144 Avenue 26 W, Los Angeles, CA 90031

Building Details

Year Built 1962 More

Listed By: yurii.kononov_555_17 Show Phone

Added: Apr 27 Changed: Jun 23

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Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$90,060

Cap Rate

4.55%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,801,200 $1.8M

Cap Rate 7%

$1,286,571 $1.3M

Cap Rate 9%

$1,000,667 $1.0M

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,597 SF

Gross rent

$178.0K $31.80/SF

− Vacancy

−$14.2K −$2.54/SF

EGI

$163.7K $29.26/SF

− OpEx

−$73.7K −$13.17/SF

NOI

$90.1K $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%

$1,801,200

Cap Rate 7%

$1,286,571

Cap Rate 9%

$1,000,667

Alternative Uses

Best Use

Apartment 5plus

$1.29M

$1.13M – $1.50M (±1% cap)

NOI $90,060 @ 7.0% cap · market cap 4.55%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.34M

$2.04M – $2.73M (±1% cap)

NOI $163,577 @ 7.0% cap · market cap 8.26%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Location Intelligence

Trade Area within ½ mile

1,493

Businesses Nearby

Explore this area Business Placement

Demographics for 90031, CA

37,333

Population

12,686

Households

2.9

Avg Household Size

37

Median Age

24%

College-Educated

66%

High-School Grad

3.5 sq mi

ZIP Area

10,667

Density / Sq Mi

$62,119

Median Household Income

$34,356

Median Earnings

$1,487

Median Rent

$758,500

Median Home Value

Market

Average Price Trend$/SF for Apartment buildings in Los Angeles, CA

$379 Jul

$368 Aug

$367 Sep

$367 Oct

Properties on Market for Apartment buildings in Los Angeles

Jul

Aug

Sep

Oct

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 - Nine-unit apartment building in Lincoln Heights with upside potential.

Where is this apartment building located?

The property is located at 144 Avenue 26 W Los Angeles, CA.

What is the asking price?

The asking price for this property is $1,980,000.