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    West Los Angeles Multifamily Investment Title is generated by Realmo AI

    1519 Armacost Ave, Los Angeles, CA 90025

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    For Sale
    $2,800,000

    MULTI_FAMILY - Los Angeles, CA

    Property size:
    5,503 SF
    Lot size:
    0.16 Acres
    Price / SF:
    $508/SF
    Added:
    Feb 23, 2026
    Days on Market:
    81
    Last Refresh:
    May 15 at 11:06 pm

    Property Features for 1519 Armacost Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    LAR3
    Bedrooms
    7
    Bathrooms
    12
    Rooms
    Bedroom 7, Bedroom 1, Bathroom 12, Bathroom 4, Bedroom 5, Bathroom 2, Bedroom 4, Bedroom 2, Bathroom 7, Bathroom 9, Bedroom 6, Bathroom 10, Bathroom 1, Bathroom 6, Bathroom 3, Bathroom 11, Bathroom 5, Bedroom 3, Bathroom 8
    Parking
    11
    Parking features
    Assigned
    Standard status
    Active
    APN
    4263-034-010
    Size
    5,503 SF
    Lot size
    0.16 Acres

    Utilities

    Cooling system
    Wall/Window Unit(s)

    Building Details

    Year built
    1959
    Floors in Building
    2
    Number of units
    11

    We can help!

    Listing Contact
    Jonathan Taksa

    Listing agent Jonathan Taksa License #01366169

    Listing office Remax Commercial and Investment Realty 99 S Lake Ave., Torrance, CA

    Listing date Feb 23, 2026

    MLS# 26655427 Listing URL

    Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime Westside Los Angeles location in a desirable rental submarket.
    • Significant rental upside potential due to below‑market rents.
    • Professionally managed and low‑maintenance multifamily asset.
    • Well‑balanced unit mix appealing to a broad renter demographic with five bachelor units, five 1‑bed/1‑bath units, and one 2‑bed/2‑bath unit.
    • Separately metered for gas and electricity, enhancing operational efficiency.
    • On‑site parking and laundry room, valuable amenities in the Westside location.

    Overview

    Located in a desirable Westside location of Los Angeles, the property at 1519 Armacost Avenue is an 11-unit apartment building. Constructed in 1959, this multifamily asset features a unit mix of five bachelor units, five one-bedroom/one-bath units, and one two-bedroom/two-bath unit. The building is separately metered for gas and electricity. On-site parking and a dedicated on-site laundry room are available. The property is situated in close proximity to dining, retail, and nightlife. The lot size is 0.1608 acres and the property size is 5503 square feet. The zoning is LAR3. The site offers potential ADU expansion opportunities. The property presents rental upside through turnover and interior renovations.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.459994
    Latitude
    34.041172

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    FAQs

    What type of property is this?
    Apartment building - Eleven-unit apartment building in prime Westside location.
    Where is this apartment building located?
    The property is located at 1519 Armacost Ave Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $2,800,000.
    What are key features of this property?
    This property features: Prime Westside Los Angeles location in a desirable rental submarket.; Significant rental upside potential due to below‑market rents.; Professionally managed and low‑maintenance multifamily asset.
    (310) 968-5303
    We can help!
    Listing Contact
    Jonathan Taksa
    Real Estate License ID: 01366169
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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