4620 Slauson Ave Los Angeles, CA 90230-5178

Property Details for 4620 Slauson Ave

Year built

1988

Construction

WOOD

Lot size

0.52 lot acres

Property size

20,043 SF

Zone code

LAR3

Property type

Apartment buildings

APN

4217-020-041

APU

4217020041

Description

This exceptional 28-unit apartment building, situated on a 0.52-acre lot in Los Angeles, CA, presents a compelling investment opportunity. Built in 1988 and fully renovated in 2015, the property boasts 20,043 square feet of net rentable space, achieving 100% occupancy. The building comprises 14 one-bedroom and 14 two-bedroom units, each featuring modern amenities such as built-in GE/Hotpoint appliances, quartz countertops, upgraded flooring, and central air conditioning with Nest thermostats. Two-bedroom units include in-unit washer/dryers. Residents enjoy convenient access to 30 covered parking spaces, an on-site laundry room, and additional storage. The property's strong financial performance is reflected in its $10,500,000 asking price, $532,278 NOI, and a 5.07% cap rate (5.39% pro-forma). The property is zoned R3-1 and features a gated community with video surveillance. Its prime location in Los Angeles, near Downtown Culver City and the 405 freeway, ensures high demand and consistent rental income. This stabilized investment offers a secure and lucrative return for discerning investors seeking a well-maintained, high-occupancy multifamily property in a desirable location. The property's address is 4620 S Slauson Ave, Los Angeles, CA 90230, APN 4217-020-041.

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Longitude

-118.412

Latitude

33.9971

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments