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7-Unit Apartment Building

7028 Alvern Street, Los Angeles, CA 90045

For Sale
New
$1,875,000
Pending

A two-story residential property features separately metered apartments and several building-system upgrades.

Property Size5,873 SF
Lot Size0.18 Acres
Days on Market2

Property Features for 7028 Alvern Street

General Information

Standard status Pending
Size 5,873 SF
Lot size 0.18 Acres
Property subtype Residential Income
Zoning LAR3

Site & Location

Neighborhood Westchester
Highway Access Yes
Utilities to Site Yes

Units

Unit Mix 2 x 2BR/1BA, 5 x 1BR/1BA
Multifamily Units 7
Individually Metered Utilities gas, electricity

Amenities

true
7
2
9
false
7986
6
0.1833
5873
1

Building Details

Building Size 5,873 SF
Year Built 1954
Buildings 1
Stories 2
Listing Agency: Equity Union
Listed By: Dionya Jackson · License #01977801
Source: Remaxaegisca
Added: Nov 7 Changed: Nov 8 Last Checked: Nov 8 at 1:42AM

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 Equity Union

Rey
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Investment Insights

Based on property information with market context.

This two-story, 7-unit apartment property contains 5,873 SF of living area and was built in 1954. The unit mix includes two 2-bedroom, 1-bath apartments and five 1-bedroom, 1-bath apartments. One apartment is scheduled to be vacant at closing. Gas and electricity are separately metered for each unit; building improvements include copper plumbing, updated electrical systems, a replaced roof, and a completed soft-story retrofit. The site is zoned LAR3.

In Los Angeles’ Westchester area, the property sits south of Centinela Avenue and west of La Cienega Boulevard. The location provides access to major freeways and retail and dining options, including Westfield Culver City and local restaurants. LAX, SoFi Stadium, and Intuit Dome are also identified among nearby destinations.

Key Highlights

  • Seven apartments: two 2‑bedroom/1‑bath units and five 1‑bedroom/1‑bath units
  • 5,873 SF of living area in a two‑story building
  • One unit to be delivered vacant at closing

Property Analytics

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Lease Details

7
Residential units
Yes
Highway access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

1,122
Businesses Nearby

Demographics for 90045, CA

41,035
Population
17,981
Households
2.3
Avg Household Size
36
Median Age
64%
College-Educated
96%
High-School Grad
10.8 sq mi
ZIP Area
3,800
Density / Sq Mi
$132,577
Median Household Income
$68,684
Median Earnings
$2,909
Median Rent
$1,322,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Apartment buildings in Los Angeles, CA

$379 Jul
$368 Aug
$367 Sep
$367 Oct

Properties on Market for Apartment buildings in Los Angeles

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - A two-story residential property features separately metered apartments and several building-system upgrades.
Where is this apartment building located?
The property is located at 7028 Alvern Street Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,875,000.
What are key features of this property?
This property features: Seven apartments: two 2‑bedroom/1‑bath units and five 1‑bedroom/1‑bath units; 5,873 SF of living area in a two‑story building; One unit to be delivered vacant at closing
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