44-Unit Renovated Apartment
For Sale
Contact for pricing
5005 AUGUST ST, Los Angeles, CA 90008
Renovated unit interiors, upgraded windows, individual metering, and on-site amenities support a practical multifamily configuration.
Property Size18,344 SF
Price / SF$381.32
Days on Market31
Property Features for 5005 AUGUST ST
General Information
Standard status
Active
Size
18,344 SF
Total Parking Spaces
50
Property subtype
Multifamily
Net Operating Income
$424,246
Units
Unit Mix
3 x 1BR/1BA, 31 x studio, 10 x bachelor
Multifamily Units
44
Additional Details
Gross Income
$658,950
Amenities
on-site laundry facility
swimming pool
outdoor lounging area
Building Details
Year Built
1962
Buildings
1
Units
44
Listing Agency:
Stepp Commercial
(310) 463-2916
Listed By:
Robert Stepp · License #CA 01456379
Source:
Crexi
Added: Jul 31
Changed: Aug 29
Last Checked: Aug 29 at 2:40PM
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 Stepp Commercial
Investment Insights
Based on property information with market context.
This 44-unit apartment property, built in 1962, includes 31 studios, 10 bachelor units, and three one-bedroom, one-bath units. Renovations have been completed in 38 units, with contemporary fixtures, finishes, and interior updates. The 18,344-square-foot property also features upgraded vinyl windows throughout, individual gas and electric metering, and 50 on-site parking spaces.
Common-area features include an on-site laundry facility, swimming pool, and outdoor lounging area. The property is located on August Street in Los Angeles, within the West Adams/Crenshaw submarket. Development activity less than one mile away includes Baldwin Hills Crenshaw Plaza and the 5035 Coliseum Street mixed-use projects, which are planned to add residential, retail, hotel, office, restaurant, and public gathering uses.
Common-area features include an on-site laundry facility, swimming pool, and outdoor lounging area. The property is located on August Street in Los Angeles, within the West Adams/Crenshaw submarket. Development activity less than one mile away includes Baldwin Hills Crenshaw Plaza and the 5035 Coliseum Street mixed-use projects, which are planned to add residential, retail, hotel, office, restaurant, and public gathering uses.
Key Highlights
- 44‑unit multifamily property with 31 studios, 10 bachelor units, and three one‑bedroom, one‑bath units
- 38 of 44 units renovated with contemporary fixtures, finishes, and interior improvements
- 18,344‑square‑foot apartment property built in 1962
Property Analytics
Property Profile
Current Use
Lease Details
44
Residential units
Location Intelligence
Trade Area within ½ mile
1,050
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Renovated unit interiors, upgraded windows, individual metering, and on-site amenities support a practical multifamily configuration.
Where is this apartment building located?
The property is located at 5005 AUGUST ST Los Angeles, CA.
What is the asking price?
The asking price for this property is $6,995,000.
What are key features of this property?
This property features: 44‑unit multifamily property with 31 studios, 10 bachelor units, and three one‑bedroom, one‑bath units; 38 of 44 units renovated with contemporary fixtures, finishes, and interior improvements; 18,344‑square‑foot apartment property built in 1962
