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    936 Centennial St Los Angeles, CA 90012

    View on Map
    Sponsored
    For Sale
    $2,295,000

    MULTI_FAMILY - Los Angeles, CA

    Property size:
    7,863 SF
    Lot size:
    0.16 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 12 at 3:06 am

    Property Features for 936 Centennial St

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Security features
    Security Lighting
    Zoning
    LAR4
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 4, Bathroom 4, Bedroom 16, Bathroom 9, Bedroom 15, Bedroom 10, Bedroom 13, Bedroom 9, Bedroom 14, Bedroom 6, Bathroom 8, Bedroom 2, Bedroom 1, Bedroom 8, Bedroom 12, Dining Room, Bedroom 11, Bathroom 6, Bathroom 3, Bedroom 5, Bedroom 7, Bathroom 5, Bedroom 3, Bathroom 7
    Bedrooms
    16
    Bathrooms
    8
    APN
    5406-025-004
    Parking
    10
    Parking features
    Driveway, Covered, Garage, Carport, Assigned
    Appliances
    Gas/Electric Range
    Size
    7,863 SF
    Lot size
    0.16 Acres

    Utilities

    Cooling system
    Wall Unit(s)

    Building Details

    Year built
    1986
    Floors in Building
    3
    Number of units
    8

    We can help!

    Listing Contact
    Grant Linscott

    Keller Williams Los Feliz (323) 300-1000

    Listing agent Grant Linscott (323) 300-1000 License #01715002

    Listing date Mar 11, 2026

    MLS# 26660519 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.

    Learn more

    Property Insight Report

    Overview

    Echo Park Multifamily Investment Opportunity

    This is a rare opportunity to acquire an 8-unit building in Echo Park, Los Angeles. Constructed in 1986, the property is not subject to rent control. The unit mix includes a front 4-bedroom + office, 3.5-bath townhome "owner's unit," four 2-bedroom units, and three 1-bedroom units. Five units will be delivered vacant. Many units offer views of downtown. The front townhome residence is completely separate with its own front door, two private patios, a large open floor plan, private garage, and abundant storage. The first-floor 1-bedroom unit includes a large private yard and will be delivered vacant. The property features separate gas and electric meters, and tenants are responsible for trash. A coin-operated laundry provides additional income, with the potential to add laundry hookups to individual units. The property is situated in a coveted rental market near downtown, freeways, and the eastside, offering a vibrant community-driven lifestyle off Sunset Blvd. The 0.155-acre lot is zoned LAR4. This property presents an opportunity to renovate units or rent them immediately at market rates in one of Northeast LA's most sought-after neighborhoods. The building size is 7,863 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

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

    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
    -118.244861
    Latitude
    34.067828

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    FAQs

    What type of property is this?
    Apartment building - Rare 8-unit building in prime Echo Park location.
    Where is this apartment building located?
    The property is located at 936 Centennial St Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $2,295,000.
    What are key features of this property?
    This property features: - Rare, non-rent control 8-unit building in Echo Park with 5 vacant units, offering immediate rental income potential or renovation opportunities.; - Includes a large, vacant 4-bedroom + office, 3.5-bath townhome 'owner's unit' with private entrance, garage, and patios.; - Most units feature incredible downtown views, enhancing desirability and rental value.
    (323) 300-1000
    Request Owner's contact information
    936 Centennial St Los Angeles, CA 90012
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    Los Angeles, CA 90012
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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
    936 Centennial St Los Angeles, CA 90012
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    We can help!
    Listing Contact
    Grant Linscott
    Real Estate License ID: 01715002
    (323) 300-1000 (323) 300-1174 (323) 487-9222
    Learn more
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