5005 Axtell St - Apartments FOR SALE


Los Angeles, CA 90032- Monterey Hills
$2,448,000 USD
626-331-1234
5005 Axtell St, Los Angeles, CA for Sale
$2,448,000 USD
Apartments - FOR SALE
1/5
null | 4.78% Cap Rate

5005 Axtell St
Los Angeles, CA 90032
Monterey Hills


HIGHLIGHTS

  • 12-unit multifamily asset in the El Sereno neighborhood of Los Angeles, featuring a desirable mix of ten 2-bedroom units, one 1-bedroom unit, and one
  • Value-add investment opportunity with significant rental upside, offering a projected increase in net operating income through market-rate repositioni
  • Approximately 9,312 SF of improvements situated on an 11,342 SF lot zoned LARD3.
  • Strong infill location near Cal State LA, Downtown Los Angeles, Dodger Stadium, and major regional freeway corridors.
  • Fully occupied property with stable in-place cash flow and a historically proven multifamily rental market.
  • Attractive Los Angeles housing submarket supported by proximity to employment centers, higher education institutions, dining, entertainment, and more.

OVERVIEW

Located in the heart of El Sereno, 5005 Axtell St presents a prime opportunity to acquire a 12-unit multifamily property in a well-positioned Los Angeles neighborhood. Built in 1963, the property features a strong unit mix consisting of (10) two-bedroom/one-bathroom units, (1) one-bedroom/one-bathroom unit, and (1) studio unit. The building spans 9,312 square feet on an 11,342 square foot lot, offering ample living space for tenants. Situated in a desirable residential area, the property benefits from proximity to Cal State LA, Downtown Los Angeles, Dodger Stadium, and major freeways, providing convenient access to employment hubs, dining, and entertainment. This property presents an excellent investment opportunity for both seasoned and new multifamily investors.

FOR SALE DETAILS

PRICE

$2,448,000 USD

PRICE/SF

$263 USD /SF

# OF UNITS

12

PRICE/UNIT

$204,000

CAP RATE

4.78%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Axtell Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,326 SF

ZONING

LARD3

APN/PARCEL ID

5218-011-024

ASK ABOUT THIS PROPERTY

Jag SinghKW COMMERCIALMore Info
626-331-1234

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Jag SinghKW COMMERCIALMore Info
626-331-1234

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