustained renter demand.
The majority of the units are non-RSO, (Non LA Rent Control) with four of the five units exempt, providing enhanced operational flexibility and future rent growth potential.
With pride-of-ownership curb appeal and a stabilized, turnkey profile, this represents a rare opportunity to acquire a high-quality multifamily compound in Northeast Los Angeles.