Converse & 78th Portfolio 2 Multifamily Properties Offered at $1,301,274 in Los Angeles, CA

SGV+ Multifamily Group of Compass Commercial Inc., as the Exclusive Listing Agent, is proud to present 5917 Converse Avenue and 1905 E 78th Street — a two-property multifamily portfolio consisting of two separate 4-unit properties located in the Florence-Graham neighborhood of Unincorporated Los Angeles.
The Florence-Graham neighborhood is a strongly renter-oriented market, with more than 65% of occupied housing units being renter-occupied. Strategically positioned near the I-110, I-105, and I-710 freeways, the portfolio offers convenient access to major employment centers throughout Los Angeles County. Downtown Los Angeles is approximately 6 miles north, providing access to one of the region’s largest employment hubs. Tenants also benefit from proximity to the Florence Metro Station, providing rail connectivity to Downtown Los Angeles and Downtown Long Beach. Numerous grocery stores, big-box retailers, neighborhood shops, restaurants, schools, parks, and other daily-needs amenities are located throughout the surrounding area.
INVESTMENT SUMMARY PORTFOLIO OPPORTUNITY
Combined, 5917 Converse Avenue and 1905 E 78th Street are being offered at an attractive $162,500 per unit and approximately $234 per SF — metrics that are well below recent comparable 3- and 4-unit sales in the surrounding market.
The portfolio also presents the opportunity to capture more than $91,000 in additional annual rental income through the stabilization of below-market rents.
Beyond the immediate income upside, a savvy investor will recognize additional potential in the properties’ high density R3 zoning, coupled with their approximately 8,500 SF and 9,500 SF lots. The combination of favorable zoning, large parcels, existing improvements, and significant rental upside may provide additional long-term value through future development or redevelopment potential.