8-Unit Apartment
For Sale
$2,895,000
7050 Waring Ave, Los Angeles, CA 90038
Established multifamily property with a balanced mix of two- and three-bedroom residences in Los Angeles’ La Brea area.
Property Size9,728 SF
Lot Size0.19 Acres
Price / SF$297.59
Days on Market116
Property Features for 7050 Waring Ave
General Information
Standard status
Active
Size
9,728 SF
Lot size
0.19 Acres
Property subtype
MULTI_FAMILY
Units
Unit Mix
4 x 2BR/2BA, 4 x 3BR/2BA
Multifamily Units
8
Additional Details
Cap Rate
6.07%
Building Details
Building Size
9,728 SF
Year Built
1966
Buildings
1
Listing Agency:
Lyon Stahl Investment Real Estate, Inc.
Listed By:
Michael Kamara · License #02062158
Source:
Carolinakramer
Added: May 7
Changed: Aug 29
Last Checked: Jul 4 at 12:35PM
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 Lyon Stahl Investment Real Estate, Inc.
Investment Insights
Based on property information with market context.
This multifamily property contains eight apartments within a 9,728-square-foot building on an 8,157-square-foot lot. The unit mix includes four two-bedroom, two-bath residences and four three-bedroom, two-bath residences. Constructed in 1966, the asset offers an established apartment configuration suited to residential income ownership.
The property is located on Waring Ave in Los Angeles’ La Brea neighborhood, near Melrose Avenue and The Grove. Dining, retail, cafes, restaurants, cultural destinations, nightlife, Griffith Park, and Sunset Boulevard are identified as nearby amenities. A Walk Score of 96 reflects convenient pedestrian access to the surrounding neighborhood.
The current initial CAP rate is 6.07%, with a stated potential CAP rate of 7.70% following unit turnover.
The property is located on Waring Ave in Los Angeles’ La Brea neighborhood, near Melrose Avenue and The Grove. Dining, retail, cafes, restaurants, cultural destinations, nightlife, Griffith Park, and Sunset Boulevard are identified as nearby amenities. A Walk Score of 96 reflects convenient pedestrian access to the surrounding neighborhood.
The current initial CAP rate is 6.07%, with a stated potential CAP rate of 7.70% following unit turnover.
Key Highlights
- 8‑unit apartment building with 9,728 gross square feet
- Unit mix includes 4 two‑bedroom, two‑bath units and 4 three‑bedroom, two‑bath units
- 8,157‑square‑foot lot
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
3,470
Businesses Nearby
Explore this area
Business Placement
Demographics for 90038, CA
27,414
Population
14,998
Households
1.8
Avg Household Size
36
Median Age
41%
College-Educated
76%
High-School Grad
1.5 sq mi
ZIP Area
18,276
Density / Sq Mi
$61,566
Median Household Income
$36,844
Median Earnings
$1,764
Median Rent
$1,089,200
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Established multifamily property with a balanced mix of two- and three-bedroom residences in Los Angeles’ La Brea area.
Where is this apartment building located?
The property is located at 7050 Waring Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,895,000.
What are key features of this property?
This property features: 8‑unit apartment building with 9,728 gross square feet; Unit mix includes 4 two‑bedroom, two‑bath units and 4 three‑bedroom, two‑bath units; 8,157‑square‑foot lot
