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634 W 92nd St 21 Unit Apartment Building $3,900,000 ($185,714/Unit) 7.50% Cap Rate Los Angeles, CA 90044
Investment Highlights
- Stabilized asset with consistent in-place operations
- (21) parking spaces
- Excellent unit mix featuring (17) two bedroom units
- On-site laundry facilities
Executive Summary
Marcus & Millichap presents the opportunity to acquire 634 W. 92nd Street, a stabilized 21-unit multifamily investment located in the Vermont Vista neighborhood of South Los Angeles. Originally a 19-unit apartment building, current ownership added (2) 1 bed/1bath ADUs in 2022.
Built in 1965, the two-story property consists of approximately 15,366 square feet of rentable space (including ADUs) on an 18,106 square foot lot. The unit mix includes (2) 1bed/1bath units, (2) 3bed/1bath units, and (17) 2bed/1bath units. The property is gated, includes (21) surface parking spaces, and provides on-site laundry. Zoned under LARD1.5, the existing structure is truly irreplaceable and is the highest and absolute best use for the lot.
Built in 1965, the two-story property consists of approximately 15,366 square feet of rentable space (including ADUs) on an 18,106 square foot lot. The unit mix includes (2) 1bed/1bath units, (2) 3bed/1bath units, and (17) 2bed/1bath units. The property is gated, includes (21) surface parking spaces, and provides on-site laundry. Zoned under LARD1.5, the existing structure is truly irreplaceable and is the highest and absolute best use for the lot.
Financial Summary (Pro Forma - 2026) 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 |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) 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 | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $3,900,000 | Apartment Style | Low-Rise |
| Price Per Unit | $185,714 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.42 AC |
| Cap Rate | 7.50% | Building Size | 15,366 SF |
| Gross Rent Multiplier | 7.98 | Average Occupancy | 95% |
| No. Units | 21 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1965 |
| Property Subtype | Apartment | Parking Ratio | 1.37/1,000 SF |
| Zoning | LARD1.5 | ||
| Price | $3,900,000 |
| Price Per Unit | $185,714 |
| Sale Type | Investment |
| Cap Rate | 7.50% |
| Gross Rent Multiplier | 7.98 |
| No. Units | 21 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.42 AC |
| Building Size | 15,366 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built | 1965 |
| Parking Ratio | 1.37/1,000 SF |
| Zoning | LARD1.5 |
Amenities
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | 350 |
| 2+1 | 17 | - | 750 |
| 3+1 | 2 | - | 850 |
Moderately walkable
60/100
Exceptionally drivable
100/100
Good public transit
60/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 6039-014-021 | Total Assessment | $3,258,120 (2025) |
| Land Assessment | $2,164,864 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,093,256 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
6039-014-021
Land Assessment
$2,164,864 (2025)
Improvements Assessment
$1,093,256 (2025)
Total Assessment
$3,258,120 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
Contacts
-
Sevak Keshishian -
Aaron Es-haghian -
Shara Parseghian -
The SK Group of Marcus & Millichap
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634 W 92nd St
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