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Altman Apartments Portfolio – 7 Assets 7 Properties Offered at $27,298,000 in Los Angeles, CA
Investment Highlights
- 7 assets, 171 income units, 55,805 SF at $489/SF
- Aggregate NOI $1,846,446 ? $2,049,835
- Buy the portfolio or select individual assets
- Blended 6.76% in-place ? 7.51% pro forma
- Stabilized core + value-add mix, single ownership
Executive Summary
PRICE IMPROVEMENT — now $27,298,000, reduced $701,000 across six of seven assets. A seven-asset Central Los Angeles multifamily portfolio: 171 income units across 55,805 rentable SF under single ownership, at $489/SF, offered at a blended 6.76% in-place cap rate rising to 7.51% pro forma.
AGGREGATE NOI: $1,846,446 in place rising to $2,049,835 pro forma, on a blended GRM of 7.98 — a durable Central-LA cash-flow base with mark-to-market and repositioning upside.
BALANCED STABILIZED + VALUE-ADD MIX: Cash-flowing renovated core assets (Royal Viking, Alvarado, 27th Street, Wilton Place) paired with higher-yield repositioning plays (Pads on Pasadena, The Victorian at 11th Place, Toberman House).
IRREPLACEABLE, TRANSIT-RICH FOOTPRINT: Westlake, Hollywood, Pico-Union, Historic South Central, DTLA / South Park and Lincoln Heights — dense, renter-dominated submarkets with deep, budget-oriented demand. Roughly 1.3 million residents within five miles of the portfolio's center of gravity.
SCALE — OR FLEXIBILITY: Acquire the entire portfolio for operating scale and efficiency in a tight geographic cluster that supports shared management, staffing and vendor efficiency — or select individual assets. The Seller will consider both structures.
Full OM, proforma, T-12 and rent roll available on each asset. Full co-broke offered.
AGGREGATE NOI: $1,846,446 in place rising to $2,049,835 pro forma, on a blended GRM of 7.98 — a durable Central-LA cash-flow base with mark-to-market and repositioning upside.
BALANCED STABILIZED + VALUE-ADD MIX: Cash-flowing renovated core assets (Royal Viking, Alvarado, 27th Street, Wilton Place) paired with higher-yield repositioning plays (Pads on Pasadena, The Victorian at 11th Place, Toberman House).
IRREPLACEABLE, TRANSIT-RICH FOOTPRINT: Westlake, Hollywood, Pico-Union, Historic South Central, DTLA / South Park and Lincoln Heights — dense, renter-dominated submarkets with deep, budget-oriented demand. Roughly 1.3 million residents within five miles of the portfolio's center of gravity.
SCALE — OR FLEXIBILITY: Acquire the entire portfolio for operating scale and efficiency in a tight geographic cluster that supports shared management, staffing and vendor efficiency — or select individual assets. The Seller will consider both structures.
Full OM, proforma, T-12 and rent roll available on each asset. Full co-broke offered.
Property Facts
| Price | $27,298,000 | Status | Active |
| Price / SF | $470.83 / SF | Number of Properties | 7 |
| Sale Condition | Bulk/Portfolio Sale | Individually For Sale | 7 |
| Cap Rate | 6.76% | Total Building Size | 57,979 SF |
| Sale Type | Investment | Total Land Area | 1.82 AC |
| Price | $27,298,000 |
| Price / SF | $470.83 / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Cap Rate | 6.76% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 7 |
| Individually For Sale | 7 |
| Total Building Size | 57,979 SF |
| Total Land Area | 1.82 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Royal Viking Motel
2025 W 3rd St, Los Angeles, CA 90057 |
Hospitality | 17,430 SF | 1955 | $12,999,000 |
| 721-729 S Alvarado St, Los Angeles, CA 90057 | Multifamily | 13,201 SF | 1923 | $4,000,000 |
|
27th Street Apartments
440 E 27th St, Los Angeles, CA 90011 |
Multifamily | 7,312 SF | 1925 | $3,000,000 |
| 1732 N Wilton Pl, Los Angeles, CA 90028 | Multifamily | 7,204 SF | 1917 | $2,850,000 |
| 2301 Pasadena Ave, Los Angeles, CA 90031 | Multifamily | 6,358 SF | 1910 | $1,899,000 |
| 1840 W 11th Pl, Los Angeles, CA 90006 | Multifamily | 3,744 SF | 1900 | $1,450,000 |
| 1703 Toberman St, Los Angeles, CA 90015 | Multifamily | 2,730 SF | 1899 | $1,100,000 |
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Altman Apartments Portfolio – 7 Assets