2524 S Sepulveda Blvd
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2524 S Sepulveda Blvd
8 Unit Apartment Building $5,431,500 CAD ($678,938 CAD/Unit) 4.47% Cap Rate Los Angeles, CA 90064
Investment Highlights
- Not Subject to LA City Rent Control - Only State AB1482
- Potential to Convert Rec Room into ADU - Buyer to Verify
- 7+1 Units
- Highly Desirable Westside Community
- Strong Upside Potential - Estimated 20% Upside in Rents
Executive Summary
2524 S Sepulveda Blvd is a multifamily property in the heart of West Los Angeles. Conveniently located adjacent to both the 405 and 10 freeways, and just steps away the from the Metro Expo Line Station, 2524 Sepulveda is a four story apartment property that features three 1+1 units, a 1+1.5 townhome style unit, three 2+2 units and one non-conforming single. Tenants enjoy gated secured on-grade parking and multiple private balconies, as well common area laundry facilities.
This 1991 built property is currently collecting rent that is 20% below market, providing a savvy investor the opportunity to purchase a stabilized asset with strong growth potential in an irreplaceable location.
This 1991 built property is currently collecting rent that is 20% below market, providing a savvy investor the opportunity to purchase a stabilized asset with strong growth potential in an irreplaceable location.
Property Facts
| Price | $5,431,500 CAD | Apartment Style | Low Rise |
| Price Per Unit | $678,938 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 4.47% | Building Size | 8,745 SF |
| Gross Rent Multiplier | 14.56 | Average Occupancy | 62% |
| No. Units | 8 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1991 |
| Property Subtype | Apartment | Parking Ratio | 1.37/1,000 SF |
| Price | $5,431,500 CAD |
| Price Per Unit | $678,938 CAD |
| Sale Type | Investment |
| Cap Rate | 4.47% |
| Gross Rent Multiplier | 14.56 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 8,745 SF |
| Average Occupancy | 62% |
| No. Stories | 3 |
| Year Built | 1991 |
| Parking Ratio | 1.37/1,000 SF |
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Fireplace
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | - |
| 1+1.5 | 1 | - | - |
| 2+2 | 3 | - | - |
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Walk Score®
Very Walkable (81)
Bike Score®
Very Bikeable (85)
PROPERTY TAXES
| Parcel Number | 4256-016-001 | Improvements Assessment | $1,021,979 CAD |
| Land Assessment | $1,226,381 CAD | Total Assessment | $2,248,360 CAD |
PROPERTY TAXES
Parcel Number
4256-016-001
Land Assessment
$1,226,381 CAD
Improvements Assessment
$1,021,979 CAD
Total Assessment
$2,248,360 CAD
zoning
| Zoning Code | LAR3 (Multiple Dwelling) |
| LAR3 (Multiple Dwelling) |
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2524 S Sepulveda Blvd
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