Updated Multifamily Investment
For Sale
$7,500,000
1864 Cordova Street, Los Angeles, CA 90007
47-unit apartment building in Los Angeles with recent renovations.
Property Size11,024 SF
Price / SF$680.33
Days on Market330
Property Features for 1864 Cordova Street
General Information
Standard status
Active
Size
11,024 SF
Total Parking Spaces
16
Property subtype
Residential Income / Res Income 2-4 Units
Zoning
R3-1
Net Operating Income
$560,670
Building Details
Year Built
1956
Buildings
1
Units
47
Listing Agency:
Altman Apartments LLC
(310) 903-0222
Listed By:
Logan Altman · License #01965826
(310) 903-0222
Source:
Compass
Added: Sep 30, 2025
Changed: Aug 24
Last Checked: Aug 23 at 4:55AM
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 Altman Apartments LLC
Investment Insights
Based on property information with market context.
Located on Cordova Street in Los Angeles, this multifamily property presents a mid-city investment opportunity. The property features 47 updated units and a 2025 Certificate of Occupancy. Renovations completed in 2023, totaling over $2.3 million, have effectively created a new building. Upgrades include new plumbing, electrical systems, roof, drywall, paint, flooring, and cabinetry. The property has a current occupancy of 95%. The current net operating income is $560,670, with a capitalization rate of 7.48%. Investment projections indicate a capitalization rate of 7.86% and a cash on cash return of 9.42%. The property size is 11,024 square feet. The surrounding neighborhood is described as bustling, with estimated median household incomes exceeding $53,000 within a 1-mile radius by 2026.
Key Highlights
- Substantial 2023 renovations totaling over $2.3 million, essentially creating a brand‑new building.
- Strong financial performance with a current NOI of $560,670 and a CAP rate of 7.48%.
- High 95% occupancy rate indicating stable rental income.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,404
Businesses Nearby
Explore this area
Business Placement
Demographics for 90007, CA
40,944
Population
14,153
Households
2.9
Avg Household Size
28
Median Age
29%
College-Educated
63%
High-School Grad
2.4 sq mi
ZIP Area
17,060
Density / Sq Mi
$36,032
Median Household Income
$21,176
Median Earnings
$1,480
Median Rent
$852,900
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 - 47-unit apartment building in Los Angeles with recent renovations.
Where is this apartment building located?
The property is located at 1864 Cordova Street Los Angeles, CA.
What is the asking price?
The asking price for this property is $7,500,000.
What are key features of this property?
This property features: Substantial 2023 renovations totaling over $2.3 million, essentially creating a brand‑new building.; Strong financial performance with a current NOI of $560,670 and a CAP rate of 7.48%.; High 95% occupancy rate indicating stable rental income.
