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    Los Angeles Multifamily Investment Opportunity Title is generated by Realmo AI

    2615 Chariton Street, Los Angeles, CA 90034

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    Claim this Listing
    For Sale
    $2,300,000

    Apartment - Los Angeles, CA

    Type:Apartment
    Property size:
    6,008 SF
    Lot size:
    7,476.00 Acres
    Price / SF:
    $382/SF
    Added:
    Feb 19, 2026
    Days on Market:
    99
    Last Refresh:
    May 29 at 11:06 pm

    Property Features for 2615 Chariton Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Apartment
    Zoning
    LAR3
    Bedrooms
    11
    Bathrooms
    10
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Parking
    9
    Exterior features
    Community Features Included: Sidewalks, Rectangular Lot, Walkstreet
    Standard status
    Active
    APN
    5065010027
    Size
    6,008 SF
    Lot size
    7,476.00 Acres

    Building Details

    Year built
    1962
    Floors in Building
    2
    Number of units
    9
    Architectural style
    Other

    We can help!

    Listing Contact
    Mansour Bigdeli

    Listing agent Mansour Bigdeli License #01328403

    Listing office Century 21 Coastal Properties 23705 Crenshaw Blvd Ste 100, Torrance, CA

    Listing date Feb 19, 2026

    MLS# SB26037018 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.

    HighLights

    • Prime location: Just 1.5 miles to Culver City Arts District, Metro Hub, and major motion picture studios (Sony Pictures).
    • Strong rental demand: Close to tens of thousands of creative and production jobs and UCLA's new Arts & Architecture campus.
    • Excellent accessibility: Easy access to 405, 10, 110 FWY and metro rail lines; 8 miles to DTLA, Staple Center, Silicon Beach, and Santa Monica.
    • Desirable unit mix: Consists of (3) Studios, (1) One Bed/One Bath and (5) Two Bed/Two Bath.
    • Property is in a TOC. It has Tier 1 status.
    • Convenient amenities: Close to markets, restaurants, and microbreweries.

    Overview

    This nine-unit apartment building is located at 2615 Chariton St, Los Angeles. The unit mix consists of three studios, one one-bedroom/one-bath unit, and five two-bedroom/two-bath units. The property is situated approximately 1.5 miles from the revitalized Culver City Arts District, the newly constructed Metro Hub, and major motion picture studios, including Sony Pictures. The location benefits from its proximity to tens of thousands of creative and production jobs within a 5-mile radius, including Culver Studios, NPR, WeWork, and numerous small and medium-sized design studios, photo stages, and marketing firms. UCLA's new School of Arts & Architecture campus is also near completion in the area. The property is centrally located near markets, restaurants, and microbreweries, with convenient access to the 405, 10, and 110 Freeways, as well as metro rail lines. Downtown Los Angeles and the Staple Center are approximately 8 miles away, as are Silicon Beach and Santa Monica to the west. The property is in a TOC and has Tier 1 status. The lot size is approximately 0.17 acres, and the property size is 6,008 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    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
    -118.3795906
    Latitude
    34.0354963

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    FAQs

    What type of property is this?
    Apartment building - Nine-unit apartment building near Culver City Arts District.
    Where is this apartment building located?
    The property is located at 2615 Chariton Street Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $2,300,000.
    What are key features of this property?
    This property features: Prime location: Just 1.5 miles to Culver City Arts District, Metro Hub, and major motion picture studios (Sony Pictures).; Strong rental demand: Close to tens of thousands of creative and production jobs and UCLA's new Arts & Architecture campus.; Excellent accessibility: Easy access to 405, 10, 110 FWY and metro rail lines; 8 miles to DTLA, Staple Center, Silicon Beach, and Santa Monica.
    (310) 283-4007
    We can help!
    Listing Contact
    Mansour Bigdeli
    Real Estate License ID: 01328403
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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.

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