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    1931 W 35Th St Los Angeles, CA 90018

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    For Sale
    $1,299,999

    Well-maintained fourplex in a strong rental market with upside potential.

    Lot size:
    0.16 Acres

    Property Features for 1931 W 35Th St

    General Information

    Standard status
    Active
    Zoning
    Assessor
    Lot size
    0.16 Acres

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    Listing Contact
    Danny Navarro
    Source: Crexi

    Listing Agency: Century 21 Allstars Listing Agent: Danny Navarro

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Los Angeles Fourplex with ADU Potential

    This well-maintained four-unit apartment building is located in a strong Los Angeles rental market. Constructed in 1945, the property includes approximately 3,340 square feet of livable space on a lot size of just under 7,000 square feet. The property features four 2-bedroom, 1-bath units, each around 835 square feet. Two units will be delivered vacant at closing. There is significant upside with the possibility of adding an Accessory Dwelling Unit (ADU) in the back yard with alley access. The property is centrally located near the Expo Line and minutes from major freeways and Downtown LA. New laminate flooring has been installed in the bedrooms and common areas of all units. The exterior was painted throughout in 2024, and new paint was applied to all iron gates and fences in 2024. Concrete parking stoppers were installed in 2020. A new roof, gutters, and downspouts were installed in 2020. The electrical systems in all units were completely gutted and upgraded to the current code with permits, and a new electrical panel was upgraded in 2017. Two new water heaters were installed in 2020, and two new water heaters were installed in 2025, along with new expansion tanks and a water pressure regulator installed in 2017. A new sprinkler system was installed in 2021. Unit 1931 was gutted to the studs and renovated in 2017. New kitchens were installed in units 1933 1/2 (2020), 1931 (2020), and 1933 (2024). Bars protecting gas meters were installed in 2020, and security bars were added to Unit 1931 with permits in 2021. All units are tenant occupied.
    Location Intelligence

    Current Use by Public Records

    Appinventors Inc (Bike/Boat/Book/etc) Store

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness 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
    -118.314389
    Latitude
    34.024624

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    FAQs

    What type of property is this?
    Quadplex - Well-maintained fourplex in a strong rental market with upside potential.
    Where is this quadplex located?
    The property is located at 1931 W 35Th St Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $1,299,999.
    What are key features of this property?
    This property features: - Two units delivered vacant, offering immediate income or owner-occupancy.; - Significant upside with ADU potential in the backyard with alley access.; - Recent major renovations: new roof (2020), electrical upgrade (2017), and new water heaters (2020, 2025).
    (562) 513-7800
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    1931 W 35Th St Los Angeles, CA 90018
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    Los Angeles, CA 90018
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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.

    More about this property
    1931 W 35Th St Los Angeles, CA 90018
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    Listing Contact
    Danny Navarro
    Real Estate License ID: 01938421
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