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    East Los Angeles Multifamily Property Title is generated by Realmo AI

    1134 S Vancouver Ave, East Los Angeles, CA 90022

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    Multifamily property for sale in East Los Angeles.

    Type:Multifamily
    Property size:
    8,000 SF
    Price / SF:
    $350/SF
    Added:
    Sep 17, 2022
    Days on Market:
    1374
    Last Refresh:
    May 19 at 10:26 pm

    Property Features for 1134 S Vancouver Ave

    General Information

    Standard status
    Active
    Size
    8,000 SF
    Property subtype
    Multifamily

    Building Details

    Year Built
    1929

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    Listing Contact
    Daniel Moussazadeh
    Daniel Moussazadeh

    Listing agent Daniel Moussazadeh License #CA 02058572

    Listing office Major Properties

    Listing date Sep 17, 2022

    Source Crexi

    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 Major Properties

    HighLights

    • For sale
    • Year built: 1929

    Overview

    This multifamily property, located in East Los Angeles, California, is available for sale. The property encompasses a total size of 8,000 square feet.

    Local Financial Insights For Apartment 5plus

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $306.2k $38.28
    − Vacancy −$2.1k −$0.27
    EGI $304.1k $38.01
    − OpEx −$136.8k −$17.11
    NOI $167.3k $20.91
    8,000 SF · lease $38.28/SF/yr · vacancy 0.70% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $2.39M
    $2.09M – $2.79M (±1% cap)
    NOI $167,253 @ 7.0% cap · market cap 5.97%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $3.26M
    $2.85M – $3.80M (±1% cap)
    NOI $228,164 @ 7.0% cap · market cap 8.15%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    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
    -118.157
    Latitude
    34.0246

    FAQs

    What type of property is this?
    Multifamily property - Multifamily property for sale in East Los Angeles.
    Where is this multifamily property located?
    The property is located at 1134 S 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: For sale; Year built: 1929
    (310) 999-9437 Call to check price and availability
    More about this property
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