Property summary
This exceptional 16-unit apartment building, situated on a 10,494 sq ft lot in the highly desirable Los Feliz neighborhood (90027), presents a compelling investment opportunity. Built in 1951, this two-story building boasts 9,920 square feet and features twelve one-bedroom/one-bathroom units and four studio/one-bathroom units. The units are well-maintained, many featuring original oak flooring, tiled kitchens and baths, and abundant storage. Twelve parking spaces are available, including six… garages and six surface spaces. Recent capital improvements include a completed soft-story retrofit (2019), new handrails (2021), and new plumbing (2010). The property also includes a common laundry room and separate gas and electric meters for each unit, minimizing operating expenses. Currently operating at 94% occupancy, the property generates a NOI of $179,992, with a pro-forma NOI of $274,892 and a pro-forma cap rate of 7.64%. The asking price is $3,600,000 ($225,000 per unit and $362.90 per square foot). This property offers significant value-add potential through progressive management practices, cosmetic upgrades, and the implementation of RUBS utility billing. Its prime location near Hollywood Boulevard, Vermont Avenue, and Hillhurst Avenue, along with its proximity to numerous employment centers, entertainment venues, and cultural destinations, ensures strong rental demand and long-term appreciation. The property is zoned LARD1.5.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2024
Value estimate
· Sep 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 18 properties nearbyComparable nearby
Similar Nearby for Sale
Similar in This City for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 9,920 SF
- Lot area
- 0.24 ac
- Year built
- 1951
- APN
- 5589-033-042
- Zoning
- LARD1.5
- Assessed value · 2024
- $735,320
- Annual tax · 2024
- $10,472
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
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- Value Estimation
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- Cap Rate Calculation
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- Alternative use
- Local Zoning Insight
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