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    The Largest CRE Database in the US with Over 1 Million Listings

    1931 W 35Th St Los Angeles, CA 90018

    Sponsored
    For Sale
    $1,299,999

    Apartment - Los Angeles, CA

    Type:Apartment
    Property size:
    3,340 SF
    Lot size:
    6,907.00 Acres
    Days on Market:
    217
    Last Refresh:
    Feb 2 at 7:06 pm

    Property Features for 1931 W 35Th St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Apartment
    Standard status
    Active
    Zoning
    LAR2
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    8
    Bathrooms
    4
    APN
    5042033010
    Parking features
    Assigned
    Exterior features
    Fence, Community Features Included: Urban, Back Yard
    Fencing
    Fenced
    Size
    3,340 SF
    Lot size
    6,907.00 Acres

    Building Details

    Year built
    1945
    Floors in Building
    2
    Number of units
    4
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Danny Navarro

    Century 21 Allstars (562) 205-3504

    Listing agent Danny Navarro (562) 863-2121 License #01938421

    Listing date Jul 1, 2025

    MLS# DW25146533 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Los Angeles Fourplex with Upgrade Potential

    This well-maintained four-unit apartment building is located in a strong Los Angeles rental market. Built in 1945, the property includes approximately 3,340 square feet of livable space on a lot size of just under 7,000 square feet. Each of the four units features 2 bedrooms and 1 bathroom, with each unit around 835 square feet. The property has significant upside potential with the possibility of adding an Accessory Dwelling Unit (ADU) in the backyard, which has alley access. The property is centrally located near the Expo Line, with convenient access to major freeways and Downtown LA. New roof, gutters, and downspouts were installed in 2020. The electrical systems were completely gutted and upgraded to the current code with permits in all units, including a new electrical panel in 2017. Two new water heaters were installed in 2020, with new expansion tanks and a water pressure regulator installed in 2017. Two new water heaters were installed in 2025. A new sprinkler system was installed in 2021. Unit 1931 was gutted to the studs and renovated in 2017. New kitchens were installed in units 1933 1/2 (2020), 1931 (2020), and 1933 (2024). All units have new laminate flooring in the bedrooms and common areas. The exterior was painted throughout in 2024. Bars protecting gas meters were installed in 2020, and security bars were added to Unit 1931 with permits in 2021. New paint was applied to all iron gates and fences in 2024, and concrete parking stoppers were installed in 2020. The entire property received new stucco in 2024, with touch-ups done in 2025. The entire building was tented for termites in 2017. Two units will be delivered vacant at closing. All units are tenant occupied.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Appinventors Inc (Bike/Boat/Book/etc) Store

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.314389
    Latitude
    34.024624

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    FAQs

    What type of property is this?
    Quadplex - Well-maintained fourplex in a strong rental market with ADU potential.
    Where is this quadplex located?
    The property is located at 1931 W 35Th St Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $1,299,999.
    What are key features of this property?
    This property features: - Two units delivered vacant at closing, offering immediate rental income potential or owner-occupancy opportunities.; - Significant upside potential with the possibility of adding an Accessory Dwelling Unit (ADU) in the backyard with alley access.; - **Recent major renovations including new roof (2020), complete electrical system upgrade (2017), new stucco (2024/2025), and new kitchens in multiple units (2020, 2024).**
    (949) 903-6633
    Request Owner's contact information
    1931 W 35Th St Los Angeles, CA 90018
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    Los Angeles, CA 90018
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1931 W 35Th St Los Angeles, CA 90018
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    We can help!
    Listing Contact
    Danny Navarro
    Real Estate License ID: 01938421
    (949) 903-6633
    Learn more
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