11-Unit Apartment
For Sale
$1,775,000
637 S Mcdonnell Ave, Los Angeles, CA 90022
Residential Income, Los Angeles, CA
Property Size4,072 SF
Lot Size0.16 Acres
Price / SF$435.90
Days on Market34
Property Features for 637 S Mcdonnell Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
LCR2YY
Bedrooms
8
Bathrooms
11
Full bathrooms
3
Rooms
Bathroom 3, Bathroom 4, Bathroom 1, Bedroom 6, Bedroom 4, Bathroom 9, Bedroom 3, Bathroom 11, Bedroom 1, Bedroom 8, Bathroom 2, Bathroom 6, Bedroom 5, Bathroom 7, Bathroom 8, Bedroom 7, Bedroom 2, Bathroom 10, Bathroom 5
Parking features
Assigned
Directions
Located between Hubbard St and 6th St
Subdivision
East LA
Standard status
Active
APN
5247-015-027
Size
4,072 SF
Lot size
0.16 Acres
Utilities
Cooling system
Window Unit(s)
Building Details
Year built
1927
Floors in Building
2
Number of units
11
Listing Agency:
Remax Commercial and Investment Realty · RE/MAX International
(213) 817-1000
Listed By:
Enrique Viramontes · License #01372010
(213) 233-4363
Added: Aug 13
Changed: Sep 12
Last Checked: Sep 15 at 6:06AM
MLS# 26872303
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.
Investment Insights
Based on property information with market context.
This apartment property contains 11 units within 4,072 square feet on a 0.1594-acre lot. The configuration includes one two-bedroom, one-bath unit, six one-bedroom, one-bath units, and four studios. Mostly single-story construction supports a straightforward physical layout, while window unit cooling and assigned parking are provided. Built in 1927, the property is zoned LCR2YY and offers an existing income-producing configuration. Plans for two ADUs were previously approved, subject to applicable zoning and permitting requirements.
The property is located at 637 S Mcdonnell Ave in Los Angeles, near the Metro Gold Line Station and East Los Angeles Civic Center. Whittier Boulevard provides nearby shopping, dining, and daily services. Regional access includes the 710, 10, and 5 Freeways, connecting the property with Downtown Los Angeles and other destinations throughout the area.
The property is located at 637 S Mcdonnell Ave in Los Angeles, near the Metro Gold Line Station and East Los Angeles Civic Center. Whittier Boulevard provides nearby shopping, dining, and daily services. Regional access includes the 710, 10, and 5 Freeways, connecting the property with Downtown Los Angeles and other destinations throughout the area.
Key Highlights
- 11‑unit configuration with one 2 bd + 1 ba, six 1 bd + 1 ba, and four studios
- 4,072 square feet on a 0.1594‑acre lot
- Plans for two ADUs were previously approved
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$85,132
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.80%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,702,640
$1.7M
Cap Rate 7%
$1,216,171
$1.2M
Cap Rate 9%
$945,911
$945.9K
Market Conditions
NOI Build-Up for 4,072 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$155.9K $38.28/SF
− Vacancy
−$1.1K −$0.27/SF
EGI
$154.8K $38.01/SF
− OpEx
−$69.7K −$17.11/SF
NOI
$85.1K $20.91/SF
Area
ZIP 90022
Vacancy
0.70%
Lease Rate
$38.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,702,640
Cap Rate 7%
$1,216,171
Cap Rate 9%
$945,911
Alternative Uses
Best Use
Apartment 5plus
$1.22M
$1.06M – $1.42M
NOI $85,132 @ 7.0% cap · market cap 4.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.66M
$1.45M – $1.94M
NOI $116,135 @ 7.0% cap · market cap 6.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
11
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,538
Businesses Nearby
Explore this area
Business Placement
Demographics for 90022, CA
64,517
Population
17,845
Households
3.6
Avg Household Size
34
Median Age
10%
College-Educated
56%
High-School Grad
4.4 sq mi
ZIP Area
14,663
Density / Sq Mi
$67,829
Median Household Income
$32,304
Median Earnings
$1,407
Median Rent
$603,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Mostly single-story layout with assigned parking and a mix of studios and one- and two-bedroom units.
Where is this apartment building located?
The property is located at 637 S Mcdonnell Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,775,000.
What are key features of this property?
This property features: 11‑unit configuration with one 2 bd + 1 ba, six 1 bd + 1 ba, and four studios; 4,072 square feet on a 0.1594‑acre lot; Plans for two ADUs were previously approved
