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621 S Dunsmuir Ave 32 Unit Apartment Building $5,600,000 ($175,000/Unit) 5.38% Cap Rate Los Angeles, CA 90036
Executive Summary
Michael Kamara of Lyon Stahl is pleased to present 621 S Dunsmuir Ave, a 32 unit apartment
building located in the Miracle Mile, a highly desirable neighborhood in Los Angeles, California.
Built in 1929, the property consists of (24) studio units and (8) one-bedroom + one-bathroom units.
The building is 21,480 gross square feet and sits on a 7,801 square foot lot.
Nestled in the heart of Miracle Mile, 621 S Dunsmuir Ave 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 95, 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, 621 S Dunsmuir Ave delivers the ideal
mix of convenience, culture, and lifestyle that keeps renters highly attracted to this sought-after
neighborhood. The property currently delivers an initial CAP rate of 5.38%, with the potential to
reach a 7.17% CAP rate upon unit turnover.
building located in the Miracle Mile, a highly desirable neighborhood in Los Angeles, California.
Built in 1929, the property consists of (24) studio units and (8) one-bedroom + one-bathroom units.
The building is 21,480 gross square feet and sits on a 7,801 square foot lot.
Nestled in the heart of Miracle Mile, 621 S Dunsmuir Ave 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 95, 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, 621 S Dunsmuir Ave delivers the ideal
mix of convenience, culture, and lifestyle that keeps renters highly attracted to this sought-after
neighborhood. The property currently delivers an initial CAP rate of 5.38%, with the potential to
reach a 7.17% CAP rate upon unit turnover.
Property Facts
| Price | $5,600,000 | Property Subtype | Apartment |
| Price Per Unit | $175,000 | Apartment Style | Mid-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.38% | Lot Size | 0.18 AC |
| Gross Rent Multiplier | 10 | Building Size | 21,480 SF |
| No. Units | 32 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1929 |
| Zoning | LAR4 | ||
| Price | $5,600,000 |
| Price Per Unit | $175,000 |
| Sale Type | Investment |
| Cap Rate | 5.38% |
| Gross Rent Multiplier | 10 |
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 21,480 SF |
| No. Stories | 4 |
| Year Built | 1929 |
| Zoning | LAR4 |
Amenities
Unit Amenities
- Heating
- Kitchen
- Oven
- Range
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 32 | - | - |
1 1
Very walkable
80/100
Moderately drivable
60/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5508-011-010 | Improvements Assessment | $417,950 |
| Land Assessment | $625,748 | Total Assessment | $1,043,698 |
Property Taxes
Parcel Number
5508-011-010
Land Assessment
$625,748
Improvements Assessment
$417,950
Total Assessment
$1,043,698
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621 S Dunsmuir Ave