11-Unit Apartment
New
For Sale
$1,775,000
637 S Mcdonnell Ave, Los Angeles, CA 90022
MULTI_FAMILY - Los Angeles, CA
Property Size4,072 SF
Lot Size0.16 Acres
Price / SF$435.90
Days on Market3
Property Features for 637 S Mcdonnell Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
LCR2YY
Bedrooms
8
Bathrooms
11
Full bathrooms
3
Rooms
Bathroom 7, Bathroom 3, Bathroom 6, Bedroom 1, Bathroom 2, Bathroom 5, Bedroom 3, Bathroom 4, Bedroom 4, Bathroom 10, Bedroom 7, Bedroom 2, Bathroom 11, Bathroom 1, Bedroom 5, Bathroom 8, Bedroom 8, Bathroom 9, Bedroom 6
Parking features
Assigned
Directions
Located between Hubbard St and 6th St
Subdivision
East LA
Standard status
Active
APN
5247-015-027
Size
4,072 SF
Lot size
0.16 Acres
Utilities
Cooling system
Window Unit(s)
Building Details
Year built
1927
Floors in Building
2
Number of units
11
Listing Agency:
Remax Commercial and Investment Realty · RE/MAX International
(213) 817-1000
Listed By:
Enrique Viramontes · License #01372010
(213) 233-4363
Added: Aug 13
Changed: Aug 14
Last Checked: Aug 15 at 11:06PM
MLS# 26872303
Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 11-unit apartment property contains 4,072 square feet on a 0.1594-acre lot. The unit mix includes one two-bedroom, one-bath residence, six one-bedroom, one-bath residences, and four studios. Mostly single-story construction supports a straightforward building layout, while assigned parking and window unit cooling are among the existing property features. Built in 1927, the property is zoned LCR2YY.
The property is within walking distance of the Metro Gold Line Station and near the East Los Angeles Civic Center and Whittier Boulevard. Access to the 710, 10, and 5 Freeways connects the site with Downtown Los Angeles and destinations throughout the region. Plans for two ADUs were previously approved, subject to applicable zoning and permitting requirements.
The property is within walking distance of the Metro Gold Line Station and near the East Los Angeles Civic Center and Whittier Boulevard. Access to the 710, 10, and 5 Freeways connects the site with Downtown Los Angeles and destinations throughout the region. Plans for two ADUs were previously approved, subject to applicable zoning and permitting requirements.
Key Highlights
- 11‑unit apartment property with 4,072 square feet of building area
- Unit mix includes 1 two‑bedroom, 1‑bath unit; 6 one‑bedroom, 1‑bath units; and 4 studios
- Mostly single‑story construction on a 0.1594‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$85,132
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.80%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,702,640
$1.7M
Cap Rate 7%
$1,216,171
$1.2M
Cap Rate 9%
$945,911
$945.9K
Market Conditions
NOI Build-Up for 4,072 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$155.9K $38.28/SF
− Vacancy
−$1.1K −$0.27/SF
EGI
$154.8K $38.01/SF
− OpEx
−$69.7K −$17.11/SF
NOI
$85.1K $20.91/SF
Area
ZIP 90022
Vacancy
0.70%
Lease Rate
$38.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,702,640
Cap Rate 7%
$1,216,171
Cap Rate 9%
$945,911
Alternative Uses
Best Use
Apartment 5plus
$1.22M
$1.06M – $1.42M
NOI $85,132 @ 7.0% cap · market cap 4.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.66M
$1.45M – $1.94M
NOI $116,135 @ 7.0% cap · market cap 6.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
11
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
887
Businesses Nearby
Explore this area
Business Placement
Demographics for 90022, CA
64,517
Population
17,845
Households
3.6
Avg Household Size
34
Median Age
10%
College-Educated
56%
High-School Grad
4.4 sq mi
ZIP Area
14,663
Density / Sq Mi
$67,829
Median Household Income
$32,304
Median Earnings
$1,407
Median Rent
$603,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Mostly single-story multifamily property with assigned parking and a varied residential unit mix.
Where is this apartment building located?
The property is located at 637 S Mcdonnell Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,775,000.
What are key features of this property?
This property features: 11‑unit apartment property with 4,072 square feet of building area; Unit mix includes 1 two‑bedroom, 1‑bath unit; 6 one‑bedroom, 1‑bath units; and 4 studios; Mostly single‑story construction on a 0.1594‑acre lot
