2105 Keith St - Apartments FOR SALE


Los Angeles, CA 90031- Lincoln Heights
$900,000 USD
310-494-6368
2105 Keith St, Los Angeles, CA for Sale
$900,000 USD
Apartments - FOR SALE
1/17
null | Request Cap Rate

2105 Keith St
Los Angeles, CA 90031
Lincoln Heights


HIGHLIGHTS

  • Craftsman style 4-unit building in Lincoln Heights. Unit mix consists of (4) 1BR/1BA units averaging 783 SF
  • Perfect owner-user opportunity with one of the units (2105) vacating by 12/1/2025 via cash-for-keys
  • Large 7,512 SF lot (approx. 50’ x 150’) with a vacant backyard pad (70’ x 50’) perfect for additional units
  • Can build up to (4) detached ADUs per CA state SB-1211. Separately metered for gas and electricity
  • Nearby to the USC Health Sciences Campus and Los Angeles General Medical Center
  • Minutes from Highland Park, Echo Park, and Boyle Heights - all strong rental submarkets with thriving culinary and entertainment scenes

OVERVIEW

The Glaser Group is pleased to present 2105 Keith Street, a charming Craftsman-style 4-unit apartment building located in the historic Lincoln Heights neighborhood of Los Angeles. One of the units will be delivered vacant by 12/1/2025, perfect for an owner-user. The property is situated on a 7,512 square foot lot (approx. 50’ x 150’) and features a unit mix of (4) one-bedroom/one-bath units averaging a spacious 783 square feet each. A vacant backyard pad measuring approximately 70’ x 50’ provides a unique opportunity for additional density, including the potential to construct up to four (4) detached ADUs under California state law SB-1211 (buyer to verify). The property also offers investors a compelling value-add opportunity, with three out of the four units currently leased at below-market rents with more than 63% rental upside - achievable through renovations and lease turnover. The building is separately metered for gas and electricity, reducing operating costs for ownership. Ideally located, 2105 Keith Street sits just minutes from the USC Health Sciences Campus and Los Angeles General Medical Center, two of the area’s largest employment hubs. The property is also a short drive from Highland Park, Echo Park, and Boyle Heights, three of LA’s strongest rental submarkets, providing sustained tenant demand. Offered at $900,000, which equates to $225,000 per unit and $287 per square foot, 2105 Keith Street presents investors with an extremely attractive basis and clear paths to drive future value. With its Craftsman character, strong submarket fundamentals, substantial rental upside, and unique ADU development potential, this is a rare Lincoln Heights multifamily opportunity suited for both seasoned investors and new buyers alike.

FOR SALE DETAILS

PRICE

$900,000 USD

PRICE/SF

$287 USD /SF

# OF UNITS

4

PRICE/UNIT

$225,000

CAP RATE

Request Cap Rate

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1890

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,512 SF

ZONING

LARD1.5

APN/PARCEL ID

5211-010-016

ASK ABOUT THIS PROPERTY

Jake GlaserLyon Stahl Investment Real EstateMore Info
310-494-6368

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Jake GlaserLyon Stahl Investment Real EstateMore Info
310-494-6368

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