51-Unit Elevator-Served Apartment
5414 S Western Avenue, Los Angeles, CA 90062
For Sale
Contact for pricing
The three-story rental property includes elevator access, a rooftop deck, and a mix of studio and one-bedroom apartments.
Property Size24,131 SF
Price / SF$559.45
Days on Market34
Property Features for 5414 S Western Avenue
General Information
Standard status
Size
Elevators
Property subtype
Site & Location
Neighborhood
Public Transit
Units
Unit Mix
Multifamily Units
Additional Details
Opportunity Zone
Amenities
roof deck
Building Details
Buildings
Stories
Listing Agency:
The Passman Group
Listed By:
Michael Winestone · License CA #01962276
Source:
Crexi
Added: Oct 7
Changed: Nov 8
Last Checked: Nov 8 at 4:32PM
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 Passman Group
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Investment Insights
Based on property information with market context.
Near completion, this three-story apartment project is planned for delivery with a Certificate of Occupancy in 2026. The elevator-served building contains 51 homes—16 studios and 35 one-bedroom units—across approximately 24,131 square feet, plus a 3,997-square-foot roof deck. It is not yet in lease-up. Under the stated incentive structure, 43 units may be rented at market rates without income limits, and the property requires no on-site parking. The source identifies a 15-year exemption from AB 1482 rent caps and placement outside the City’s Rent Stabilization Ordinance.
Located at 5414 S Western Avenue in Los Angeles, the property has Metro bus service at the site boundary. The Hyde Park K Line station is roughly 1.3 miles west. Chesterfield Square shopping center, with Food 4 Less and Home Depot, is at the Western and Slauson corner. The property is in Census Tract 2325, a federally designated Qualified Opportunity Zone.
Located at 5414 S Western Avenue in Los Angeles, the property has Metro bus service at the site boundary. The Hyde Park K Line station is roughly 1.3 miles west. Chesterfield Square shopping center, with Food 4 Less and Home Depot, is at the Western and Slauson corner. The property is in Census Tract 2325, a federally designated Qualified Opportunity Zone.
Key Highlights
- 51 apartments: 16 studios and 35 one‑bedroom units
- Approximately 24,131 square feet, with a 3,997‑square‑foot roof deck
- Three‑story, elevator‑served building; near completion with 2026 Certificate of Occupancy delivery planned
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$388,287
Cap Rate
2.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,765,740
$7.8M
Cap Rate 7%
$5,546,957
$5.5M
Cap Rate 9%
$4,314,300
$4.3M
Market Conditions
NOI Build-Up for 24,131 SF
Gross rent
$767.4K $31.80/SF
− Vacancy
−$61.4K −$2.54/SF
EGI
$706.0K $29.26/SF
− OpEx
−$317.7K −$13.17/SF
NOI
$388.3K $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%
$7,765,740
Cap Rate 7%
$5,546,957
Cap Rate 9%
$4,314,300
Alternative Uses
Best Use
Apartment 5plus
$5.55M
$4.85M – $6.47M
NOI $388,287 @ 7.0% cap · market cap 2.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.07M
$8.82M – $11.75M
NOI $705,249 @ 7.0% cap · market cap 5.22%
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
51
Residential units
Location Intelligence
Trade Area within ½ mile
1,258
Businesses Nearby
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Business Placement
Demographics for 90062, CA
32,524
Population
10,060
Households
3.2
Avg Household Size
36
Median Age
17%
College-Educated
65%
High-School Grad
1.9 sq mi
ZIP Area
17,118
Density / Sq Mi
$63,652
Median Household Income
$35,911
Median Earnings
$1,473
Median Rent
$672,700
Median Home Value
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Market
Average Price Trend$/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 - The three-story rental property includes elevator access, a rooftop deck, and a mix of studio and one-bedroom apartments.
Where is this apartment building located?
The property is located at 5414 S Western Avenue Los Angeles, CA.
What is the asking price?
The asking price for this property is $13,500,000.
What are key features of this property?
This property features: 51 apartments: 16 studios and 35 one‑bedroom units; Approximately 24,131 square feet, with a 3,997‑square‑foot roof deck; Three‑story, elevator‑served building; near completion with 2026 Certificate of Occupancy delivery planned
