Six-Unit Apartment
For Sale
$1,100,000
1322 5th, Los Angeles, CA 90019
Built in 1925, this centrally located multifamily property offers a varied studio, one-bedroom, and two-bedroom unit mix.
Property Size3,922 SF
Lot Size0.14 Acres
Price / SF$280.47
Days on Market175
Property Features for 1322 5th
General Information
Standard status
Active
Size
3,922 SF
Total Parking Spaces
3
Lot size
0.14 Acres
Property subtype
Commercial Sale / Multi Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
6
Amenities
fenced property with secure access
Building Details
Year Built
1925
Listing Agency:
Justin White
(714) 231-2537
Listed By:
Justin White · License #01267826
(714) 231-2537
Source:
Compass
Added: Mar 10
Changed: Aug 31
Last Checked: Aug 31 at 12:05AM
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 Justin White
Investment Insights
Based on property information with market context.
This six-unit apartment property, constructed in 1925, contains approximately 3,922 square feet of building area on a 5,939-square-foot lot. The configuration includes a combination of studio, one-bedroom, and two-bedroom residences, along with three tandem parking spots. The property is fenced and features secure access.
Located in Mid-City Los Angeles, the asset provides access to the Metro B and D lines, Interstates 10, 110, and 101, and nearby destinations including LACMA and Crypto.com Arena. Koreatown, Larchmont Village, Miracle Mile, and Downtown Los Angeles are also identified as nearby entertainment and dining areas.
The property is currently master-metered with an approximate 45% expense ratio, while 50% of tenants are responsible for their own utilities under existing leases. The source information identifies roughly 19% rental upside, a pro forma cap rate of approximately 9.46% with full utility pass-through, and a potential renovation strategy to reconfigure the six-unit layout into four larger units.
Located in Mid-City Los Angeles, the asset provides access to the Metro B and D lines, Interstates 10, 110, and 101, and nearby destinations including LACMA and Crypto.com Arena. Koreatown, Larchmont Village, Miracle Mile, and Downtown Los Angeles are also identified as nearby entertainment and dining areas.
The property is currently master-metered with an approximate 45% expense ratio, while 50% of tenants are responsible for their own utilities under existing leases. The source information identifies roughly 19% rental upside, a pro forma cap rate of approximately 9.46% with full utility pass-through, and a potential renovation strategy to reconfigure the six-unit layout into four larger units.
Key Highlights
- Six‑unit apartment property built in 1925
- Approximately 3,922 square feet on a 5,939‑square‑foot lot
- Unit mix includes one studio, 1‑bedroom, and 2‑bedroom units
Property Analytics
Current Use
Lease Details
6
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
14,017
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
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 1925, this centrally located multifamily property offers a varied studio, one-bedroom, and two-bedroom unit mix.
Where is this apartment building located?
The property is located at 1322 5th Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Six‑unit apartment property built in 1925; Approximately 3,922 square feet on a 5,939‑square‑foot lot; Unit mix includes one studio, 1‑bedroom, and 2‑bedroom units
