8-Unit Apartment
7617 De Longpre Ave, Los Angeles, CA 90046
For Sale
New
$3,150,000
An elevator serves apartments ranging from one-bedroom to two-bedroom layouts.
Property Size9,911 SF
Price / SF$317.83
Days on Market5
Property Features for 7617 De Longpre Ave
General Information
Standard status
Size
Elevators
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Building Details
Building Size
Year Built
Listing Agency:
Sarkis Realty, Inc.
Listed By:
Ara S. Der Sarkissian · License CA #01318747
(323) 868-7283
Source:
Benbelack
Added: Nov 9
Changed: Nov 12
Last Checked: Nov 12 at 2:13PM
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 Sarkis Realty, Inc.
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Investment Insights
Based on property information with market context.
The 9,911-square-foot apartment property at 7617 De Longpre Ave in Los Angeles was built in 1963 and contains eight units: two one-bedroom, one-bathroom apartments and six two-bedroom, two-bathroom apartments. One two-bedroom, two-bathroom unit is vacant. Building features include an elevator, updated electrical subpanels in the units, and a completed seismic retrofit. The balconies have structural certification, and the roof was replaced approximately 10 years ago.
Key Highlights
- Eight apartments: two 1‑bedroom/1‑bathroom units and six 2‑bedroom/2‑bathroom units
- One vacant 2‑bedroom/2‑bathroom apartment
- 9,911‑square‑foot building constructed in 1963
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$159,476
Cap Rate
5.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,189,520
$3.2M
Cap Rate 7%
$2,278,229
$2.3M
Cap Rate 9%
$1,771,956
$1.8M
Market Conditions
NOI Build-Up for 9,911 SF
Gross rent
$315.2K $31.80/SF
− Vacancy
−$25.2K −$2.54/SF
EGI
$290.0K $29.26/SF
− OpEx
−$130.5K −$13.17/SF
NOI
$159.5K $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%
$3,189,520
Cap Rate 7%
$2,278,229
Cap Rate 9%
$1,771,956
Alternative Uses
Best Use
Apartment 5plus
$2.28M
$1.99M – $2.66M
NOI $159,476 @ 7.0% cap · market cap 5.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.14M
$3.62M – $4.83M
NOI $289,657 @ 7.0% cap · market cap 9.20%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
4,526
Businesses Nearby
Explore this area
Business Placement
Demographics for 90046, CA
49,987
Population
31,929
Households
1.6
Avg Household Size
39
Median Age
63%
College-Educated
95%
High-School Grad
5.7 sq mi
ZIP Area
8,770
Density / Sq Mi
$94,259
Median Household Income
$65,607
Median Earnings
$2,204
Median Rent
$1,411,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - An elevator serves apartments ranging from one-bedroom to two-bedroom layouts.
Where is this apartment building located?
The property is located at 7617 De Longpre Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $3,150,000.
What are key features of this property?
This property features: Eight apartments: two 1‑bedroom/1‑bathroom units and six 2‑bedroom/2‑bathroom units; One vacant 2‑bedroom/2‑bathroom apartment; 9,911‑square‑foot building constructed in 1963
