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5-Unit Apartment Building

1145 E 33rd St, Los Angeles, CA 90011

For Sale
$899,000

Residential Income, Los Angeles, CA

Property Size2,172 SF
Lot Size0.11 Acres
Price / SF$413.90
Days on Market47

Property Features for 1145 E 33rd St

General Information

Property type Residential Multi Family
Property subtype Other
Zoning LARD2
Bedrooms 3
Bathrooms 5
Full bathrooms 5
Rooms Bedroom 1, Bathroom 5, Bedroom 3, Bathroom 4, Bedroom 2, Bathroom 1, Bathroom 3, Bathroom 2
Directions From Downtown Los Angeles, head south on S Central Avenue. Turn east onto E 33rd Street and continue to 1145 E 33rd Street.
Subdivision Downtown L.A.
Standard status Active
APN 5114-025-024
Size 2,172 SF
Lot size 0.11 Acres

Additional Details

Tenant in Place Yes

Building Details

Year built 1913
Floors in Building 1
Number of units 5
Listing Agency: Compass
Listed By: George Morales · License CA #01984555
Added: Sep 28 Changed: Oct 26 Last Checked: Nov 13 at 11:06PM
MLS# 26994291

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.

Rey
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Investment Insights

Based on property information with market context.

This 5-unit apartment property in Los Angeles contains four studio units and one 3-bedroom unit. The building dates to 1913 and has 2,172 square feet of building area on a 0.1102-acre parcel. Zoning is LARD2.

Two units were vacant during 2025. Actual rental income for the year was $66,492, with NOI of $56,228 and a 6.25% cap rate.

Key Highlights

  • Five‑unit apartment property with four studios and one 3‑bedroom unit
  • 2,172 square feet of building area on a 0.1102‑acre parcel
  • LARD2 zoning

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$34,949
Cap Rate
3.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$698,980 $699.0K
Cap Rate 7%
$499,271 $499.3K
Cap Rate 9%
$388,322 $388.3K
Market Conditions
NOI Build-Up for 2,172 SF
Gross rent
$69.1K $31.80/SF
− Vacancy
−$5.5K −$2.54/SF
EGI
$63.5K $29.26/SF
− OpEx
−$28.6K −$13.17/SF
NOI
$34.9K $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%
$698,980
Cap Rate 7%
$499,271
Cap Rate 9%
$388,322

Alternative Uses

Best Use
Apartment 5plus
$499.3K
$436.9K – $582.5K (±1% cap)
NOI $34,949 @ 7.0% cap · market cap 3.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$884.9K
$774.3K – $1.03M (±1% cap)
NOI $61,946 @ 7.0% cap · market cap 6.89%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Lease Details

5
Residential units

Location Intelligence

Trade Area within ½ mile

1,768
Businesses Nearby

Demographics for 90011, CA

102,308
Population
25,119
Households
4.1
Avg Household Size
30
Median Age
6%
College-Educated
43%
High-School Grad
4.3 sq mi
ZIP Area
23,793
Density / Sq Mi
$53,781
Median Household Income
$27,889
Median Earnings
$1,497
Median Rent
$575,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Average Price Trend$/SF for Apartment buildings in Los Angeles, CA

$379 Jul
$368 Aug
$367 Sep
$367 Oct

Properties on Market for Apartment buildings in Los Angeles

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Studio and three-bedroom layouts serve a range of residential needs in this Los Angeles apartment property.
Where is this apartment building located?
The property is located at 1145 E 33rd St Los Angeles, CA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Five‑unit apartment property with four studios and one 3‑bedroom unit; 2,172 square feet of building area on a 0.1102‑acre parcel; LARD2 zoning
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