28-Unit Multifamily
For Sale
$7,388,888
2505 Hancock, Los Angeles, CA 90031
28-unit multifamily property built in 1985 with a roof overlay and unit electrical sub-panel replacements.
Property Size17,925 SF
Days on Market56
Property Features for 2505 Hancock
General Information
Standard status
Active
Size
17,925 SF
Property subtype
MULTI_FAMILY
Additional Details
Cap Rate
6.3%
Multifamily Units
28
Building Details
Building Size
17,925 SF
Year Built
1985
Tenancy
Multi
Listing Agency:
Kidder Mathews of California
Listed By:
Everett Wong · License #01991247
(562) 286-4343
Source:
Milsteinestates
Added: Jul 15
Changed: Sep 4
Last Checked: Sep 7 at 6:57AM
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 Kidder Mathews of California
Investment Insights
Based on property information with market context.
This 28-unit multifamily property was built in 1985 and is offered for sale. Ownership has completed notable capital improvements, including a new roof overlay and replacement of electrical sub-panels for all units, which may help reduce near-term future capital needs.
Approximately half of the units include two-story loft layouts with expansive private patios. The property is subject to California’s AB 1482 statewide rent control regulations rather than the City of Los Angeles Rent Stabilization Ordinance. BikeScore is 33 (Somewhat Bikeable), walkScore is 60 (Somewhat Walkable), and transitScore is 55 (Good Transit).
Positioned in the Lincoln Heights area, the property is described as being near major employment centers, including LAC+USC Medical Center, Keck Medicine of USC, and California State University, Los Angeles.
Approximately half of the units include two-story loft layouts with expansive private patios. The property is subject to California’s AB 1482 statewide rent control regulations rather than the City of Los Angeles Rent Stabilization Ordinance. BikeScore is 33 (Somewhat Bikeable), walkScore is 60 (Somewhat Walkable), and transitScore is 55 (Good Transit).
Positioned in the Lincoln Heights area, the property is described as being near major employment centers, including LAC+USC Medical Center, Keck Medicine of USC, and California State University, Los Angeles.
Key Highlights
- 28‑unit multifamily property built in 1985 in the Lincoln Heights area of Northeast Los Angeles
- Recent capital improvements include a new roof overlay and replacement of electrical sub‑panels for all units
- Approximately half the units feature two‑story loft layouts with expansive private patios
Property Analytics
Property Profile
Current Use
Lease Details
28
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,342
Businesses Nearby
Explore this area
Business Placement
Demographics for 90031, CA
37,333
Population
12,686
Households
2.9
Avg Household Size
37
Median Age
24%
College-Educated
66%
High-School Grad
3.5 sq mi
ZIP Area
10,667
Density / Sq Mi
$62,119
Median Household Income
$34,356
Median Earnings
$1,487
Median Rent
$758,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - 28-unit multifamily property built in 1985 with a roof overlay and unit electrical sub-panel replacements.
Where is this apartment building located?
The property is located at 2505 Hancock Los Angeles, CA.
What is the asking price?
The asking price for this property is $7,388,888.
What are key features of this property?
This property features: 28‑unit multifamily property built in 1985 in the Lincoln Heights area of Northeast Los Angeles; Recent capital improvements include a new roof overlay and replacement of electrical sub‑panels for all units; Approximately half the units feature two‑story loft layouts with expansive private patios
