Spanish-Style Apartment
2507 W 4th, Los Angeles, CA 90057
For Sale
$899,000
A gated, fully occupied property includes a separate coin-operated laundry room and parking behind the building.
Property Size3,828 SF
Lot Size0.15 Acres
Price / SF$234.85
Days on Market45
Property Features for 2507 W 4th
General Information
Standard status
Size
Lot size
Property subtype
Occupancy
Site & Location
Neighborhood
Highway Access
Public Transit
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Amenities
coin-op laundry room
gated
Building Details
Year Built
Buildings
Construction
Listing Agency:
California R.E.Services
(818) 841-0008
Listed By:
Deborah Ivone · License CA #01015138
(818) 378-7759
Source:
Latopbroker
Added: Oct 1
Changed: Nov 13
Last Checked: Nov 13 at 1:39PM
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 California R.E.Services
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Investment Insights
Based on property information with market context.
This 3,828-square-foot apartment property was built in 1956 and has a Spanish-style design. The unit mix comprises two 2-bedroom, 1-bathroom apartments and four 1-bedroom, 1-bathroom apartments. A separate guest room is also present; its permit status is unknown. The building is gated and has parking behind it, along with a dedicated coin-operated laundry room. The lot measures 6,496 square feet.
The property is in Los Angeles’ Westlake/Downtown submarket, near Downtown Los Angeles, Echo Park, Koreatown, retail shops, public transportation, and freeways. Agency records differ on the unit count: LADBS lists six units, while LAHD records rents for seven. The property is fully occupied, with rents collected on seven units.
The property is in Los Angeles’ Westlake/Downtown submarket, near Downtown Los Angeles, Echo Park, Koreatown, retail shops, public transportation, and freeways. Agency records differ on the unit count: LADBS lists six units, while LAHD records rents for seven. The property is fully occupied, with rents collected on seven units.
Key Highlights
- 3,828‑square‑foot building on a 6,496‑square‑foot lot
- Six apartments: two 2‑bedroom/1‑bathroom units and four 1‑bedroom/1‑bathroom units
- Separate guest room; permit status unknown
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,596
Cap Rate
6.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,231,920
$1.2M
Cap Rate 7%
$879,943
$879.9K
Cap Rate 9%
$684,400
$684.4K
Market Conditions
NOI Build-Up for 3,828 SF
Gross rent
$121.7K $31.80/SF
− Vacancy
−$9.7K −$2.54/SF
EGI
$112.0K $29.26/SF
− OpEx
−$50.4K −$13.17/SF
NOI
$61.6K $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%
$1,231,920
Cap Rate 7%
$879,943
Cap Rate 9%
$684,400
Alternative Uses
Best Use
Apartment 5plus
$879.9K
$770.0K – $1.03M
NOI $61,596 @ 7.0% cap · market cap 6.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.60M
$1.40M – $1.86M
NOI $111,877 @ 7.0% cap · market cap 12.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
6
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,888
Businesses Nearby
Explore this area
Business Placement
Demographics for 90057, CA
45,510
Population
17,912
Households
2.5
Avg Household Size
35
Median Age
23%
College-Educated
58%
High-School Grad
0.9 sq mi
ZIP Area
50,567
Density / Sq Mi
$44,876
Median Household Income
$30,849
Median Earnings
$1,395
Median Rent
$694,500
Median Home Value
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Market
Average Price Trend$/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 - A gated, fully occupied property includes a separate coin-operated laundry room and parking behind the building.
Where is this apartment building located?
The property is located at 2507 W 4th Los Angeles, CA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 3,828‑square‑foot building on a 6,496‑square‑foot lot; Six apartments: two 2‑bedroom/1‑bathroom units and four 1‑bedroom/1‑bathroom units; Separate guest room; permit status unknown
