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15 Units | Motivated Seller 819 Beacon Ave 15 Unit Apartment Building $1,995,000 ($133,000/Unit) 6.72% Cap Rate Los Angeles, CA 90017
INVESTMENT HIGHLIGHTS
- Built in 1906 | RSO Property
- Over 25% Upside in Rents
- Two Vacant Units
- Value Add Opportunity
- Studios and 1 Bedroom Units
- Walkable to Metro Station
EXECUTIVE SUMMARY
819 Beacon Ave is ideally positioned in Westlake, a vibrant and rapidly evolving neighborhood known for its dynamic cultural scene, historic charm, and proximity to major business and entertainment hubs. The area benefits from ongoing revitalization, attracting young professionals, families, and creative tenants seeking urban convenience.
The property is just a five-minute walk from the Westlake/MacArthur Park Metro Station, which connects to the Red and Purple Lines, offering seamless access to Downtown Los Angeles, Hollywood, and Koreatown. Several bus stops along Wilshire Boulevard and Alvarado Street provide additional public transit options. Union Station, a major transportation hub, is only a short ride away. For travelers, Los Angeles International Airport (LAX) is just a 25-minute drive from the property, offering convenient access to domestic and international flights.
Nearby, tenants can enjoy the tranquil beauty of MacArthur Park, as well
as the vibrant dining, shopping, and nightlife scene in Koreatown and Downtown LA’s Financial District. The property also offers quick access to the 101, 110, and 10 Freeways, making it an ideal base for commuting across Los Angeles.
With its unbeatable location, architectural character, and immediate leasing potential, 819 Beacon Ave stands out as a rare and promising investment in one of Los Angeles’ most exciting submarkets.
The property is just a five-minute walk from the Westlake/MacArthur Park Metro Station, which connects to the Red and Purple Lines, offering seamless access to Downtown Los Angeles, Hollywood, and Koreatown. Several bus stops along Wilshire Boulevard and Alvarado Street provide additional public transit options. Union Station, a major transportation hub, is only a short ride away. For travelers, Los Angeles International Airport (LAX) is just a 25-minute drive from the property, offering convenient access to domestic and international flights.
Nearby, tenants can enjoy the tranquil beauty of MacArthur Park, as well
as the vibrant dining, shopping, and nightlife scene in Koreatown and Downtown LA’s Financial District. The property also offers quick access to the 101, 110, and 10 Freeways, making it an ideal base for commuting across Los Angeles.
With its unbeatable location, architectural character, and immediate leasing potential, 819 Beacon Ave stands out as a rare and promising investment in one of Los Angeles’ most exciting submarkets.
DATA ROOM Click Here to Access
- Offering Memorandum
FINANCIAL SUMMARY (ACTUAL - 2024) 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 (ACTUAL - 2024) 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 Under Contract
| Price | $1,995,000 | Apartment Style | Low-Rise |
| Price Per Unit | $133,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.18 AC |
| Cap Rate | 6.72% | Building Size | 10,340 SF |
| Gross Rent Multiplier | 7.56 | Average Occupancy | 100% |
| No. Units | 15 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1906 |
| Property Subtype | Apartment | ||
| Zoning | R3-1 - Multiple Residential | ||
| Price | $1,995,000 |
| Price Per Unit | $133,000 |
| Sale Type | Investment |
| Cap Rate | 6.72% |
| Gross Rent Multiplier | 7.56 |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 10,340 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1906 |
| Zoning | R3-1 - Multiple Residential |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 7 | $1,321 | 500 - 600 |
| 1+1 | 8 | $1,594 | 800 |
1 1
Walk Score®
Walker's Paradise (96)
Transit Score®
Excellent Transit (87)
Bike Score®
Very Bikeable (80)
PROPERTY TAXES
| Parcel Number | 5142-015-015 | Improvements Assessment | $367,877 (2025) |
| Land Assessment | $516,324 (2025) | Total Assessment | $884,201 (2025) |
PROPERTY TAXES
Parcel Number
5142-015-015
Land Assessment
$516,324 (2025)
Improvements Assessment
$367,877 (2025)
Total Assessment
$884,201 (2025)
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15 Units | Motivated Seller | 819 Beacon Ave
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