8-Unit Apartment Building with
For Sale
$1,600,000
1429 Bates Ave, Los Angeles, CA 90027
Multifamily property with a mixed one- and two-bedroom layout, separate utility metering, and recent capital improvements.
Property Size6,524 SF
Lot Size0.16 Acres
Price / SF$245.25
Days on Market14
Property Features for 1429 Bates Ave
General Information
Standard status
Active
Size
6,524 SF
Total Parking Spaces
8
Lot size
0.16 Acres
Property subtype
Residential Income
Zoning
LARD1.5
Site & Location
Road Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
3 x 1BR/1BA, 5 x 2BR/1BA
Multifamily Units
8
Amenities
on-site laundry
Building Details
Year Built
1964
Listing Agency:
Equity Union
(818) 380-5294
Listed By:
Nicole Apostolos · License #01464936
(818) 380-5294
Source:
Exprealty
Added: Aug 11
Changed: Aug 20
Last Checked: Aug 23 at 5:50AM
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 Equity Union
Investment Insights
Based on property information with market context.
1429 Bates Ave is an 8-unit apartment property built in 1964, comprising approximately 6,524 SF of living space on a 6,793 SF LARD1.5-zoned lot. The unit mix includes three one-bedroom, one-bath residences and five two-bedroom, one-bath residences. On-site amenities include eight parking spaces and a laundry room with a new washer and dryer. Gas and electricity are separately metered.
Capital work includes a seismic retrofit completed in 2018, copper re-piping in 2005, a community 100-gallon water heater installed in 2021, exterior painting completed in 2024, and a 2025 SB 721 balcony inspection. Approximately 75% of the ABS drain piping was replaced in 2025, with accessible clean-outs, and the laundry-room electrical sub-panel was also replaced that year. Unit outlets and switches have been updated as needed.
The property is in Franklin Hills, near Sunset Junction and Hollywood, with a Walk Score of 87. Vermont/Sunset Station on the Metro Red Line is an 11-minute walk away. The property is within proximity to Kaiser Permanente Los Angeles Medical Center, Children’s Hospital Los Angeles, and Los Angeles City College, and is subject to rent control.
Capital work includes a seismic retrofit completed in 2018, copper re-piping in 2005, a community 100-gallon water heater installed in 2021, exterior painting completed in 2024, and a 2025 SB 721 balcony inspection. Approximately 75% of the ABS drain piping was replaced in 2025, with accessible clean-outs, and the laundry-room electrical sub-panel was also replaced that year. Unit outlets and switches have been updated as needed.
The property is in Franklin Hills, near Sunset Junction and Hollywood, with a Walk Score of 87. Vermont/Sunset Station on the Metro Red Line is an 11-minute walk away. The property is within proximity to Kaiser Permanente Los Angeles Medical Center, Children’s Hospital Los Angeles, and Los Angeles City College, and is subject to rent control.
Key Highlights
- 8‑unit property with 3 one‑bedroom/one‑bath units and 5 two‑bedroom/one‑bath units
- Approximately 6,524 SF on a 6,793 SF LARD1.5‑zoned lot
- 8 on‑site parking spaces plus laundry room with new washer and dryer
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
4,001
Businesses Nearby
Explore this area
Business Placement
Demographics for 90027, CA
44,471
Population
24,267
Households
1.8
Avg Household Size
39
Median Age
58%
College-Educated
92%
High-School Grad
8.1 sq mi
ZIP Area
5,490
Density / Sq Mi
$90,532
Median Household Income
$53,526
Median Earnings
$1,904
Median Rent
$1,747,200
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 - Multifamily property with a mixed one- and two-bedroom layout, separate utility metering, and recent capital improvements.
Where is this apartment building located?
The property is located at 1429 Bates Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 8‑unit property with 3 one‑bedroom/one‑bath units and 5 two‑bedroom/one‑bath units; Approximately 6,524 SF on a 6,793 SF LARD1.5‑zoned lot; 8 on‑site parking spaces plus laundry room with new washer and dryer
