14-Unit Apartment
3653 Overland Ave, Los Angeles, CA 90034
For Sale
$2,600,000
A 1957-built multifamily property offers studio and one-bedroom layouts with on-site parking.
Property Size5,480 SF
Lot Size0.13 Acres
Price / SF$474.45
Days on Market8
Property Features for 3653 Overland Ave
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Site & Location
Neighborhood
Highway Access
Public Transit
Units
Unit Mix
Multifamily Units
Additional Details
Cap Rate
Tenant in Place
Building Details
Building Size
Year Built
Listing Agency:
Tierra Properties
Listed By:
Irma Vargas · License CA #00467438
(310) 930-6187
Source:
Milsteinestates
Added: Nov 7
Changed: Nov 10
Last Checked: Nov 12 at 1:35PM
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 Tierra Properties
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Investment Insights
Based on property information with market context.
Built in 1957, this 14-unit apartment property contains approximately 5,480 square feet on a 5,756-square-foot LAR4 lot. The unit mix consists of ten 1-bedroom/1-bath apartments and four studios. Five parking spaces are located on site, and three units are currently vacant.
The property is in Los Angeles’ Palms neighborhood, between Culver City, Mar Vista, Cheviot Hills, and West Los Angeles. Nearby access includes the Metro E Line, I-10, and I-405, with connections to Culver City, Century City, Westwood/UCLA, Santa Monica, and Playa Vista. Major media, entertainment, and technology employment centers are also identified in the surrounding Westside area.
The property is in Los Angeles’ Palms neighborhood, between Culver City, Mar Vista, Cheviot Hills, and West Los Angeles. Nearby access includes the Metro E Line, I-10, and I-405, with connections to Culver City, Century City, Westwood/UCLA, Santa Monica, and Playa Vista. Major media, entertainment, and technology employment centers are also identified in the surrounding Westside area.
Key Highlights
- 14 apartments: ten 1‑bedroom/1‑bath units and four studios
- Approximately 5,480 square feet on a 5,756‑square‑foot LAR4 lot
- Five on‑site parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,178
Cap Rate
3.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,763,560
$1.8M
Cap Rate 7%
$1,259,686
$1.3M
Cap Rate 9%
$979,756
$979.8K
Market Conditions
NOI Build-Up for 5,480 SF
Gross rent
$174.3K $31.80/SF
− Vacancy
−$13.9K −$2.54/SF
EGI
$160.3K $29.26/SF
− OpEx
−$72.1K −$13.17/SF
NOI
$88.2K $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%
$1,763,560
Cap Rate 7%
$1,259,686
Cap Rate 9%
$979,756
Alternative Uses
Best Use
Apartment 5plus
$1.26M
$1.10M – $1.47M
NOI $88,178 @ 7.0% cap · market cap 3.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.29M
$2.00M – $2.67M
NOI $160,158 @ 7.0% cap · market cap 6.16%
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
14
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
4,814
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 - A 1957-built multifamily property offers studio and one-bedroom layouts with on-site parking.
Where is this apartment building located?
The property is located at 3653 Overland Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: 14 apartments: ten 1‑bedroom/1‑bath units and four studios; Approximately 5,480 square feet on a 5,756‑square‑foot LAR4 lot; Five on‑site parking spaces
