1537 Corinth Ave
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1537 Corinth Ave
18 Unit Apartment Building $4,495,000 ($249,722/Unit) 5% Cap Rate Los Angeles, CA 90025
INVESTMENT HIGHLIGHTS
- Reposition Opportunity
- Adjacent Building 1539-1545 is also available for sale
- Great West LA Location
EXECUTIVE SUMMARY
The Corinth Apartments are a well maintained rent controlled property located in the City of Los Angeles in West Los Angeles. Built with beautiful European architecture this property presents an astute investor a reposition opportunity as there is approximately 10% upside in rents.
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 |
-
|
-
|
| Operating Expenses |
-
|
-
|
| 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 | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $4,495,000 | Property Subtype | Apartment |
| Price Per Unit | $249,722 | Apartment Style | Low Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5% | Lot Size | 0.16 AC |
| Gross Rent Multiplier | 12.67 | Building Size | 8,596 SF |
| No. Units | 18 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1926 |
| Price | $4,495,000 |
| Price Per Unit | $249,722 |
| Sale Type | Investment |
| Cap Rate | 5% |
| Gross Rent Multiplier | 12.67 |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 8,596 SF |
| No. Stories | 2 |
| Year Built | 1926 |
UNIT AMENITIES
- Hardwood Floors
- Vaulted Ceiling
- Oven
- Range
SITE AMENITIES
- Laundry Facilities
- Property Manager on Site
- Gated
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 16 | - | - |
| 1+1 | 1 | - | - |
| 2+1 | 1 | - | - |
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Walk Score®
Very Walkable (88)
Bike Score®
Very Bikeable (77)
PROPERTY TAXES
| Parcel Number | 4261-004-009 | Improvements Assessment | $628,023 (2024) |
| Land Assessment | $2,009,686 (2024) | Total Assessment | $2,637,709 (2024) |
PROPERTY TAXES
Parcel Number
4261-004-009
Land Assessment
$2,009,686 (2024)
Improvements Assessment
$628,023 (2024)
Total Assessment
$2,637,709 (2024)
ZONING
| Zoning Code | LAR3 (Residential) |
| LAR3 (Residential) |
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1537 Corinth Ave
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