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R-4 Multifamily Property
For Sale
$1,290,000

965 Dewey Ave, Los Angeles, CA 90006

Income-producing residential property in a transit incentive area with redevelopment-oriented zoning.

Property Size1,772 SF
Price / SF$727.99
Days on Market192

Property Features for 965 Dewey Ave

General Information

Standard status Active
Size 1,772 SF
Property subtype MULTI_FAMILY
Zoning R-4

Additional Details

Gross Income $55,380
Public Transit Yes

Building Details

Building Size 1,772 SF
Year Built 1923
Listing Agency: Urban Real Estate, Inc.
Listed By: Yong Su Koh · License #01978670
Source: Carolinakramer
Added: Feb 20 Changed: Aug 30 Last Checked: Aug 30 at 4:54PM

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 Urban Real Estate, Inc.

Investment Insights

Based on property information with market context.

This multifamily property at 965 Dewey Ave is a 1,772-square-foot residential income asset built in 1923. The property is zoned R-4 and currently generates rental income, providing an existing operating profile for an owner or investor evaluating future plans.

The site is within a TOC Tier-3 transit incentive area near major transit routes in Los Angeles. Its combination of established residential use, R-4 zoning, transit-area designation, and current rental activity supports consideration of both continued operation and redevelopment planning.

Key Highlights

  • R‑4 zoning supports multifamily residential use
  • 1,772‑square‑foot property built in 1923
  • Located within a TOC Tier‑3 transit incentive area

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Tanning Salon (Bike/Boat/Book/etc) Store Buffet Veterinary Clinic Carpet & Flooring Store Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

6,583
Businesses Nearby

Demographics for 90006, CA

58,229
Population
21,475
Households
2.7
Avg Household Size
36
Median Age
22%
College-Educated
63%
High-School Grad
1.9 sq mi
ZIP Area
30,647
Density / Sq Mi
$49,847
Median Household Income
$31,645
Median Earnings
$1,396
Median Rent
$841,900
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Multifamily property - Income-producing residential property in a transit incentive area with redevelopment-oriented zoning.
Where is this multifamily property located?
The property is located at 965 Dewey Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,290,000.
What are key features of this property?
This property features: R‑4 zoning supports multifamily residential use; 1,772‑square‑foot property built in 1923; Located within a TOC Tier‑3 transit incentive area
More about this property
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