42-Unit Apartment
3585 S Sepulveda Boulevard, Los Angeles, CA 90034
For Sale
New
$8,995,000
Low-rise buildings combine studio and one-bedroom homes with shared laundry, a pool, and varied on-site parking.
Property Size25,050 SF
Lot Size0.95 Acres
Price / SF$359.08
Days on Market2
Property Features for 3585 S Sepulveda Boulevard
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Site & Location
Neighborhood
Road Access
Units
Multifamily Units
Individually Metered Utilities
Additional Details
Tenant in Place
Amenities
laundry rooms
swimming pool
true
42
2
36
Common Area,Laundry Room
Assessor
41279
45
0.9476
Assigned,Covered,Uncovered
25050
3
Building Details
Building Size
Year Built
Stories
Listing Agency:
Cavanaugh Realtors
(310) 837-7161
Listed By:
Daniel John Cavanaugh · License CA #00576151
Source:
Wetrustrealty
Added: Nov 14
Last Checked: Nov 14 at 2:20PM
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 Cavanaugh Realtors
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Investment Insights
Based on property information with market context.
This 42-unit apartment property comprises low-rise buildings totaling 25,050 square feet. The unit mix is primarily studios and one-bedroom apartments, with 36 units noted in the property details. Three on-site laundry rooms provide shared facilities, and individual gas and electric meters serve the apartments. A central courtyard includes a swimming pool. Parking totals approximately 45 spaces across open, garage, and carport options.
The property occupies two separate APNs and has more than 350 feet of frontage on Sepulveda Boulevard in Los Angeles. Nearby retail includes Trader Joe’s and CVS, with a Whole Foods Market identified as upcoming. The property is zoned LAR3 and was built in 1948.
The property occupies two separate APNs and has more than 350 feet of frontage on Sepulveda Boulevard in Los Angeles. Nearby retail includes Trader Joe’s and CVS, with a Whole Foods Market identified as upcoming. The property is zoned LAR3 and was built in 1948.
Key Highlights
- 42‑unit apartment property with a primarily studio and one‑bedroom mix
- 25,050‑square‑foot building area
- More than 350 feet of frontage along Sepulveda Boulevard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$403,075
Cap Rate
4.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,061,500
$8.1M
Cap Rate 7%
$5,758,214
$5.8M
Cap Rate 9%
$4,478,611
$4.5M
Market Conditions
NOI Build-Up for 25,050 SF
Gross rent
$796.6K $31.80/SF
− Vacancy
−$63.7K −$2.54/SF
EGI
$732.9K $29.26/SF
− OpEx
−$329.8K −$13.17/SF
NOI
$403.1K $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%
$8,061,500
Cap Rate 7%
$5,758,214
Cap Rate 9%
$4,478,611
Alternative Uses
Best Use
Apartment 5plus
$5.76M
$5.04M – $6.72M
NOI $403,075 @ 7.0% cap · market cap 4.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.46M
$9.15M – $12.20M
NOI $732,108 @ 7.0% cap · market cap 8.14%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Lease Details
42
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,857
Businesses Nearby
Explore this area
Business Placement
Demographics for 90034, CA
57,152
Population
29,262
Households
2
Avg Household Size
35
Median Age
64%
College-Educated
92%
High-School Grad
3.1 sq mi
ZIP Area
18,436
Density / Sq Mi
$103,082
Median Household Income
$62,891
Median Earnings
$2,180
Median Rent
$1,395,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - Low-rise buildings combine studio and one-bedroom homes with shared laundry, a pool, and varied on-site parking.
Where is this apartment building located?
The property is located at 3585 S Sepulveda Boulevard Los Angeles, CA.
What is the asking price?
The asking price for this property is $8,995,000.
What are key features of this property?
This property features: 42‑unit apartment property with a primarily studio and one‑bedroom mix; 25,050‑square‑foot building area; More than 350 feet of frontage along Sepulveda Boulevard
