1604 La Fayette Rd
4 Unit Apartment Building $1,295,000 ($323,750/Unit) Los Angeles, CA 90019
INVESTMENT HIGHLIGHTS
- Charming 4-unit building in Mid City / La Fayette Square
- Good size units with wash and dryer in each unit
- New windows in select units
- Centrally located next to Midtown Crossing Center
- Brand new roof installed in 2024
- Value-add opportunity with potential to add ADUs
EXECUTIVE SUMMARY
Charming 4-unit property in Mid City / La Fayette Square on a quite cul-de-sac. Centrally located next to Midtown Crossing Center. Good size units with washer and dryer in each unit. Several upgrades to the property over the years. Brand new roof installed in 2024. New windows installed in select units. Each unit has a similar open floorplan and full size dining rooms with built-in cabinets. Units are individually metered for utilities. Fully parked with the potential to add ADUs to increase income. Value-add opportunity with upside in rents.
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
|
PROPERTY FACTS
| Price | $1,295,000 |
| Price Per Unit | $323,750 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 3,012 SF |
| No. Stories | 2 |
| Year Built | 1922 |
UNIT AMENITIES
- Washer/Dryer
- Refrigerator
- Range
- Walk-In Closets
- Vinyl Flooring
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
1 of 1
Walk Score®
Very Walkable (86)
PROPERTY TAXES
| Parcel Number | 5071-009-032 | Improvements Assessment | $262,753 |
| Land Assessment | $615,060 | Total Assessment | $877,813 |
ZONING
| Zoning Code | LAR3 |
