Log In/Sign Up
Your email has been sent.
650 S Detroit St 16 Unit Apartment Building $4,000,000 ($250,000/Unit) 4.82% Cap Rate Los Angeles, CA 90036
Executive Summary
Michael Kamara of Lyon Stahl is pleased to present 650 S Detroit St, a 16 unit apartment building
located in the Miracle Mile, a highly desirable neighborhood in Los Angeles, California. Built in
1931, the property consists of (4) studio units, (8) one-bedroom + one-bathroom units, (3) two-
bedroom + one-bathroom units, (1) two-bedroom + one-and-a-half-bathroom units. The building is
16,290 gross square feet and sits on a 7,501 square foot lot.
Nestled in the heart of Miracle Mile, 650 S Detroit St 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 93, 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, 650 S Detroit St 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 4.82%, with the potential to
reach a 6.75% CAP rate upon unit turnover.
located in the Miracle Mile, a highly desirable neighborhood in Los Angeles, California. Built in
1931, the property consists of (4) studio units, (8) one-bedroom + one-bathroom units, (3) two-
bedroom + one-bathroom units, (1) two-bedroom + one-and-a-half-bathroom units. The building is
16,290 gross square feet and sits on a 7,501 square foot lot.
Nestled in the heart of Miracle Mile, 650 S Detroit St 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 93, 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, 650 S Detroit St 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 4.82%, with the potential to
reach a 6.75% CAP rate upon unit turnover.
Property Facts
| Price | $4,000,000 | Property Subtype | Apartment |
| Price Per Unit | $250,000 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 4.82% | Lot Size | 0.17 AC |
| Gross Rent Multiplier | 12.14 | Building Size | 16,290 SF |
| No. Units | 16 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1931 |
| Zoning | LAR4 | ||
| Price | $4,000,000 |
| Price Per Unit | $250,000 |
| Sale Type | Investment |
| Cap Rate | 4.82% |
| Gross Rent Multiplier | 12.14 |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 16,290 SF |
| No. Stories | 3 |
| Year Built | 1931 |
| Zoning | LAR4 |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Range
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | - | - |
| 1+1 | 8 | - | - |
| 2+1 | 3 | - | - |
| 2+1.5 | 1 | - | - |
1 1
Very walkable
80/100
Moderately drivable
60/100
Strong public transit
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5508-007-009 | Improvements Assessment | $1,003,534 |
| Land Assessment | $294,795 | Total Assessment | $1,298,329 |
Property Taxes
Parcel Number
5508-007-009
Land Assessment
$294,795
Improvements Assessment
$1,003,534
Total Assessment
$1,298,329
1 of 7
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
650 S Detroit St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.