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    West Los Angeles Multifamily Investment Title is generated by Realmo AI

    2617 S Sepulveda Blvd, Los Angeles, CA 90064

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    Claim this Listing
    New
    For Sale
    $5,900,000

    MULTI_FAMILY - Los Angeles, CA

    Property size:
    19,116 SF
    Lot size:
    0.46 Acres
    Price / SF:
    $308/SF
    Added:
    May 27, 2026
    Days on Market:
    3
    Last Refresh:
    May 29 at 4:06 pm

    Property Features for 2617 S Sepulveda Blvd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    LAR3
    Bedrooms
    19
    Bathrooms
    32
    Rooms
    Bathroom 25, Bathroom 30, Bathroom 13, Bathroom 17, Bedroom 14, Bedroom 1, Bedroom 6, Bathroom 21, Bathroom 23, Bathroom 14, Bathroom 29, Bedroom 9, Bathroom 12, Bathroom 1, Bathroom 3, Bedroom 15, Bathroom 11, Bedroom 4, Bathroom 19, Bathroom 5, Bathroom 20, Bedroom 10, Bathroom 26, Bathroom 6, Bathroom 22, Bathroom 24, Bedroom 3, Bedroom 19, Bathroom 31, Bedroom 8, Bathroom 7, Bathroom 9, Bedroom 17, Bathroom 10, Bathroom 28, Bedroom 11, Bedroom 7, Bathroom 8, Bedroom 18, Bathroom 16, Bathroom 18, Bathroom 32, Bedroom 16, Bathroom 4, Bedroom 13, Bedroom 12, Bedroom 2, Bathroom 15, Bathroom 2, Bathroom 27, Bedroom 5
    Parking
    29
    Parking features
    Assigned, Gated
    Standard status
    Active
    APN
    4256-013-043
    Size
    19,116 SF
    Lot size
    0.46 Acres

    Utilities

    Cooling system
    Wall/Window Unit(s)

    Building Details

    Year built
    1974
    Floors in Building
    2
    Number of units
    29

    We can help!

    Listing Contact
    Jonathan Taksa

    Listing agent Jonathan Taksa License #01366169

    Listing office Remax Commercial and Investment Realty 99 S Lake Ave., Torrance, CA

    Listing date May 27, 2026

    MLS# 26839343 Listing URL

    Copyright © 2026 The MLS/CLAW. 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 West Los Angeles Location: Convenient access to Century City, Westwood, Santa Monica, and UCLA.
    • Significant Rental Upside: Strong in‑place fundamentals with potential for increased rents.
    • Desirable Unit Mix: Features bachelor, studio, 1‑bed, and 2‑bed units.
    • Generational Ownership: Unique opportunity to acquire a property with a rare, long‑term family ownership history.
    • Soft‑Story Seismic Retrofit Completed: Provides a major benefit and cost savings.
    • Attractive Amenities: Includes gated on‑site parking, on‑site laundry facilities, air‑conditioning, and patios/balconies.

    Overview

    Located in the heart of West Los Angeles, 2617-2619 S Sepulveda Blvd. offers an opportunity to acquire a rental property in a desirable and resilient rental submarket. The property, built in 1974, consists of 29 units across two separate buildings on one APN, situated on a 19,850-square-foot lot. The unit mix includes 1 bachelor unit, 12 studio units with full kitchens, 13 one-bedroom/one-bath units, and 3 two-bedroom/two-bath units. The property offers investors the ability to control a sizable West LA asset with long-term income growth potential. The units feature layouts, a courtyard-style apartment setting, gated on-site parking, on-site laundry facilities, air-conditioning units, and patios or balconies. The residences are filled with natural light, and the soft-story seismic retrofit has been completed. The property is well positioned in West Los Angeles, with access to Century City, Westwood, Santa Monica, and UCLA. The properties also benefit from proximity to the Sawtelle Japantown corridor, Westfield Century City, and Downtown Santa Monica / Third Street Promenade. The property is zoned LAR3 and the lot size is 0.4558 acres. The building size is 19,116 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 Daycare 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
    -118.432397
    Latitude
    34.032282

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    FAQs

    What type of property is this?
    Apartment building - 29-unit multifamily property in prime West Los Angeles location.
    Where is this apartment building located?
    The property is located at 2617 S Sepulveda Blvd Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $5,900,000.
    What are key features of this property?
    This property features: Prime West Los Angeles Location: Convenient access to Century City, Westwood, Santa Monica, and UCLA.; Significant Rental Upside: Strong in‑place fundamentals with potential for increased rents.; Desirable Unit Mix: Features bachelor, studio, 1‑bed, and 2‑bed units.
    (310) 968-5303
    We can help!
    Listing Contact
    Jonathan Taksa
    Real Estate License ID: 01366169
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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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