2822 S La Salle Ave - Apartments FOR SALE


Los Angeles, CA 90018- West Adams
$1,799,000 USD
323-251-5479
2822 S La Salle Ave, Los Angeles, CA for Sale
$1,799,000 USD
Apartments - FOR SALE
1/32
null | 5.38% Cap Rate

2822 S La Salle Ave
Los Angeles, CA 90018
West Adams


HIGHLIGHTS

  • Fully occupied, income-producing four-unit property in a centrally located S. Los Angeles neighborhood near USC, Exposition Park, Downtown LA, etc.
  • Currently operating at 100% occupancy, the property offers strong in-place income of approximately $8,500 per month.
  • Estimated NOI of approximately $96,832 based on current operations, equating to an approximate 5.4% cap rate for a self-managed owner.

OVERVIEW

2822-2824 S. La Salle Ave presents a rare opportunity to acquire a fully occupied, income-producing four-unit property in a centrally located South Los Angeles neighborhood near USC, Exposition Park, Downtown LA, and major transit corridors. Currently operating at 100% occupancy, the property offers strong in-place income of approximately $8,500 per month and an estimated NOI of approximately $96,832 based on current operations, equating to an approximate 5.4% cap rate for a self-managed owner. Set on an approximately 6,315 sq. ft. lot, the property combines stable day-one cash flow with meaningful long-term upside potential. The unit mix includes spacious 2- and 3-bedroom residences, all of which are well maintained, with two units having been updated in recent years. The property has benefited from consistent collections and long-term tenancy, supporting operational stability and tenant retention. From an investment perspective, the asset offers both immediate income and future optionality. Current ownership operates with an efficient expense structure, and investors may have the opportunity to further optimize performance over time. Additionally, California's evolving ADU regulations continue to create opportunities for additional units on multifamily properties, subject to city approval and site-specific feasibility. Buyer to verify all zoning, use, density, ADU potential, and development possibilities. The property's central location within a growing rental corridor near major employment hubs, universities, public transportation, and ongoing neighborhood investment positions it to benefit from sustained demand. A well-located, stabilized asset delivering strong current income with the potential for future growth and operational upside in one of Los Angeles' most dynamic rental markets. For investors seeking a well-performing asset in a high-demand Los Angeles corridor, this offering delivers both stability and potential. Inquire for details and availability.

FOR SALE DETAILS

PRICE

$1,799,000 USD

PRICE/SF

$416 USD /SF

# OF UNITS

4

PRICE/UNIT

$449,750

CAP RATE

5.38%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1913

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,500 SF

ZONING

LAR1

APN/PARCEL ID

5053-021-011

ASK ABOUT THIS PROPERTY

Scott GoshornRodeo Realty IncMore Info
323-251-5479

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

Scott GoshornRodeo Realty IncMore Info
323-251-5479

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