Apartment Building with Gated
New
For Sale
$1,550,000
5824 Virginia Ave, Los Angeles, CA 90038
Eight residences offer a varied one- and two-bedroom mix, with on-site laundry and gated rear parking.
Property Size6,504 SF
Lot Size0.17 Acres
Price / SF$238.31
Days on Market7
Property Features for 5824 Virginia Ave
General Information
Standard status
Active
Size
6,504 SF
Lot size
0.17 Acres
Property subtype
MULTI_FAMILY
Occupancy
100%
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
5 x 1BR/1BA, 1 x 2BR/1BA, 2 x 2BR/2BA
Multifamily Units
8
Amenities
gated parking
covered carport
on-site laundry
Building Details
Building Size
6,504 SF
Year Built
1962
Buildings
1
Stories
2
Listing Agency:
NorthMarq Realty Services, Inc.
Listed By:
Elliot Hassan · License #01481211
(213) 943-1800
Source:
Carolinakramer
Added: Oct 14
Changed: Oct 19
Last Checked: Oct 19 at 2:24PM
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 NorthMarq Realty Services, Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1962, this two-story, 8-unit apartment property contains approximately 6,504 square feet on a 7,499-square-foot lot. The unit mix comprises five one-bedroom, one-bath apartments, one two-bedroom, one-bath apartment, and two two-bedroom, two-bath apartments. Features include a perimeter gate, covered carport parking, on-site laundry, and a landscaped walkway. Completed building work includes a soft-story seismic retrofit, roof replacement, and upgrades to the electrical subpanels in all units.
The building is fully occupied, and in-place rents are approximately 29% below market. It is subject to the Los Angeles Rent Stabilization Ordinance. Utility reimbursement income helps offset operating costs.
The property is on a residential block one block north of Santa Monica Boulevard, near Bronson Avenue. Sunset Boulevard, Hollywood Boulevard, Metro rail, major production studios, and the Hollywood Freeway are described as minutes away; the Hollywood Hills are a short drive north.
The building is fully occupied, and in-place rents are approximately 29% below market. It is subject to the Los Angeles Rent Stabilization Ordinance. Utility reimbursement income helps offset operating costs.
The property is on a residential block one block north of Santa Monica Boulevard, near Bronson Avenue. Sunset Boulevard, Hollywood Boulevard, Metro rail, major production studios, and the Hollywood Freeway are described as minutes away; the Hollywood Hills are a short drive north.
Key Highlights
- 8‑unit building with approximately 6,504 square feet on a 7,499‑square‑foot lot
- Unit mix: five 1‑bedroom, 1‑bath units; one 2‑bedroom, 1‑bath unit; two 2‑bedroom, 2‑bath units
- 100% occupied; in‑place rents are approximately 29% below market
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
8
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,901
Businesses Nearby
Explore this area
Business Placement
Demographics for 90038, CA
27,414
Population
14,998
Households
1.8
Avg Household Size
36
Median Age
41%
College-Educated
76%
High-School Grad
1.5 sq mi
ZIP Area
18,276
Density / Sq Mi
$61,566
Median Household Income
$36,844
Median Earnings
$1,764
Median Rent
$1,089,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Eight residences offer a varied one- and two-bedroom mix, with on-site laundry and gated rear parking.
Where is this apartment building located?
The property is located at 5824 Virginia Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: 8‑unit building with approximately 6,504 square feet on a 7,499‑square‑foot lot; Unit mix: five 1‑bedroom, 1‑bath units; one 2‑bedroom, 1‑bath unit; two 2‑bedroom, 2‑bath units; 100% occupied; in‑place rents are approximately 29% below market
