4196 5th Ave - Apartments FOR SALE


Los Angeles, CA 90008- Leimert Park
$1,450,000 USD
310-779-9929
4196 5th Ave, Los Angeles, CA for Sale
$1,450,000 USD
Apartments - FOR SALE
1/62
null | 5.68% Cap Rate

4196 5th Ave
Los Angeles, CA 90008
Leimert Park


HIGHLIGHTS

  • Excellent in-place cap rate of 5.68%
  • In place rents are approximately 43% under market
  • 2 units delivered vacant
  • The property has 6 garages, that have potential to be converted into 1-2 ADUs
  • Opportunity to implement RUBS program
  • All units are extremely spacious with very high ceilings and old Hollywood aesthetics

OVERVIEW

True North CRE of Compass Commercial, as the exclusive listing agent, is pleased to present 4916 5th Avenue—a well-maintained, value-add 6-unit multifamily offering located in the culturally rich and revitalizing Leimert Park neighborhood of Los Angeles. The property consists of six spacious 1-bedroom/1-bathroom units across 5,844 square feet of rentable space, situated on a 7,353 square-foot R3-1 zoned lot. Constructed in 1939, this classic property offers a rare opportunity to invest in one of South LA's most dynamic submarkets. Ownership will benefit from strong in-place income and operational efficiency. Each unit is individually metered for gas and electricity, minimizing landlord responsibilities, which are limited to water, trash, and common-area electricity. On- site amenities include six private garages which may be converted into 1-2 ADUs and additional uncovered parking. Situated near the 10 and 10 Freeways and within minutes of the Crenshaw/LAX Metro Line, the property offers seamless connectivity to major employment centers including Downtown Los Angeles, Culver City, Santa Monica, and Inglewood. Residents also enjoy close proximity to neighborhood landmarks such as Leimert Plaza Park, the Vision Theatre, and a growing selection of local dining and retail options. With its combination of character, cash flow, and long-term upside, 4196 5th Avenue is a rare opportunity for investors seeking stable returns and future growth in one of South LA's most iconic and evolving neighborhoods.

FOR SALE DETAILS

PRICE

$1,450,000 USD

PRICE/SF

$248 USD /SF

# OF UNITS

6

PRICE/UNIT

$241,667

CAP RATE

5.68%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1939

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,275 SF

ZONING

LAR3

APN/PARCEL ID

5023-022-016

ASK ABOUT THIS PROPERTY

John SwartzCompass CommercialMore Info
310-779-9929

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John SwartzCompass CommercialMore Info
310-779-9929

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