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20-Unit Apartment Building
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1331 Albany St, Los Angeles, CA 90015

Market-rate multifamily property positioned between Koreatown and Downtown Los Angeles.

Property SizeContact for details
Days on Market142

Property Features for 1331 Albany St

General Information

Standard status Active
Property subtype Multifamily
Listing Agency: JLL - Atlanta, Georgia
Listed By: Peter Yorck · License #01999279
Source: Crexi
Added: Apr 11 Changed: Aug 29 Last Checked: Aug 29 at 7:22PM

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 JLL - Atlanta, Georgia

Investment Insights

Based on property information with market context.

This 20-unit apartment property is composed entirely of market-rate housing and is presented as a value-add multifamily asset. Its configuration provides an established residential platform within Central Los Angeles.

The property sits between Koreatown and Downtown Los Angeles, with L.A. Live approximately 0.5 miles away. The 5.6 million-square-foot sports and entertainment complex includes Crypto.com Arena, Microsoft Theater, restaurants, and bars. The central Los Angeles setting also places residents near major employment centers, lifestyle amenities, and access across Los Angeles County within approximately a 30-minute drive.

Key Highlights

  • 20‑unit apartment property
  • 100% market‑rate units
  • Positioned between Koreatown and Downtown Los Angeles

Property Analytics

Current Use

Wanderlust Creamery Grocery & Convenience Store

Suggested Use

Top Pick Carpet & Flooring Store Pet Grooming Service Tanning Salon Veterinary Clinic Buffet Adult Day Care

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

5,062
Businesses Nearby

Demographics for 90015, CA

27,324
Population
14,635
Households
1.9
Avg Household Size
34
Median Age
48%
College-Educated
79%
High-School Grad
1.7 sq mi
ZIP Area
16,073
Density / Sq Mi
$63,211
Median Household Income
$47,819
Median Earnings
$2,385
Median Rent
$1,000,800
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Market-rate multifamily property positioned between Koreatown and Downtown Los Angeles.
Where is this apartment building located?
The property is located at 1331 Albany St Los Angeles, CA.
What are key features of this property?
This property features: 20‑unit apartment property; 100% market‑rate units; Positioned between Koreatown and Downtown Los Angeles
More about this property
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