Five-Unit Apartment
11145 Raymond, Los Angeles, CA 90044
For Sale
$750,000
Pending
Residential income property with four occupied apartments and a detached house requiring renovation before tenancy.
Property Size3,563 SF
Days on Market49
Property Features for 11145 Raymond
General Information
Standard status
Size
Property subtype
Property Condition
Severity
Evidence
Site & Location
Neighborhood
Public Transit
Units
Unit Mix
Multifamily Units
Additional Details
Asking Price
Building Details
Building Size
Year Built
Units
Listing Agency:
Compass
Listed By:
Jesse Dougherty · License CA #01949609
(310) 995-4475
Source:
Elliman
Added: Sep 22
Changed: Nov 3
Last Checked: Nov 8 at 6:15AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass
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Investment Insights
Based on property information with market context.
This five-unit apartment property includes three two-bedroom, one-bathroom apartments, one one-bedroom, one-bathroom apartment, and a detached two-bedroom, one-bathroom front house. Four apartments are occupied, while the front house is vacant with its interior gutted for renovation. The existing apartments provide an operating income base, and the completed front house can support a new tenancy. The property was built in 1962 and is located at 11145 Raymond in Los Angeles, California.
The site offers access to employment centers, transportation corridors, and destinations throughout South Los Angeles. Walk Score is 64, Transit Score is 65, and Bike Score is 65. The prior eviction and remediation of the front house have been completed, leaving renovation and lease-up work for the next owner.
The site offers access to employment centers, transportation corridors, and destinations throughout South Los Angeles. Walk Score is 64, Transit Score is 65, and Bike Score is 65. The prior eviction and remediation of the front house have been completed, leaving renovation and lease-up work for the next owner.
Key Highlights
- Five‑unit apartment property with four occupied units
- Unit mix includes three 2‑bedroom, 1‑bathroom apartments; one 1‑bedroom, 1‑bathroom apartment; and one 2‑bedroom, 1‑bathroom house
- Detached front house is vacant with a gutted interior for renovation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,332
Cap Rate
7.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,146,640
$1.1M
Cap Rate 7%
$819,029
$819.0K
Cap Rate 9%
$637,022
$637.0K
Market Conditions
NOI Build-Up for 3,563 SF
Gross rent
$113.3K $31.80/SF
− Vacancy
−$9.1K −$2.54/SF
EGI
$104.2K $29.26/SF
− OpEx
−$46.9K −$13.17/SF
NOI
$57.3K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,146,640
Cap Rate 7%
$819,029
Cap Rate 9%
$637,022
Alternative Uses
Best Use
Apartment 5plus
$819.0K
$716.7K – $955.5K
NOI $57,332 @ 7.0% cap · market cap 7.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.45M
$1.27M – $1.69M
NOI $101,618 @ 7.0% cap · market cap 13.55%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
547
Businesses Nearby
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Business Placement
Demographics for 90044, CA
94,354
Population
28,770
Households
3.3
Avg Household Size
33
Median Age
11%
College-Educated
64%
High-School Grad
5.1 sq mi
ZIP Area
18,501
Density / Sq Mi
$51,433
Median Household Income
$32,426
Median Earnings
$1,427
Median Rent
$588,200
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Los Angeles, CA
Properties on Market for Apartment buildings in Los Angeles
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Residential income property with four occupied apartments and a detached house requiring renovation before tenancy.
Where is this apartment building located?
The property is located at 11145 Raymond Los Angeles, CA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Five‑unit apartment property with four occupied units; Unit mix includes three 2‑bedroom, 1‑bathroom apartments; one 1‑bedroom, 1‑bathroom apartment; and one 2‑bedroom, 1‑bathroom house; Detached front house is vacant with a gutted interior for renovation
