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6512 W Olympic Blvd 4 Unit Apartment Building $2,300,000 ($575,000/Unit) 3.01% Cap Rate Los Angeles, CA 90048
Investment Highlights
- South Carthay location, near new metro line
- low vacancy
- Near Market Rents
Executive Summary
There are three metro stops: The terminus is at Wilshire and La Cienega, the middle one at Wilshire and Fairfax, and the first new stop is Wilshire and La Brea.
Prime Investment Opportunity
Prime Investment Opportunity
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$148,920
|
$28.10
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$148,920
|
$28.10
|
| Taxes |
$13,983
|
$2.64
|
| Operating Expenses |
$69,272
|
$13.07
|
| Total Expenses |
$83,255
|
$15.71
|
| Net Operating Income |
$65,665
|
$12.39
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $148,920 |
| Annual Per SF | $28.10 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $148,920 |
| Annual Per SF | $28.10 |
| Taxes | |
|---|---|
| Annual | $13,983 |
| Annual Per SF | $2.64 |
| Operating Expenses | |
|---|---|
| Annual | $69,272 |
| Annual Per SF | $13.07 |
| Total Expenses | |
|---|---|
| Annual | $83,255 |
| Annual Per SF | $15.71 |
| Net Operating Income | |
|---|---|
| Annual | $65,665 |
| Annual Per SF | $12.39 |
Property Facts
| Price | $2,300,000 | Apartment Style | Low-Rise |
| Price Per Unit | $575,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 3.01% | Building Size | 5,300 SF |
| Gross Rent Multiplier | 15.4 | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1935 |
| Property Subtype | Apartment | Parking Ratio | 0.75/1,000 SF |
| Zoning | LAR3 - LA3 | ||
| Price | $2,300,000 |
| Price Per Unit | $575,000 |
| Sale Type | Investment |
| Cap Rate | 3.01% |
| Gross Rent Multiplier | 15.4 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 5,300 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1935 |
| Parking Ratio | 0.75/1,000 SF |
| Zoning | LAR3 - LA3 |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Courtyard
- Tenant Controlled HVAC
- Public Transportation
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 1 | $4,218 | - |
| 2+1.5 | 3 | $2,935 | - |
1 1
Very walkable
80/100
Moderately drivable
60/100
Good public transit
60/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5087-007-006 | Total Assessment | $1,122,579 |
| Land Assessment | $606,963 | Annual Taxes | $13,983 ($2.64/SF) |
| Improvements Assessment | $515,616 | Tax Year | 2025 |
Property Taxes
Parcel Number
5087-007-006
Land Assessment
$606,963
Improvements Assessment
$515,616
Total Assessment
$1,122,579
Annual Taxes
$13,983 ($2.64/SF)
Tax Year
2025
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6512 W Olympic Blvd
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