Bungalow-Style 7-Unit Apartment
2401 W 10th ST, Los Angeles, CA 90006
For Sale
New
$1,145,000
Seven separate residences occupy an LAR4-zoned parcel, with individual water heaters and separate gas and electric meters.
Property Size3,450 SF
Lot Size0.16 Acres
Price / SF$331.88
Days on Market5
Property Features for 2401 W 10th ST
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Neighborhood
Public Transit
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Building Details
Building Size
Year Built
Buildings
Construction
Listing Agency:
Equity Union
Listed By:
Raymond Rodriguez · License CA #01402283
(866) 582-7865
Source:
Carolinakramer
Added: Nov 10
Changed: Nov 12
Last Checked: Nov 12 at 2:38PM
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 Equity Union
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Investment Insights
Based on property information with market context.
This multifamily property consists of seven bungalow-style structures totaling approximately 3,450 square feet on a 6,789-square-foot lot. The unit mix comprises five one-bedroom, one-bath residences and two two-bedroom, one-bath residences. Built in 1923, the property has a new Siemens main electrical panel and subpanels, individual water heaters, and separate gas and electric meters. Some interiors have been updated. The site is zoned LAR4; any redevelopment would depend on applicable regulations and approvals.
The property is near Olympic Boulevard and Hoover Street, with connections to Downtown Los Angeles, Koreatown, and Pico-Union. MacArthur Park, Metro rail service, neighborhood shops and restaurants, and major transportation corridors are also nearby.
The property is near Olympic Boulevard and Hoover Street, with connections to Downtown Los Angeles, Koreatown, and Pico-Union. MacArthur Park, Metro rail service, neighborhood shops and restaurants, and major transportation corridors are also nearby.
Key Highlights
- Seven bungalow‑style structures with approximately 3,450 square feet total
- Unit mix: five 1‑bedroom/1‑bath units and two 2‑bedroom/1‑bath units
- 6,789‑square‑foot lot with LAR4 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,513
Cap Rate
4.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,110,260
$1.1M
Cap Rate 7%
$793,043
$793.0K
Cap Rate 9%
$616,811
$616.8K
Market Conditions
NOI Build-Up for 3,450 SF
Gross rent
$109.7K $31.80/SF
− Vacancy
−$8.8K −$2.54/SF
EGI
$100.9K $29.26/SF
− OpEx
−$45.4K −$13.17/SF
NOI
$55.5K $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%
$1,110,260
Cap Rate 7%
$793,043
Cap Rate 9%
$616,811
Alternative Uses
Best Use
Apartment 5plus
$793.0K
$693.9K – $925.2K
NOI $55,513 @ 7.0% cap · market cap 4.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.44M
$1.26M – $1.68M
NOI $100,829 @ 7.0% cap · market cap 8.81%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
7
Residential units
Location Intelligence
Trade Area within ½ mile
6,186
Businesses Nearby
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Business Placement
Demographics for 90006, CA
58,229
Population
21,475
Households
2.7
Avg Household Size
36
Median Age
22%
College-Educated
63%
High-School Grad
1.9 sq mi
ZIP Area
30,647
Density / Sq Mi
$49,847
Median Household Income
$31,645
Median Earnings
$1,396
Median Rent
$841,900
Median Home Value
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Market
Average Price Trend$/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 - Seven separate residences occupy an LAR4-zoned parcel, with individual water heaters and separate gas and electric meters.
Where is this apartment building located?
The property is located at 2401 W 10th ST Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,145,000.
What are key features of this property?
This property features: Seven bungalow‑style structures with approximately 3,450 square feet total; Unit mix: five 1‑bedroom/1‑bath units and two 2‑bedroom/1‑bath units; 6,789‑square‑foot lot with LAR4 zoning
