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    Two-Building Apartment Portfolio Title is generated by Realmo AI

    1930 S La Salle Ave, Los Angeles, CA 90018

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    For Sale
    $2,100,000

    MULTI_FAMILY - Los Angeles, CA

    Property size:
    7,420 SF
    Lot size:
    0.23 Acres
    Price / SF:
    $283/SF
    Added:
    May 20, 2026
    Days on Market:
    18
    Last Refresh:
    Jun 6 at 8:06 am

    Property Features for 1930 S La Salle Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    LAR2
    Bedrooms
    11
    Bathrooms
    11
    Rooms
    Bedroom 11, Bedroom 8, Bedroom 4, Bedroom 9, Bathroom 6, Bathroom 8, Bathroom 9, Bathroom 11, Bathroom 10, Bathroom 5, Bathroom 1, Bathroom 7, Bedroom 2, Bedroom 5, Bedroom 10, Bathroom 3, Bedroom 6, Bedroom 1, Bedroom 7, Bathroom 2, Bathroom 4, Bedroom 3
    Parking
    10
    Parking features
    Garage, Covered
    Appliances
    Oven
    Standard status
    Active
    APN
    5074-027-002
    Size
    7,420 SF
    Lot size
    0.23 Acres

    Utilities

    Cooling system
    Ceiling Fan(s)
    Water source
    Public

    Building Details

    Year built
    1922
    Number of units
    11
    Flooring type
    Carpet, Laminate
    Architectural style
    Craftsman

    We can help!

    Listing Contact
    Jenny Yu

    Listing agent Jenny Yu License #01270838

    Listing office Keller Williams Realty Los Feliz 1660 Hillhurst Ave., Los Angeles, CA

    Listing date May 20, 2026

    MLS# 26836809 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

    • Two‑apartment‑building investment: 8 units at 1930 S. La Salle Ave (~4,444 SF) and 3 units at 1935 Cordova St (~2,976 SF)
    • 7 garage parking spaces plus 2 additional uncovered parking spaces for tenant convenience
    • Section 8 tenants in 2 units, contributing to rental income stability
    • No current vacancies reported, with stable occupancy and long‑term tenancy
    • Buildings feature newer roof; sold in as‑is condition
    • Craftsman style built in 1922; utilities include public water

    Overview

    This For Sale portfolio includes two well-maintained apartment buildings totaling 11 units. 1930 S La Salle Ave contains 8 units in approximately 4,444 square feet, and 1935 Cordova St contains 3 units in approximately 2,976 square feet. The property also includes 7 garage parking spaces plus 2 additional uncovered parking spaces. While the buildings reflect their vintage character, the offering notes a newer roof and a history of careful maintenance.

    Set in Los Angeles and listed under LAR2 zoning, the property is described as being in a quiet residential neighborhood with convenient access to the 10 and 110 Freeways. The remarks also indicate close proximity to Downtown Los Angeles, Koreatown, USC, shopping, dining, and major employment centers.

    The buildings are presented as fully occupied with no current vacancies, with two of the units noted as Section 8 tenants. The property is being sold in its current “as-is” condition, and the listing requests drive-by only with no tenant disturbance. For buyers seeking a small, two-address multifamily portfolio with on-site parking and existing rental occupancy, this setup offers a straightforward management profile based on the information provided.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

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

    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
    -118.301509
    Latitude
    34.039313

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    FAQs

    What type of property is this?
    Apartment building - Fully leased two-building multifamily property with on-site parking and Section 8 tenants.
    Where is this apartment building located?
    The property is located at 1930 S La Salle Ave Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $2,100,000.
    What are key features of this property?
    This property features: Two‑apartment‑building investment: 8 units at 1930 S. La Salle Ave (~4,444 SF) and 3 units at 1935 Cordova St (~2,976 SF); 7 garage parking spaces plus 2 additional uncovered parking spaces for tenant convenience; Section 8 tenants in 2 units, contributing to rental income stability
    (213) 399-3303
    We can help!
    Listing Contact
    Jenny Yu
    Real Estate License ID: 01270838
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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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