Four-Unit Apartment
607 N St Louis St, Los Angeles, CA 90033
For Sale
New
$925,000
Three renovated units are scheduled for vacant delivery, and the property includes gated on-site parking.
Property Size2,598 SF
Lot Size0.12 Acres
Days on Market5
Property Features for 607 N St Louis St
General Information
Standard status
Size
Net Rentable
Lot size
Property subtype
Site & Location
Neighborhood
Highway Access
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Asking Price
Amenities
gated parking
Building Details
Building Size
Year Built
Listing Agency:
Marcus & Millichap
Listed By:
Oscar Diaz · License #02022902
(213) 943-1884
Source:
Milsteinestates
Added: Nov 5
Changed: Nov 8
Last Checked: Nov 8 at 4:28PM
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 Marcus & Millichap
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Investment Insights
Based on property information with market context.
This four-unit apartment property contains 2,598 rentable square feet on a 5,311-square-foot lot. The unit mix includes one two-bedroom, one-bathroom apartment and three one-bedroom, one-bathroom apartments. Three units have renovated interiors and are scheduled to be delivered vacant. Built in 1923, the property also has gated parking. Gas and electricity are separately metered; tenants pay for gas, electricity, and trash.
The property is near Downtown Los Angeles, the Arts District, and USC's Health Sciences Campus, with access to the 5, 10, 60, and 101 freeways. Projected operating metrics include a 7.00% cap rate and 10.20 GRM; estimated rental upside is 13.58%, with an 8.29% pro forma cap rate.
The property is near Downtown Los Angeles, the Arts District, and USC's Health Sciences Campus, with access to the 5, 10, 60, and 101 freeways. Projected operating metrics include a 7.00% cap rate and 10.20 GRM; estimated rental upside is 13.58%, with an 8.29% pro forma cap rate.
Key Highlights
- Four apartments: one 2‑bedroom/1‑bathroom unit and three 1‑bedroom/1‑bathroom units
- 2,598 rentable square feet on a 5,311‑square‑foot lot
- Three units have renovated interiors and are scheduled for vacant delivery
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,370
Cap Rate
4.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$907,400
$907.4K
Cap Rate 7%
$648,143
$648.1K
Cap Rate 9%
$504,111
$504.1K
Market Conditions
NOI Build-Up for 2,598 SF
Gross rent
$70.1K $27.00/SF
− Vacancy
−$5.3K −$2.05/SF
EGI
$64.8K $24.95/SF
− OpEx
−$19.4K −$7.48/SF
NOI
$45.4K $17.46/SF
Area
Los Angeles County, CA
Vacancy
7.60%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$907,400
Cap Rate 7%
$648,143
Cap Rate 9%
$504,111
Alternative Uses
Best Use
Multifamily LT 5
$648.1K
$567.1K – $756.2K
NOI $45,370 @ 7.0% cap · market cap 4.90%
Second Best
Apartment 5plus
$597.2K
$522.6K – $696.7K
NOI $41,804 @ 7.0% cap · market cap 4.52%
Theoretical Best
Office A
$1.08M
$949.1K – $1.27M
NOI $75,929 @ 7.0% cap · market cap 8.21%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,722
Businesses Nearby
Explore this area
Business Placement
Demographics for 90033, CA
46,081
Population
13,874
Households
3.3
Avg Household Size
32
Median Age
14%
College-Educated
54%
High-School Grad
3.3 sq mi
ZIP Area
13,964
Density / Sq Mi
$56,001
Median Household Income
$29,600
Median Earnings
$1,391
Median Rent
$669,500
Median Home Value
Market
Average Price Trend$/SF for Quadplexes in Los Angeles, CA
Properties on Market for Quadplexes in Los Angeles
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Three renovated units are scheduled for vacant delivery, and the property includes gated on-site parking.
Where is this quadplex located?
The property is located at 607 N St Louis St Los Angeles, CA.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Four apartments: one 2‑bedroom/1‑bathroom unit and three 1‑bedroom/1‑bathroom units; 2,598 rentable square feet on a 5,311‑square‑foot lot; Three units have renovated interiors and are scheduled for vacant delivery
