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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
Prime investment opportunity
Historic building (HPOZ)
Historic building (HPOZ)
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$148,920
|
$23.31
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$148,920
|
$23.31
|
| Taxes |
$13,983
|
$2.19
|
| Operating Expenses |
$69,272
|
$10.84
|
| Total Expenses |
$83,255
|
$13.03
|
| Net Operating Income |
$65,665
|
$10.28
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $148,920 |
| Annual Per SF | $23.31 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $148,920 |
| Annual Per SF | $23.31 |
| Taxes | |
|---|---|
| Annual | $13,983 |
| Annual Per SF | $2.19 |
| Operating Expenses | |
|---|---|
| Annual | $69,272 |
| Annual Per SF | $10.84 |
| Total Expenses | |
|---|---|
| Annual | $83,255 |
| Annual Per SF | $13.03 |
| Net Operating Income | |
|---|---|
| Annual | $65,665 |
| Annual Per SF | $10.28 |
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
- 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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