10-Unit Garden-Style Apartment
1377 W 112th, Los Angeles, CA 90044
For Sale
New
$1,899,000
Nine apartments are occupied, while the renovated two-bedroom, two-bathroom home is vacant.
Property Size6,258 SF
Lot Size0.22 Acres
Price / SF$303.45
Days on Market6
Property Features for 1377 W 112th
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Occupancy
Financials
Cap Rate
Gross Rent Multiplier
Site & Location
Neighborhood
Highway Access
Public Transit
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Building Details
Building Size
Year Built
Buildings
Construction
Listing Agency:
Edgestone Real Estate, Inc.
Listed By:
Matias Stofenmacher · License CA #01705003
(818) 464-5707
Source:
Archetyperealty
Added: Nov 9
Changed: Nov 14
Last Checked: Nov 14 at 2:08PM
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 Edgestone Real Estate, Inc.
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Investment Insights
Based on property information with market context.
This 10-unit garden-style apartment property contains 6,258 SF on a 9,442-SF site. The unit mix comprises eight one-bedroom, one-bathroom apartments, one two-bedroom, one-bathroom apartment, and one two-bedroom, two-bathroom apartment. Built in 1960, the building has a new roof, and most apartments have been remodeled. Nine units are occupied; the vacant two-bedroom, two-bathroom unit is remodeled. There are 10 assigned parking spaces.
The property is in Westmont, within unincorporated Los Angeles County. It is outside the City of Los Angeles Rent Stabilization Ordinance and Systematic Code Enforcement Program and is not served by LADWP. The Metro C Line Vermont/Athens station is about half a mile away, with access to Imperial Highway and the 105 and 110 freeways described as minutes away.
The property is in Westmont, within unincorporated Los Angeles County. It is outside the City of Los Angeles Rent Stabilization Ordinance and Systematic Code Enforcement Program and is not served by LADWP. The Metro C Line Vermont/Athens station is about half a mile away, with access to Imperial Highway and the 105 and 110 freeways described as minutes away.
Key Highlights
- 10 apartments totaling 6,258 SF on a 9,442‑SF site
- Unit mix: eight 1 bed/1 bath, one 2 bed/1 bath, and one 2 bed/2 bath
- 10 assigned parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$100,696
Cap Rate
5.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,013,920
$2.0M
Cap Rate 7%
$1,438,514
$1.4M
Cap Rate 9%
$1,118,844
$1.1M
Market Conditions
NOI Build-Up for 6,258 SF
Gross rent
$199.0K $31.80/SF
− Vacancy
−$15.9K −$2.54/SF
EGI
$183.1K $29.26/SF
− OpEx
−$82.4K −$13.17/SF
NOI
$100.7K $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%
$2,013,920
Cap Rate 7%
$1,438,514
Cap Rate 9%
$1,118,844
Alternative Uses
Best Use
Apartment 5plus
$1.44M
$1.26M – $1.68M
NOI $100,696 @ 7.0% cap · market cap 5.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.55M
$2.23M – $2.97M
NOI $178,481 @ 7.0% cap · market cap 9.40%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
10
Residential units
90%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
668
Businesses Nearby
Explore this area
Business Placement
Demographics for 90044, CA
94,354
Population
28,770
Households
3.3
Avg Household Size
33
Median Age
11%
College-Educated
64%
High-School Grad
5.1 sq mi
ZIP Area
18,501
Density / Sq Mi
$51,433
Median Household Income
$32,426
Median Earnings
$1,427
Median Rent
$588,200
Median Home Value
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Market
Average Price Trend$/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 - Nine apartments are occupied, while the renovated two-bedroom, two-bathroom home is vacant.
Where is this apartment building located?
The property is located at 1377 W 112th Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,899,000.
What are key features of this property?
This property features: 10 apartments totaling 6,258 SF on a 9,442‑SF site; Unit mix: eight 1 bed/1 bath, one 2 bed/1 bath, and one 2 bed/2 bath; 10 assigned parking spaces
