12-Unit Apartment
4020 Stevely Ave, Los Angeles, CA 90008
For Sale
$2,699,000
Ten residences feature updated kitchens, baths, and flooring; two units remain to be renovated.
Property Size8,746 SF
Days on Market49
Property Features for 4020 Stevely Ave
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Property Condition
Severity
Evidence
Financials
Cap Rate
Gross Rent Multiplier
Site & Location
Neighborhood
Additional Details
Multifamily Units
Amenities
Laundry Room
Building Details
Building Size
Year Built
Listing Agency:
The Agency
Listed By:
Jonathan Swire · License CA #01336277
(310) 948-2631
Source:
Jademillsestates
Added: Sep 28
Changed: Nov 2
Last Checked: Nov 14 at 4:01PM
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 The Agency
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Investment Insights
Based on property information with market context.
This 12-unit apartment property offers a mix of one-, two-, and three-bedroom residences. Ten units have updated kitchens, bathrooms, and flooring, along with electrical and plumbing work; units 4 and 12 remain to be renovated. The property also includes an onsite laundry room and 17 parking spaces. It is subject to the City of Los Angeles Rent Stabilization Ordinance.
The property is within one mile of the Baldwin Hills Crenshaw Plaza and 5035 Coliseum Street mixed-use projects, which are in development. Plans described for the projects include nearly 1,800 residential units, a Costco, a 400-room hotel, retail, office space, restaurants, and public gathering areas.
The property is within one mile of the Baldwin Hills Crenshaw Plaza and 5035 Coliseum Street mixed-use projects, which are in development. Plans described for the projects include nearly 1,800 residential units, a Costco, a 400-room hotel, retail, office space, restaurants, and public gathering areas.
Key Highlights
- 12 apartment units with a mix of 1-, 2-, and 3‑bedroom residences
- 10 of 12 units have updated kitchens, baths, and flooring; units 4 and 12 remain to be renovated
- 17 onsite parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$140,730
Cap Rate
5.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,814,600
$2.8M
Cap Rate 7%
$2,010,429
$2.0M
Cap Rate 9%
$1,563,667
$1.6M
Market Conditions
NOI Build-Up for 8,746 SF
Gross rent
$278.1K $31.80/SF
− Vacancy
−$22.2K −$2.54/SF
EGI
$255.9K $29.26/SF
− OpEx
−$115.1K −$13.17/SF
NOI
$140.7K $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%
$2,814,600
Cap Rate 7%
$2,010,429
Cap Rate 9%
$1,563,667
Alternative Uses
Best Use
Apartment 5plus
$2.01M
$1.76M – $2.35M
NOI $140,730 @ 7.0% cap · market cap 5.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.65M
$3.20M – $4.26M
NOI $255,609 @ 7.0% cap · market cap 9.47%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
791
Businesses Nearby
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Business Placement
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
$1,003,000
Median Home Value
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Market
Average Price Trend$/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 - Ten residences feature updated kitchens, baths, and flooring; two units remain to be renovated.
Where is this apartment building located?
The property is located at 4020 Stevely Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,699,000.
What are key features of this property?
This property features: 12 apartment units with a mix of 1-, 2-, and 3‑bedroom residences; 10 of 12 units have updated kitchens, baths, and flooring; units 4 and 12 remain to be renovated; 17 onsite parking spaces
