5-Unit Apartment Building with
6124 S Victoria Ave, Los Angeles, CA 90043
For Sale
$1,395,000
Pending
Large apartment units offer private laundry areas and dedicated garage space for each residence.
Property Size4,049 SF
Days on Market118
Property Features for 6124 S Victoria Ave
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Site & Location
Neighborhood
Units
Multifamily Units
Parking per Unit
Amenities
private laundry area
Building Details
Building Size
Year Built
Listing Agency:
West Shores Realty, Inc.
Listed By:
Magaly Gordon · License CA #01306297
(310) 864-9382
Source:
Benbelack
Added: Jul 15
Changed: Oct 31
Last Checked: Nov 8 at 4:31PM
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 West Shores Realty, Inc.
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Investment Insights
Based on property information with market context.
This 5-unit apartment property at 6124 S Victoria Ave includes five large residences, with each unit paired with a dedicated one-car garage and private laundry area. The building measures 4,049 square feet and is zoned R3. Four units are expected to be delivered vacant, while the remaining tenant is open to relocating, providing a substantially vacant configuration at delivery.
The property is located in Los Angeles’ Park Mesa neighborhood. Existing improvements may support renovation and continued apartment use, while the oversized lot may warrant review for additional units or redevelopment. The source information identifies a potential ground-up plan of up to 84 units, subject to buyer verification with the city and independent due diligence regarding zoning and development requirements.
The property is located in Los Angeles’ Park Mesa neighborhood. Existing improvements may support renovation and continued apartment use, while the oversized lot may warrant review for additional units or redevelopment. The source information identifies a potential ground-up plan of up to 84 units, subject to buyer verification with the city and independent due diligence regarding zoning and development requirements.
Key Highlights
- 5 apartment units totaling 4,049 square feet
- 4 units will be delivered vacant; the final tenant is open to moving
- Each unit includes a dedicated one‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,152
Cap Rate
4.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,303,040
$1.3M
Cap Rate 7%
$930,743
$930.7K
Cap Rate 9%
$723,911
$723.9K
Market Conditions
NOI Build-Up for 4,049 SF
Gross rent
$128.8K $31.80/SF
− Vacancy
−$10.3K −$2.54/SF
EGI
$118.5K $29.26/SF
− OpEx
−$53.3K −$13.17/SF
NOI
$65.2K $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%
$1,303,040
Cap Rate 7%
$930,743
Cap Rate 9%
$723,911
Alternative Uses
Best Use
Apartment 5plus
$930.7K
$814.4K – $1.09M
NOI $65,152 @ 7.0% cap · market cap 4.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.69M
$1.48M – $1.97M
NOI $118,335 @ 7.0% cap · market cap 8.48%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
1,144
Businesses Nearby
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Business Placement
Demographics for 90043, CA
46,179
Population
18,307
Households
2.5
Avg Household Size
41
Median Age
31%
College-Educated
85%
High-School Grad
4.1 sq mi
ZIP Area
11,263
Density / Sq Mi
$65,496
Median Household Income
$42,077
Median Earnings
$1,424
Median Rent
$867,800
Median Home Value
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Market
Average Price Trend$/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 - Large apartment units offer private laundry areas and dedicated garage space for each residence.
Where is this apartment building located?
The property is located at 6124 S Victoria Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: 5 apartment units totaling 4,049 square feet; 4 units will be delivered vacant; the final tenant is open to moving; Each unit includes a dedicated one‑car garage
