5-Unit Apartment
504 E 46th, Los Angeles, CA 90011
For Sale
New
$950,000
Four smaller residences and one three-bedroom home create a five-unit rental configuration.
Property Size3,581 SF
Days on Market2
Property Features for 504 E 46th
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Public Transit
Units
Unit Mix
Multifamily Units
Building Details
Building Size
Year Built
Units
Listed By:
Sandra Barron
Source:
Elliman
Added: Nov 8
Last Checked: Nov 8 at 5:56PM
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 Sandra Barron
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Investment Insights
Based on property information with market context.
This 1915 apartment property contains five residences: four with one bedroom and one bathroom each, plus a three-bedroom, one-bathroom unit. The mix combines compact apartments with a larger residence in the same building.
The property is in Los Angeles, near shopping, restaurants, schools, major streets, and public transportation. Walk Score is 85, Bike Score is 82, and Transit Score is 66.
The property is in Los Angeles, near shopping, restaurants, schools, major streets, and public transportation. Walk Score is 85, Bike Score is 82, and Transit Score is 66.
Key Highlights
- Five apartments: four 1‑bedroom, 1‑bathroom units and one 3‑bedroom, 1‑bathroom unit
- Built in 1915
- Walk Score of 85; Bike Score of 82; Transit Score of 66
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,621
Cap Rate
6.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,152,420
$1.2M
Cap Rate 7%
$823,157
$823.2K
Cap Rate 9%
$640,233
$640.2K
Market Conditions
NOI Build-Up for 3,581 SF
Gross rent
$113.9K $31.80/SF
− Vacancy
−$9.1K −$2.54/SF
EGI
$104.8K $29.26/SF
− OpEx
−$47.1K −$13.17/SF
NOI
$57.6K $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%
$1,152,420
Cap Rate 7%
$823,157
Cap Rate 9%
$640,233
Alternative Uses
Best Use
Apartment 5plus
$823.2K
$720.3K – $960.4K
NOI $57,621 @ 7.0% cap · market cap 6.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.46M
$1.28M – $1.70M
NOI $102,132 @ 7.0% cap · market cap 10.75%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
1,738
Businesses Nearby
Explore this area
Business Placement
Demographics for 90011, CA
102,308
Population
25,119
Households
4.1
Avg Household Size
30
Median Age
6%
College-Educated
43%
High-School Grad
4.3 sq mi
ZIP Area
23,793
Density / Sq Mi
$53,781
Median Household Income
$27,889
Median Earnings
$1,497
Median Rent
$575,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - Four smaller residences and one three-bedroom home create a five-unit rental configuration.
Where is this apartment building located?
The property is located at 504 E 46th Los Angeles, CA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Five apartments: four 1‑bedroom, 1‑bathroom units and one 3‑bedroom, 1‑bathroom unit; Built in 1915; Walk Score of 85; Bike Score of 82; Transit Score of 66
