1811 W. 5th Street is a 12-unit multifamily community in the Westlake district just west of Downtown Los Angeles, one of the densest and most transit-served rental submarkets in Los Angeles County. Built in 1990, the property is exempt from city of Los Angeles rent control and the property totals approximately 8,088 gross square feet (8,040 estimated net rentable) across a uniform mix of twelve two-bedroom/one-bath units. The property benefits from a uniform two-bedroom configuration, an infill Westlake location minutes from the Downtown Los Angeles employment core, the Wilshire/Westlake Metro corridor, and Koreatown, and a chronic shortage of housing supply across central Los Angeles. Offered at $3,595,000 which represents an in-place 6.50% cap rate, 1811 W 5th Street is positioned against a set of similar vintage recent Central Los Angeles multifamily sales that traded from $330,000 to $364,286 per unit at actual cap rates of 5.40% to 6.35%.