Log In/Sign Up
Your email has been sent.
637-641 S McDonnell Ave
Los Angeles, CA 90022
Multifamily Property For Sale
·
11 Units


Investment Highlights
- Mostly Single-Story Construction: Provides Easier Maintenance and Higher Appeal to Prospective Tenants
- Upside Potential in Rental Income and ADU possibilities
- Convenient Access to 710, 10 and 5 Freeways
- Attractive Mix of (1) 2 bd + 1 ba, (6) 1 bd + 1 ba, and (4) Studios
- Walking Distance to Metro Gold Line Station, various entertainment and community events at the East Los Angeles Civic Center, and Shopping on Whittier
- Immediate Cash Flow from Day 1
Executive Summary
Situated in the heart of East Los Angeles, this well-located multifamily investment presents an attractive combination of tenant appeal, convenience, and future upside. The property features an attractive unit mix of (1) 2 bd + 1 ba, (6) 1 bd + 1 ba, and (4) studios, providing a diverse mix of rental options suited to a broad tenant base. The property’s mostly single-story construction offers a practical advantage for ownership, providing easier maintenance and an appealing living environment for prospective tenants.
In addition to its existing income stream, the property offers potential for increased rental income and future ADU development, providing an investor with multiple avenues to enhance value and maximize the property’s income-producing potential, subject to applicable zoning and permitting requirements. Plans for two ADUs were previously approved.
Location further strengthens the investment profile. Residents are within walking distance of the Metro Gold Line Station, providing convenient access to public transportation and connectivity throughout Los Angeles. The property is also near the East Los Angeles Civic Center, offering access to community events, entertainment, recreational opportunities, and local services. Nearby Whittier Boulevard provides an established mix of shopping, dining, and everyday conveniences.
For commuters, the property offers convenient access to the 710, 10, and 5 Freeways, providing efficient connectivity to Downtown Los Angeles, surrounding employment centers, and major destinations throughout the region.
In addition to its existing income stream, the property offers potential for increased rental income and future ADU development, providing an investor with multiple avenues to enhance value and maximize the property’s income-producing potential, subject to applicable zoning and permitting requirements. Plans for two ADUs were previously approved.
Location further strengthens the investment profile. Residents are within walking distance of the Metro Gold Line Station, providing convenient access to public transportation and connectivity throughout Los Angeles. The property is also near the East Los Angeles Civic Center, offering access to community events, entertainment, recreational opportunities, and local services. Nearby Whittier Boulevard provides an established mix of shopping, dining, and everyday conveniences.
For commuters, the property offers convenient access to the 710, 10, and 5 Freeways, providing efficient connectivity to Downtown Los Angeles, surrounding employment centers, and major destinations throughout the region.
Property Facts
| Price Per Unit | $161,364 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 7.13% | Building Size | 4,072 SF |
| Gross Rent Multiplier | 9.38 | Average Occupancy | 100% |
| No. Units | 11 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1927/1993 |
| Property Subtype | Apartment | Parking Ratio | 0.74/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | LCR2YY | ||
| Price Per Unit | $161,364 |
| Sale Type | Investment |
| Cap Rate | 7.13% |
| Gross Rent Multiplier | 9.38 |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 4,072 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1927/1993 |
| Parking Ratio | 0.74/1,000 SF |
| Zoning | LCR2YY |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | $1,779 | - |
| 1+1 | 6 | $1,420 | - |
| Studios | 4 | $1,458 | - |
Property Taxes
| Parcel Number | 5247-015-027 | Improvements Assessment | $539,669 |
| Land Assessment | $1,044,524 | Total Assessment | $1,584,193 |
Property Taxes
Parcel Number
5247-015-027
Land Assessment
$1,044,524
Improvements Assessment
$539,669
Total Assessment
$1,584,193
1 of 7
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
