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7516 S Western Ave 6 Unit Apartment Building $1,350,000 ($225,000/Unit) 7.09% Cap Rate Los Angeles, CA 90047
INVESTMENT HIGHLIGHTS
- UNIT MIX: FOUR 1+1 & TWO 2+1 UNITS
- NEW SURVEILLANCE SYSTEM
- SEPERATELY METERED FOR GAS & ELECTRICITY
- FIVE UNITS HAVE BEEN RECENTLY RENOVATED
- LARGE PARKING AREA WITH 6 SPACES
- ADU POTENTIAL (BUYER TO VERIFY)
EXECUTIVE SUMMARY
We are pleased to offer this six unit investment opportunity, located in the City of Los Angeles. This 6-unit multi-family property features a well-balanced unit mix of four 1-bedroom/1-bath units and two 2-bedroom/1-bath units, in which five have been recently renovated. The property benefits from strong in-place fundamentals supported by consistent rental demand in one of Los Angeles' most established rental markets. Recent capital improvements include a new surveillance system, upgraded exterior lighting, and new building and unit numbering, enhancing curb appeal and tenant experience. Each unit is separately metered for gas and electricity, providing operational efficiency and long-term expense control. The property also has unused space on the lot, providing potential for a future ADU (buyer to verify), while also offering an on-site parking area with 6 spaces, a valuable amenity in a dense urban environment.
Call/email Griffin White for complete package. PLEASE NOTE THE FOLLOWING: 1) DO NOT DISTURB THE TENANTS 2) Interior Inspection/Books & Records Granted with an Accepted Offer. 3) Submit Proof of Funds & Pre-Qualification Letter with Offer. Broker/agent do not guarantee the accuracy of the square footage, lot size, development potential, or any other information concerning the conditions or features of the property provided by the Seller or obtained from public records or other sources. Buyer is advised to independently verify and complete own due diligence to verify accuracy of all information through physical and personal inspections and with appropriate professionals.
Call/email Griffin White for complete package. PLEASE NOTE THE FOLLOWING: 1) DO NOT DISTURB THE TENANTS 2) Interior Inspection/Books & Records Granted with an Accepted Offer. 3) Submit Proof of Funds & Pre-Qualification Letter with Offer. Broker/agent do not guarantee the accuracy of the square footage, lot size, development potential, or any other information concerning the conditions or features of the property provided by the Seller or obtained from public records or other sources. Buyer is advised to independently verify and complete own due diligence to verify accuracy of all information through physical and personal inspections and with appropriate professionals.
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 |
-
|
-
|
| Operating Expenses |
-
|
-
|
| 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 | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $1,350,000 | Apartment Style | Low-Rise |
| Price Per Unit | $225,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.13 AC |
| Cap Rate | 7.09% | Building Size | 4,180 SF |
| Gross Rent Multiplier | 9.47 | No. Stories | 2 |
| No. Units | 6 | Year Built | 1953 |
| Property Type | Multifamily | Parking Ratio | 1.44/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | C2 - Commercial | ||
| Price | $1,350,000 |
| Price Per Unit | $225,000 |
| Sale Type | Investment |
| Cap Rate | 7.09% |
| Gross Rent Multiplier | 9.47 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 4,180 SF |
| No. Stories | 2 |
| Year Built | 1953 |
| Parking Ratio | 1.44/1,000 SF |
| Zoning | C2 - Commercial |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
| 2+1 | 2 | - | - |
1 1
Walk Score®
Very Walkable (71)
PROPERTY TAXES
| Parcel Number | 6018-016-014 | Improvements Assessment | $487,093 (2025) |
| Land Assessment | $784,762 (2025) | Total Assessment | $1,271,855 (2025) |
PROPERTY TAXES
Parcel Number
6018-016-014
Land Assessment
$784,762 (2025)
Improvements Assessment
$487,093 (2025)
Total Assessment
$1,271,855 (2025)
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7516 S Western Ave
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