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Renovated Multifamily Asset in Mid-City
For Sale
$2,425,000

2223 Clyde Avenue, Los Angeles, CA 90016

Seven-unit multifamily property in Mid-City, Los Angeles, fully leased.

Property Size4,739 SF
Days on Market103

Property Features for 2223 Clyde Avenue

General Information

Standard status Active
Size 4,739 SF
Property subtype Mixed Use

Building Details

Building Size 4,739 SF
Year Built 1939
Listing Agency: Citivest Realty Services, Inc
Listed By: Martin Fish · License #01988997
Source: Forsterjonesintl
Added: May 20 Changed: Aug 27 Last Checked: Aug 29 at 4:16PM

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 Citivest Realty Services, Inc

Investment Insights

Based on property information with market context.

This seven-unit multifamily property in Mid-City, Los Angeles, presents an investment opportunity. The property has been renovated, including the addition of two new ADU units. The property will be delivered 100% leased at market rents. The location is between Picfair Village and the Culver Arts District, near Culver City Art’s District, Ivy Station, and the Culver Steps, home to Amazon Studios, Sony Pictures, HBO, and Beats Electronics. The unit mix includes a renovated single-family style residence, four upgraded 1-bedroom/1-bath units, and a new duplex ADU. All units feature modern finishes, updated systems, and efficient layouts. The property includes drought-tolerant landscaping, parking, and energy-efficient building materials, appliances, and fixtures. The location has a bike score of 75, indicating it is very bikeable, a walk score of 81, indicating it is very walkable, and a transit score of 60, indicating good transit.

Key Highlights

  • Stabilized 7‑unit multifamily asset with immediate cash flow at a 6% cap rate.
  • Located in the heart of Mid‑City, near Culver City Arts District, Ivy Station, and Culver Steps.
  • Fully renovated property including two new construction ADU units, delivered 100% leased at market rents.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Dental Office Law Firm Accounting Firm Real Estate Agency Nursing Home (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,127
Businesses Nearby

Demographics for 90016, CA

46,512
Population
19,529
Households
2.4
Avg Household Size
37
Median Age
32%
College-Educated
79%
High-School Grad
3.6 sq mi
ZIP Area
12,920
Density / Sq Mi
$71,067
Median Household Income
$42,292
Median Earnings
$1,729
Median Rent
$919,800
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Seven-unit multifamily property in Mid-City, Los Angeles, fully leased.
Where is this apartment building located?
The property is located at 2223 Clyde Avenue Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,425,000.
What are key features of this property?
This property features: Stabilized 7‑unit multifamily asset with immediate cash flow at a 6% cap rate.; Located in the heart of Mid‑City, near Culver City Arts District, Ivy Station, and Culver Steps.; Fully renovated property including two new construction ADU units, delivered 100% leased at market rents.
More about this property
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