Historic 9-Unit Multifamily
For Sale
$2,250,000
1131 Lodi Pl, Los Angeles, CA 90038
Built in 1927 and configured as three 1-bedroom and six 2-bedroom units, offering a strong repositioning opportunity.
Property Size9,075 SF
Days on Market91
Property Features for 1131 Lodi Pl
General Information
Standard status
Active
Size
9,075 SF
Property subtype
Multifamily
Additional Details
Cap Rate
5.84%
Multifamily Units
9
Amenities
Attractive Basis Below Replacement Cost
Desirable 9-Unit Mix in a High-Demand Rental Market
Vintage 1927 Character with Repositioning Appeal
Building Details
Building Size
9,075 SF
Year Built
1927
Units
9
Tenancy
Multi
Listing Agency:
Encino Office
(818) 212-2795
Listed By:
Sam Liberow · License #License(s): CA: 01933858, CA: 02031850
(818) 212-2795
Source:
Marcusmillichap
Added: Jun 1
Changed: Aug 8
Last Checked: Aug 28 at 7:03AM
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 Encino Office
Investment Insights
Based on property information with market context.
Built in 1927, this historic 9-unit multifamily property offers classic architectural character with a rental mix designed to fit today’s demand. The unit composition includes three 1-bedroom/1-bath homes and six larger 2-bedroom/1-bath units, providing a practical balance of entry-level and family-size layouts within one building. For investors and operators, the property also presents a clear repositioning opportunity to blend its original charm with modern upgrades.
Located in a prime, high-demand Hollywood setting, the property is positioned close to major employment hubs and well-known entertainment destinations. It also benefits from proximity to premier retail corridors and surrounding neighborhood amenities that support consistent tenant interest.
This asset is well suited for buyers looking for a vintage building with identifiable upside through thoughtful renovation and operations. The diversified unit mix can help broaden tenant appeal, while the building’s distinctive character differentiates it from more standardized apartment inventory. For long-term investors, the combination of a desirable local market and a remodel-ready platform makes this a compelling acquisition to evaluate.
Located in a prime, high-demand Hollywood setting, the property is positioned close to major employment hubs and well-known entertainment destinations. It also benefits from proximity to premier retail corridors and surrounding neighborhood amenities that support consistent tenant interest.
This asset is well suited for buyers looking for a vintage building with identifiable upside through thoughtful renovation and operations. The diversified unit mix can help broaden tenant appeal, while the building’s distinctive character differentiates it from more standardized apartment inventory. For long-term investors, the combination of a desirable local market and a remodel-ready platform makes this a compelling acquisition to evaluate.
Key Highlights
- Built in 1927, vintage 9‑unit multifamily property at 1131‑33 Lodi Pl
- Unit mix includes three 1‑bedroom/1‑bath units and six 2‑bedroom/1‑bath units
- Offered at $2,250,000 (approximately $250,000 per unit and $247.93 per square foot)
Property Analytics
Property Profile
Current Use
Lease Details
9
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,539
Businesses Nearby
Explore this area
Business Placement
Demographics for 90038, CA
27,414
Population
14,998
Households
1.8
Avg Household Size
36
Median Age
41%
College-Educated
76%
High-School Grad
1.5 sq mi
ZIP Area
18,276
Density / Sq Mi
$61,566
Median Household Income
$36,844
Median Earnings
$1,764
Median Rent
$1,089,200
Median Home Value
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 - Built in 1927 and configured as three 1-bedroom and six 2-bedroom units, offering a strong repositioning opportunity.
Where is this apartment building located?
The property is located at 1131 Lodi Pl Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Built in 1927, vintage 9‑unit multifamily property at 1131‑33 Lodi Pl; Unit mix includes three 1‑bedroom/1‑bath units and six 2‑bedroom/1‑bath units; Offered at $2,250,000 (approximately $250,000 per unit and $247.93 per square foot)
