5-Unit Apartment Building with Rooftop
1259 S Longwood Avenue, Los Angeles, CA 90019
For Sale
$4,195,000
Newly built residences feature private balconies, in-unit laundry, central HVAC, and separately metered utilities.
Property Size8,065 SF
Price / SF$520.15
Days on Market49
Property Features for 1259 S Longwood Avenue
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Road Access
Utilities to Site
Units
Unit Mix
Multifamily Units
Parking per Unit
Additional Details
Asking Price
Amenities
private rooftop decks
balconies
central HVAC
in-unit washers and dryers
kitchen islands
Building Details
Building Size
Year Built
Listing Agency:
Myunits.com Inc.
Listed By:
Cheyenne Womack · License #02064825
(805) 973-7470
Source:
Truthrealty
Added: Sep 22
Changed: Nov 5
Last Checked: Nov 8 at 4:16PM
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 Myunits.com Inc.
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Investment Insights
Based on property information with market context.
Completed in 2026, this five-residence apartment property contains approximately 8,065 square feet. The unit mix comprises three four-bedroom apartments and two three-bedroom apartments, ranging from approximately 1,186 to 1,966 square feet. Interiors include modern kitchens with islands, updated bathrooms, balconies, central HVAC, and in-unit washers and dryers. Two of the four-bedroom, four-bathroom residences have private rooftop decks. The property has 10 on-site parking spaces and separately metered utilities, and may be delivered with or without tenants.
The property is on S Longwood Avenue in Los Angeles, within the Miracle Mile and Mid-Wilshire area. Nearby destinations listed include LACMA, The Grove, the Academy Museum, Beverly Center, and Cedars-Sinai. The source also projects a 6.15% pro forma cap rate at stabilization.
The property is on S Longwood Avenue in Los Angeles, within the Miracle Mile and Mid-Wilshire area. Nearby destinations listed include LACMA, The Grove, the Academy Museum, Beverly Center, and Cedars-Sinai. The source also projects a 6.15% pro forma cap rate at stabilization.
Key Highlights
- Five apartments totaling approximately 8,065 square feet
- Unit mix: three 4‑bedroom residences and two 3‑bedroom residences
- Two 4‑bedroom/4‑bathroom residences include private rooftop decks
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$129,772
Cap Rate
3.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,595,440
$2.6M
Cap Rate 7%
$1,853,886
$1.9M
Cap Rate 9%
$1,441,911
$1.4M
Market Conditions
NOI Build-Up for 8,065 SF
Gross rent
$256.5K $31.80/SF
− Vacancy
−$20.5K −$2.54/SF
EGI
$235.9K $29.26/SF
− OpEx
−$106.2K −$13.17/SF
NOI
$129.8K $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%
$2,595,440
Cap Rate 7%
$1,853,886
Cap Rate 9%
$1,441,911
Alternative Uses
Best Use
Apartment 5plus
$1.85M
$1.62M – $2.16M
NOI $129,772 @ 7.0% cap · market cap 3.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.37M
$2.95M – $3.93M
NOI $235,707 @ 7.0% cap · market cap 5.62%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
5
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,719
Businesses Nearby
Explore this area
Business Placement
Demographics for 90019, CA
62,002
Population
26,203
Households
2.4
Avg Household Size
38
Median Age
39%
College-Educated
80%
High-School Grad
3.9 sq mi
ZIP Area
15,898
Density / Sq Mi
$71,395
Median Household Income
$40,316
Median Earnings
$1,782
Median Rent
$1,178,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - Newly built residences feature private balconies, in-unit laundry, central HVAC, and separately metered utilities.
Where is this apartment building located?
The property is located at 1259 S Longwood Avenue Los Angeles, CA.
What is the asking price?
The asking price for this property is $4,195,000.
What are key features of this property?
This property features: Five apartments totaling approximately 8,065 square feet; Unit mix: three 4‑bedroom residences and two 3‑bedroom residences; Two 4‑bedroom/4‑bathroom residences include private rooftop decks
