7-Unit Apartment
1450 E 77th PL, Los Angeles, CA 90001
For Sale
New
$900,000
The property is scheduled to transfer vacant, with residential units suited to owner occupancy or rental use.
Property Size2,472 SF
Days on Market5
Property Features for 1450 E 77th PL
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Amenities
backyard space
Building Details
Building Size
Year Built
Listing Agency:
Century 21 A Better Service
Listed By:
Maribel Chavez · License CA #01729082
(562) 806-1000
Source:
Milsteinestates
Added: Nov 5
Changed: Nov 8
Last Checked: Nov 8 at 2:53PM
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 Century 21 A Better Service
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Investment Insights
Based on property information with market context.
Built in 1947, this apartment property comprises seven units: four with three-bedroom, one-bathroom layouts and three with two-bedroom, one-bathroom layouts. Four units have individual backyard areas. The property is expected to be delivered vacant at closing, allowing the next owner to occupy or lease the residences.
Key Highlights
- Seven apartments: four 3‑bedroom, 1‑bathroom units and three 2‑bedroom, 1‑bathroom units
- Four units include individual backyard areas
- Built in 1947
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,776
Cap Rate
4.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$795,520
$795.5K
Cap Rate 7%
$568,229
$568.2K
Cap Rate 9%
$441,956
$442.0K
Market Conditions
NOI Build-Up for 2,472 SF
Gross rent
$78.6K $31.80/SF
− Vacancy
−$6.3K −$2.54/SF
EGI
$72.3K $29.26/SF
− OpEx
−$32.5K −$13.17/SF
NOI
$39.8K $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%
$795,520
Cap Rate 7%
$568,229
Cap Rate 9%
$441,956
Alternative Uses
Best Use
Apartment 5plus
$568.2K
$497.2K – $662.9K
NOI $39,776 @ 7.0% cap · market cap 4.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.03M
$903.1K – $1.20M
NOI $72,246 @ 7.0% cap · market cap 8.03%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,544
Businesses Nearby
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Business Placement
Demographics for 90001, CA
55,859
Population
13,998
Households
4
Avg Household Size
30
Median Age
7%
College-Educated
49%
High-School Grad
3.3 sq mi
ZIP Area
16,927
Density / Sq Mi
$60,751
Median Household Income
$30,672
Median Earnings
$1,471
Median Rent
$513,300
Median Home Value
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Market
Average Price Trend$/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 - The property is scheduled to transfer vacant, with residential units suited to owner occupancy or rental use.
Where is this apartment building located?
The property is located at 1450 E 77th PL Los Angeles, CA.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Seven apartments: four 3‑bedroom, 1‑bathroom units and three 2‑bedroom, 1‑bathroom units; Four units include individual backyard areas; Built in 1947
