Seven-Unit Apartment
7028 Alvern St, Los Angeles, CA 90045
For Sale
$1,875,000
Pending
Residential Income, Los Angeles, CA
Property Size5,873 SF
Lot Size0.18 Acres
Days on Market350
Property Features for 7028 Alvern St
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Parking features
Directions
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Individually Metered Utilities
Building Details
Year built
Floors in Building
Number of units
Listing Agency:
Equity Union
(424) 600-7620
Listed By:
Dionya Jackson · License CA #01977801
(310) 754-0056
Added: Dec 1, 2025
Changed: Oct 30
Last Checked: Nov 15 at 1:06AM
MLS# 25623635
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.
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Investment Insights
Based on property information with market context.
Located at 7028 Alvern Street in Los Angeles, this two-story apartment property contains seven units totaling 5,873 square feet on a 7,984-square-foot LAR3-zoned lot. The unit mix includes two two-bedroom, one-bath residences and five one-bedroom, one-bath residences. One unit is scheduled for delivery vacant at closing. Garage parking is included, and each residence has separate gas and electric metering.
Originally built in 1954, the property has copper plumbing, updated electrical systems, a recently replaced roof, and a completed soft-story retrofit. The site is positioned south of Centinela Avenue and west of La Cienega Boulevard, with access to major freeways, Westfield Culver City, local restaurants, LAX, SoFi Stadium, and the upcoming Intuit Dome.
Originally built in 1954, the property has copper plumbing, updated electrical systems, a recently replaced roof, and a completed soft-story retrofit. The site is positioned south of Centinela Avenue and west of La Cienega Boulevard, with access to major freeways, Westfield Culver City, local restaurants, LAX, SoFi Stadium, and the upcoming Intuit Dome.
Key Highlights
- Seven‑unit apartment property with a mix of two two‑bedroom and five one‑bedroom units
- 5,873 SF building on a 7,984 SF LAR3‑zoned lot
- One unit scheduled for delivery vacant at closing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$94,501
Cap Rate
5.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,890,020
$1.9M
Cap Rate 7%
$1,350,014
$1.4M
Cap Rate 9%
$1,050,011
$1.1M
Market Conditions
NOI Build-Up for 5,873 SF
Gross rent
$186.8K $31.80/SF
− Vacancy
−$14.9K −$2.54/SF
EGI
$171.8K $29.26/SF
− OpEx
−$77.3K −$13.17/SF
NOI
$94.5K $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%
$1,890,020
Cap Rate 7%
$1,350,014
Cap Rate 9%
$1,050,011
Alternative Uses
Best Use
Apartment 5plus
$1.35M
$1.18M – $1.58M
NOI $94,501 @ 7.0% cap · market cap 5.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.45M
$2.15M – $2.86M
NOI $171,643 @ 7.0% cap · market cap 9.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
7
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,122
Businesses Nearby
Explore this area
Business Placement
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
$1,322,700
Median Home Value
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Market
Average Price Trend$/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 - Two-story property with separately metered units and updated building systems.
Where is this apartment building located?
The property is located at 7028 Alvern St 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‑unit apartment property with a mix of two two‑bedroom and five one‑bedroom units; 5,873 SF building on a 7,984 SF LAR3‑zoned lot; One unit scheduled for delivery vacant at closing
