1141 N Mission Rd - Apartments FOR SALE


Los Angeles, CA 90033- Lincoln Heights
$4,100,000 USD
213-802-0305
1141 N Mission Rd, Los Angeles, CA for Sale
$4,100,000 USD
Apartments - FOR SALE
1/48
null | 8.64% Cap Rate

1141 N Mission Rd
Los Angeles, CA 90033
Lincoln Heights


HIGHLIGHTS

  • Located near USC Keck School of Medicine and California State University, Los Angeles.
  • Diversified revenue stream from residential units, commercial space, and signage income.
  • Positioned within the Lincoln Heights neighborhood near Downtown Los Angeles.

OVERVIEW

1141 N Mission Rd presents the opportunity to acquire a multifamily and retail asset in the Lincoln Heights neighborhood of Los Angeles. The property consists of 33 units, including housing accommodations and commercial income components, creating multiple revenue streams within a single investment. Recent ownership improvements include modernized interiors, upgraded electrical and plumbing systems, new HVAC infrastructure, enhanced kitchen facilities, renovated common areas, and outdoor amenity upgrades designed to improve the resident experience. The asset is positioned near major educational institutions including the USC Keck School of Medicine and California State University, Los Angeles, supporting ongoing demand from the area's student population. The location also benefits from access to public transportation, major employment centers, Downtown Los Angeles, Chinatown, and surrounding cultural destinations. Lincoln Heights continues to attract residents seeking proximity to central Los Angeles while maintaining neighborhood connectivity and accessibility. The offering is available at $4,100,000 and is reported with a current cap rate of 8.64%. The property features 30 residential units and three commercial income components, providing diversification within the rent roll. The property's student housing orientation, mixed-use configuration, and strategic infill Los Angeles location position it as a compelling investment opportunity for buyers seeking stable income and long-term value creation within one of Southern California's most supply-constrained markets.

FOR SALE DETAILS

PRICE

$4,100,000 USD

PRICE/SF

$313 USD /SF

# OF UNITS

30

PRICE/UNIT

$136,667

CAP RATE

8.64%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1926

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,682 SF

ZONING

LAM2

APN/PARCEL ID

5210-007-002,5210-007-003

ASK ABOUT THIS PROPERTY

Sagiv RosanoRoman Group LLCMore Info
213-802-0305

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Sagiv RosanoRoman Group LLCMore Info
213-802-0305

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.