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    1134 Vancouver Ave East Los Angeles, CA 90022

    For Sale
    $2,800,000

    16-unit multifamily, high-income potential.

    Property size:
    8,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    Exceptional investment opportunity: a well-maintained, 16-unit apartment building in East Los Angeles, CA. This two-story building, constructed in 1929 and boasting 8,000 square feet on a 6,528 square foot lot (APN 5245-011-012), offers a compelling mix of eight one-bedroom/one-bathroom units and eight studio/one-bathroom units. Currently generating a gross monthly income of $18,256, the property presents significant upside potential due to below-market rents. Recent capital improvements include brand new windows, updated copper plumbing, energy-efficient LED lighting, and fresh exterior stucco paint. The property is conveniently located just north of Olympic Boulevard and two blocks west of Atlantic Boulevard, in a desirable area zoned LCR4YY. The asking price is $2,800,000, representing an attractive price per unit of $175,000. This property is an ideal addition to any investor's portfolio, offering strong cash flow and significant appreciation potential. The building's solid construction and recent upgrades ensure long-term value and minimal maintenance needs. Don't miss this chance to acquire a well-positioned multifamily asset in a thriving Los Angeles neighborhood.

    Property Features for 1134 Vancouver Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    8,000 SF

    Building Details

    Year Built
    1929
    Stories
    2
    Units
    16

    HighLights

    • Two‑story, 16‑unit apartment building.
    • Eight one‑bedroom/one‑bath units and eight studio/one‑bath units.
    • $18,256 gross monthly income; below market rents.
    • Recent upgrades include new windows, copper plumbing, LED lighting, and exterior paint.
    • Excellent location, just north of Olympic Blvd and two blocks west of Atlantic Blvd.
    • Built in 1929, zoned LCR4YY, APN 5245‑011‑012.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    East Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.1606098
    Latitude
    34.0172793

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    FAQs

    What type of property is this?
    Multifamily property - 16-unit multifamily, high-income potential.
    Where is this multifamily property located?
    The property is located at 1134 Vancouver Ave East Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $2,800,000.
    What are key features of this property?
    This property features: Two-story, 16-unit apartment building.; Eight one-bedroom/one-bath units and eight studio/one-bath units.; $18,256 gross monthly income; below market rents.
    Request Owner's contact information
    1134 Vancouver Ave East Los Angeles, CA 90022
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    East Los Angeles, CA 90022
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1134 Vancouver Ave East Los Angeles, CA 90022
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