Five-Unit Apartment
2324 S Dunsmuir Ave, Los Angeles, CA 90016
For Sale
$3,995,000
Residential Income, Los Angeles, CA
Property Size8,508 SF
Lot Size0.15 Acres
Price / SF$469.56
Days on Market129
Property Features for 2324 S Dunsmuir Ave
General Information
Property type
Property subtype
Property condition
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Parking features
Directions
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Utilities
Heating system
Cooling system
Amenities
in-unit laundry
smart home technology
private balconies
private outdoor areas
designer kitchens
quartz countertops
hardwood flooring
Building Details
Year built
Floors in Building
Number of units
Buildings
Listing Agency:
Keller Williams Hollywood Hills · Keller Williams Realty
(310) 623-1300
Listed By:
Yohann Bensimon · License CA #01966630
(310) 923-1550
Added: Jul 10
Changed: Nov 13
Last Checked: Nov 15 at 12:06AM
MLS# 26852849
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.
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Investment Insights
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Located at 2324 S Dunsmuir Ave in Los Angeles, this five-residence apartment property was completed in 2025 and contains 8,508 square feet on a 0.1488-acre lot. The unit mix includes one five-bedroom, 5.5-bath residence; two four-bedroom, four-bath residences; one four-bedroom, 3.5-bath residence; and one three-bedroom, three-bath residence.
Each home provides two parking spaces, a private outdoor area, in-unit laundry, smart-home technology, and contemporary interior finishes. Interior features include open layouts, high ceilings, designer kitchens with quartz countertops, hardwood flooring, abundant natural light, and private balconies. Central heating and central air conditioning serve the residences. The property is zoned LARD2, and all five units are currently leased. Tenants are responsible for water, trash, and electricity.
Each home provides two parking spaces, a private outdoor area, in-unit laundry, smart-home technology, and contemporary interior finishes. Interior features include open layouts, high ceilings, designer kitchens with quartz countertops, hardwood flooring, abundant natural light, and private balconies. Central heating and central air conditioning serve the residences. The property is zoned LARD2, and all five units are currently leased. Tenants are responsible for water, trash, and electricity.
Key Highlights
- Five residences completed in 2025
- 8,508 square feet on a 0.1488‑acre lot
- Unit mix ranges from three- to five‑bedroom residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$136,901
Cap Rate
3.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,738,020
$2.7M
Cap Rate 7%
$1,955,729
$2.0M
Cap Rate 9%
$1,521,122
$1.5M
Market Conditions
NOI Build-Up for 8,508 SF
Gross rent
$270.6K $31.80/SF
− Vacancy
−$21.6K −$2.54/SF
EGI
$248.9K $29.26/SF
− OpEx
−$112.0K −$13.17/SF
NOI
$136.9K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,738,020
Cap Rate 7%
$1,955,729
Cap Rate 9%
$1,521,122
Alternative Uses
Best Use
Apartment 5plus
$1.96M
$1.71M – $2.28M
NOI $136,901 @ 7.0% cap · market cap 3.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.55M
$3.11M – $4.14M
NOI $248,654 @ 7.0% cap · market cap 6.22%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
5
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,256
Businesses Nearby
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Business Placement
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
$919,800
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Los Angeles, CA
Properties on Market for Apartment buildings in Los Angeles
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - All residences are leased and include private outdoor areas, in-unit laundry, smart-home features, and two parking spaces each.
Where is this apartment building located?
The property is located at 2324 S Dunsmuir Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $3,995,000.
What are key features of this property?
This property features: Five residences completed in 2025; 8,508 square feet on a 0.1488‑acre lot; Unit mix ranges from three- to five‑bedroom residences
