$1,680,000

Estimated payment $10,552/month

24 Beds
12 Baths
10,306 Sq Ft
$163 Price per Sq Ft

About This Home

The subject property is a 12-unit multifamily apartment complex located in South Central Los Angeles on Western Avenue between Gage and Florence Avenues. The building encompasses approximately 10,306 square feet and is comprised of (11) two-bedroom, one-bathroom units and (1) three-bedroom apartment. Constructed in 1962, the asset sits on a 9,097-square-foot corner lot. The property exhibits noticeable deferred maintenance, and current rents remain well below market averages. The building's scheduled monthly income is $17,316, including a projected rent of $1,995 for the vacant unit. This offering is well-suited for value-add investors seeking an opportunity to implement strategic renovations, pursue cash-for-keys agreements where appropriate, and reposition the units at market rent levels upon turnover.

Listing Agent

Jerome McAlpin

McAlpin & Company License #00939725 Listed on: 11/25/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Parking

  • Attached Carport

Interior Spaces

  • 10,306 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 24 Bedrooms
  • 12 Bathrooms

Additional Features

  • 9,097 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 12 Units

Listing and Financial Details

  • Assessor Parcel Number 6015-005-029

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 10306
  • Lot Acreage: 0.2088
  • Stories: 2
  • Year Built: 1962
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 24
  • Total Bathrooms: 12.00
  • Price Per S Q F T: 163.01

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Carport Attached

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 54.02
  • Assessed Improvement Value: 407403
  • Assessed Land Percent: 45.98
  • Assessed Land Value: 346722
  • Total Assessed Value: 754125
  • Assessor Parcel Number: 6015-005-029
  • Lot Size Area: 9097

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114, 2115
  • Gross Rent Multiplier: 8.08
  • Number Of Units: 12
  • Type Of Units: Apartments

Map

Range of Values:

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List Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/25/2025 11/25/25 For Sale $1,680,000 -- $163 / Sq Ft
Source: The MLS

Source: The MLS

MLS Number: 25622787

The MLS