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The Bahamas Apartment Building
New
For Sale
$3,150,000

3942 Stevely Ave, Los Angeles, CA 90008

Two-story multifamily property with a courtyard pool, on-site laundry, and controlled entry with a call box.

Property Size18,580 SF
Price / SF$169.54
Days on Market4

Property Features for 3942 Stevely Ave

General Information

Standard status Active
Size 18,580 SF
Property subtype Multifamily
Occupancy 65%

Units

Unit Mix 2 x studio, 9 x 1+1, 3 x 2+1.5, 6 x 2+2
Multifamily Units 20

Amenities

community pool
on-site laundry room
gated entry
Excellent Unit Mix
Gated Access with Centrally located Pool Courtyard
Offers Tremendous Upside through Interior Renovation of Vacant Units

Building Details

Building Size 18,580 SF
Buildings 1
Stories 2
Units 20
Listing Agency:
Listed By: Maurius Jeffery Beaner-Jeffery · License #License(s): CA: 01738154
Source: Marcusmillichap
Added: Aug 28 Changed: Aug 30 Last Checked: Aug 31 at 12:48PM

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 Maurius Jeffery Beaner-Jeffery

Investment Insights

Based on property information with market context.

The Bahamas is a 20-unit multifamily property at 3942 Stevely Ave in Los Angeles. The asset consists of a two-story building with 18,580 gross square feet, a central courtyard pool, an on-site laundry room, and gated entry supported by a call box. The unit mix includes two studios, nine one-bedroom/one-bath units, three two-bedroom/one-and-a-half-bath units, and six two-bedroom/two-bath units.

Seven units are vacant, including two identified as rent-ready, and seven of the 20 units are scheduled to be delivered vacant. The property is located in the Los Angeles RSO submarket within Baldwin Village. Nine significant development projects are under construction or completed within a 2-mile radius, representing more than $2.83B in total development and $834MM in private capital.

Key Highlights

  • 20‑unit multifamily property in Baldwin Village
  • 18,580 gross square feet in one two‑story building
  • Unit mix includes 2 studios, 9 one‑bedroom, and 9 two‑bedroom units

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Food Market Spa & Massage Center (Bike/Boat/Book/etc) Store Grocery & Convenience Store Barber Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

20
Residential units

Location Intelligence

Trade Area within ½ mile

791
Businesses Nearby

Demographics for 90008, CA

33,041
Population
16,245
Households
2
Avg Household Size
42
Median Age
33%
College-Educated
85%
High-School Grad
2.9 sq mi
ZIP Area
11,393
Density / Sq Mi
$61,822
Median Household Income
$41,295
Median Earnings
$1,589
Median Rent
$1,003,000
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Two-story multifamily property with a courtyard pool, on-site laundry, and controlled entry with a call box.
Where is this apartment building located?
The property is located at 3942 Stevely Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $3,150,000.
What are key features of this property?
This property features: 20‑unit multifamily property in Baldwin Village; 18,580 gross square feet in one two‑story building; Unit mix includes 2 studios, 9 one‑bedroom, and 9 two‑bedroom units
More about this property
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