Value-Add Apartment Building in Los
4214 Montclair, Los Angeles, CA 90018
For Sale
$2,400,000
12-unit apartment building with value-add potential in a high-growth location.
Property Size5,656 SF
Lot Size0.16 Acres
Price / SF$424.33
Days on Market255
Property Features for 4214 Montclair
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Amenities
Central air
Dryer
Washer
Flat/Low Pitch Roof
Gas Hook-up
Gate / Door Opener
Level
Other
Uncovered Parking
Wall Furnace Heating
Window/Wall Unit Cooling
Building Details
Year Built
Listing Agency:
GROWTH INVESTMENT GROUP PASADE
(626) 594-4900
Listed By:
HANDOKO CHEN · License #CA 01749321
(626) 224-2495
Source:
Corcoran
Added: Feb 27
Changed: Aug 8
Last Checked: Aug 8 at 6:05AM
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 GROWTH INVESTMENT GROUP PASADE
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Investment Insights
Based on property information with market context.
This well-maintained 12-unit apartment community is located on the border of Jefferson Park and West Adams. The 2-story garden-style apartment building, constructed in 1958, offers approximately 5,656 square feet of living space on a 6,750 square foot lot zoned LAC2. The property is situated in a central location adjacent to a newly built apartment complex and within a high-growth area with many recently completed or under construction residential developments. It features a secured entrance and gated parking. The property has a 6.04% in-place CAP Rate and a 43% rental upside. Approximately 6 units have been updated, with 3 units featuring in-unit laundry machines, demonstrating a value-add strategy. An additional 3 units have also undergone some updates. The location provides easy access to various Los Angeles points of interest, including DTLA, USC, Koreatown, Mid-City, and Westwood, via FWY 10 and FWY 110. The community is clean and features a gated entrance, with separate meters for electricity and gas.
Key Highlights
- 6.04% in‑place CAP Rate with 43% rental upside.
- High‑growth location near DTLA, USC, Koreatown, Mid‑City, and Westwood.
- Value‑add opportunity with proven rental upside through unit upgrades.
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,355
Businesses Nearby
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Business Placement
Demographics for 90018, CA
50,179
Population
17,917
Households
2.8
Avg Household Size
37
Median Age
24%
College-Educated
74%
High-School Grad
3.0 sq mi
ZIP Area
16,726
Density / Sq Mi
$63,671
Median Household Income
$36,845
Median Earnings
$1,512
Median Rent
$886,800
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Los Angeles, CA
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Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - 12-unit apartment building with value-add potential in a high-growth location.
Where is this apartment building located?
The property is located at 4214 Montclair Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: 6.04% in‑place CAP Rate with 43% rental upside.; High‑growth location near DTLA, USC, Koreatown, Mid‑City, and Westwood.; Value‑add opportunity with proven rental upside through unit upgrades.
