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22-Unit Apartment Building
New
For Sale
$5,000,000
Pending

822 New Depot Street, Los Angeles, CA 90012

LAR4-zoned apartments include a gated underground garage and elevator access from parking to the penthouse level.

Property Size22,021 SF
Days on Market2

Property Features for 822 New Depot Street

General Information

Standard status Pending
Size 22,021 SF
Elevators Yes
Property subtype Residential Income
Zoning LAR4

Site & Location

Neighborhood Chinatown
Highway Access Yes

Units

Unit Mix 1 x 1BD/1BA, 19 x 2BD/1BA, 1 x 3BD/2BA penthouse, 1 x 3BD/2.5BA penthouse
Multifamily Units 22

Amenities

private rooftop deck and patio
washer/dryer room
semi-subterranean parking garage
coin-operated laundry
false
24
4
45
10479
22
0.2406
Driveway Down Slope From Street,Underground,Gated
22021
1

Building Details

Building Size 22,021 SF
Year Built 1983
Buildings 1
Stories 4
Listing Agency: Lyon Stahl Investment Real Estate, Inc.
Listed By: Jake Glaser · License #02128816
Source: Maryclark
Added: Oct 29 Last Checked: Oct 29 at 2:36PM

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.

Rey
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Investment Insights

Based on property information with market context.

Built in 1983, this 22-unit apartment property contains approximately 22,021 square feet and is zoned LAR4. The unit mix comprises one 1BD/1BA, nineteen 2BD/1BA, one 3BD/2BA penthouse, and one 3BD/2.5BA penthouse. Three apartments, including the owner's penthouse, are scheduled to be vacant at closing. The property is outside the City of Los Angeles Rent Stabilization Ordinance. A 2023 roof reseal is among the completed improvements.

Penthouse A has a private 1,000 SF rooftop deck and patio, plus access to a dedicated washer/dryer room. Both penthouses have HVAC and Sub-Zero appliances. Residents are served by a gated, semi-subterranean garage and an elevator connecting the garage to the penthouse floor. Coin-operated laundry equipment generates supplemental income.

The building is in Los Angeles' Chinatown neighborhood, near Downtown Los Angeles, Dodger Stadium, Echo Park, and Silver Lake, with access to the 110 and 101.

Key Highlights

  • 22 apartments across approximately 22,021 square feet
  • Unit mix: (1) 1BD/1BA, (19) 2BD/1BA, (1) 3BD/2BA penthouse, and (1) 3BD/2.5BA penthouse
  • LAR4 zoning; outside the City of Los Angeles Rent Stabilization Ordinance

Property Analytics

Who owns this building? See the owner, sales and loan history
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Lease Details

22
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

2,940
Businesses Nearby

Demographics for 90012, CA

33,851
Population
16,541
Households
2
Avg Household Size
37
Median Age
39%
College-Educated
77%
High-School Grad
3.6 sq mi
ZIP Area
9,403
Density / Sq Mi
$67,635
Median Household Income
$44,901
Median Earnings
$2,116
Median Rent
$686,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

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 - LAR4-zoned apartments include a gated underground garage and elevator access from parking to the penthouse level.
Where is this apartment building located?
The property is located at 822 New Depot Street Los Angeles, CA.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: 22 apartments across approximately 22,021 square feet; Unit mix: (1) 1BD/1BA, (19) 2BD/1BA, (1) 3BD/2BA penthouse, and (1) 3BD/2.5BA penthouse; LAR4 zoning; outside the City of Los Angeles Rent Stabilization Ordinance
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