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859 N June St 18 Unit Apartment Building $4,200,000 ($233,333/Unit) 5.19% Cap Rate Los Angeles, CA 90038
INVESTMENT HIGHLIGHTS
- Excellent location in the Hollywood Media District
- Vintage architectural elements
- Quiet residential neighborhood
- Strong in-place rents with upside
- Full roof replacement completed in 2024
- Solar water heating system
EXECUTIVE SUMMARY
Kidder Mathews presents 859 N. June Street, an 18-unit value-add multifamily asset in the highly desirable Hollywood Media District. This three-story character building, featuring 6 one-bedroom units and 12 singles with full kitchens, is fully occupied, providing immediate, stabilized cash flow. The well-maintained property received a full roof replacement in 2024 and retains vintage appeal with original hardwood floors and arched windows, allowing for significant appreciation potential through strategic unit renovations as apartments become available. Located on a tranquil, tree-lined street, the property boasts an exceptional Walk Score of 90, placing it moments from major studios, entertainment, dining, and essential amenities like Trader Joe's, offering a rare blend of peace and ultimate accessibility.
FINANCIAL SUMMARY (PRO FORMA - 2025) 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 |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) 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 | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $4,200,000 | Apartment Style | Low-Rise |
| Price Per Unit | $233,333 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 5.19% | Building Size | 12,969 SF |
| Gross Rent Multiplier | 11.06 | Average Occupancy | 100% |
| No. Units | 18 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1928 |
| Property Subtype | Apartment | ||
| Zoning | R4-2, Los Angeles | ||
| Price | $4,200,000 |
| Price Per Unit | $233,333 |
| Sale Type | Investment |
| Cap Rate | 5.19% |
| Gross Rent Multiplier | 11.06 |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 12,969 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1928 |
| Zoning | R4-2, Los Angeles |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 12 | - | - |
| 1+1 | 6 | - | - |
1 1
Walk Score®
Walker's Paradise (90)
PROPERTY TAXES
| Parcel Number | 5524-007-001 | Total Assessment | $742,473 |
| Land Assessment | $263,453 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $479,020 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
5524-007-001
Land Assessment
$263,453
Improvements Assessment
$479,020
Total Assessment
$742,473
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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859 N June St
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