5408 Russell Ave - Apartments FOR SALE


Los Angeles, CA 90027- Los Feliz
$4,500,000 USD
818-941-2990
5408 Russell Ave, Los Angeles, CA for Sale
$4,500,000 USD
Apartments - FOR SALE
1/17
null | 6.01% Cap Rate

5408 Russell Ave
Los Angeles, CA 90027
Los Feliz


OVERVIEW

Property Overview & Investment Potential: 5408 Russell Avenue is a well-located multifamily asset positioned in one of Los Angeles’ most desirable rental submarkets. The property offers a compelling combination of stable income potential and long-term appreciation upside. The building consists of mostly large 1+1 units. Units typically benefit from functional layouts, natural light, and steady rental demand driven by the surrounding neighborhood’s strong desirability. Additional highlights include: Consistent occupancy supported by a high-demand rental corridor Potential value-add opportunities through interior renovations and operational efficiencies Favorable lot positioning with accessible parking and urban convenience Strong in-place cash flow with the ability to capture upside on turnover

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$395 USD /SF

# OF UNITS

18

PRICE/UNIT

$250,000

CAP RATE

6.01%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1955

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,397 SF

ZONING

R3

APN/PARCEL ID

5544-007-020

ASK ABOUT THIS PROPERTY

Rick RamirezAlly Commercial Real EstateMore Info
818-941-2990

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Rick RamirezAlly Commercial Real EstateMore Info
818-941-2990

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