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    Courtyard Apartment Complex Title is generated by Realmo AI

    2617 S SEPULVEDA BLVD, Los Angeles, CA 90064

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    Courtyard-style multifamily with gated parking, on-site laundry, and soft-story seismic retrofit across a 29-unit mix.

    Type:Multifamily
    Property size:
    19,116 SF
    Lot size:
    0.46 Acres
    Price / SF:
    $308/SF
    Added:
    May 27, 2026
    Days on Market:
    11
    Last Refresh:
    Jun 6 at 4:46 am

    Property Features for 2617 S SEPULVEDA BLVD

    General Information

    Standard status
    Active
    Size
    19,116 SF
    Lot size
    0.46 Acres
    Property subtype
    Multifamily

    Building Details

    Year Built
    1974

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    Listing Contact
    Jonathan Taksa

    Listing agent Jonathan Taksa License ## 01366169

    Listing office Taksa Investment Group

    Listing date May 27, 2026

    Source Crexi

    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 Taksa Investment Group

    HighLights

    • 29‑unit multifamily across two separate buildings on one APN, built in 1974
    • 19,850 SF lot with R3 zoning
    • Unit mix: 1 bachelor, 12 studios (full kitchens), 13 1 bed/1 bath, and 3 2 bed/2 bath
    • Courtyard‑style apartment setting with gated on‑site parking, on‑site laundry, and individual air‑conditioning units
    • Soft‑story seismic retrofit completed by current ownership
    • Unit amenities include patios or balconies and natural light

    Overview

    2617–2619 S Sepulveda Blvd is a 29-unit apartment property consisting of two separate buildings on one APN. Built in 1974, the R3-zoned site sits on a 19,850-square-foot lot. The unit mix includes 1 bachelor unit, 12 studio units with full kitchens, 13 one-bedroom/one-bath units, and 3 two-bedroom/two-bath units.

    The residences are set up in a courtyard-style apartment setting and include features commonly valued by tenants, including on-site laundry facilities, air-conditioning units, and patios or balconies. The property also has gated on-site parking. Ownership has completed a soft-story seismic retrofit, which provides an important update for future buyers.

    For investors and operators, the property offers a meaningful Westside rental footprint with a broad set of studio and one-bedroom options, along with a small two-bedroom component. The configuration is designed for tenant comfort and day-to-day usability, with full kitchens in studios and outdoor space in select units. Location-wise, the offering is positioned for access to Century City, Westwood, Santa Monica, and UCLA, with nearby shopping and dining that includes Westfield Century City and Downtown Santa Monica/Third Street Promenade, as well as the Sawtelle Japantown corridor.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.43234
    Latitude
    34.03238

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    FAQs

    What type of property is this?
    Apartment building - Courtyard-style multifamily with gated parking, on-site laundry, and soft-story seismic retrofit across a 29-unit mix.
    Where is this apartment building located?
    The property is located at 2617 S SEPULVEDA BLVD Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $5,900,000.
    What are key features of this property?
    This property features: 29‑unit multifamily across two separate buildings on one APN, built in 1974; 19,850 SF lot with R3 zoning; Unit mix: 1 bachelor, 12 studios (full kitchens), 13 1 bed/1 bath, and 3 2 bed/2 bath
    (213) 817-1000 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jonathan Taksa
    Real Estate License ID: # 01366169
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    2617 S SEPULVEDA BLVD, LOS ANGELES, CA 90064
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