11158-11162 Massachusetts Ave
14 Unit Apartment Building $3,495,000 ($249,643/Unit) 5.25% Cap Rate Los Angeles, CA 90025
INVESTMENT HIGHLIGHTS
- Well located in West Los Angeles
- Close to parks, baseball fields, and many upscale services.
- Please see our Offering Memorandum and Documents for more details.
- CAP Rate is 5.25%
- Well-maintained building with low vacancy.
EXECUTIVE SUMMARY
14 unit building.
Well located in West Los Angeles
CAP Rate is 5.25% !!
Well-maintained building with low vacancy.
Fully occupied with high demand
On a quiet street in the heart of the city with easy parking.
Close to parks, baseball fields, and many upscale services.
Quick connect to Westwood Blvd, going straight to UCLA.
Travel smoothly through the city on nearby Sepulveda Blvd, Santa Monica Blvd, and 405 freeway.
Please see our Offering Memorandum and Documents for more details.
Showings by appointment only.
Do NOT disturb tenants.
Well located in West Los Angeles
CAP Rate is 5.25% !!
Well-maintained building with low vacancy.
Fully occupied with high demand
On a quiet street in the heart of the city with easy parking.
Close to parks, baseball fields, and many upscale services.
Quick connect to Westwood Blvd, going straight to UCLA.
Travel smoothly through the city on nearby Sepulveda Blvd, Santa Monica Blvd, and 405 freeway.
Please see our Offering Memorandum and Documents for more details.
Showings by appointment only.
Do NOT disturb tenants.
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$267,284
|
$35.17
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$267,284
|
$35.17
|
| Taxes |
$41,940
|
$5.52
|
| Operating Expenses |
$41,689
|
$5.49
|
| Total Expenses |
$83,629
|
$11.00
|
| Net Operating Income |
$183,655
|
$24.17
|
PROPERTY FACTS
| Price | $3,495,000 |
| Price Per Unit | $249,643 |
| Sale Type | Investment |
| Cap Rate | 5.25% |
| Gross Rent Multiplier | 13.08 |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 7,600 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1955 |
| Parking Ratio | 2.85/1,000 SF |
UNIT AMENITIES
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Online Services
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 12 | $1,635 | - |
| 1+1 | 2 | $1,995 | - |
Walk Score®
Walker's Paradise (90)
Transit Score®
Excellent Transit (70)
Bike Score®
Very Bikeable (77)
PROPERTY TAXES
| Parcel Number | 4324-035-001 | Total Assessment | $1,130,116 (2024) |
| Land Assessment | $685,608 (2024) | Annual Taxes | $41,940 ($5.52/SF) |
| Improvements Assessment | $444,508 (2024) | Tax Year | 2025 |
ZONING
| Zoning Code | M1-1, Los Angeles |
