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10 Courtyard Bungalow Units Boyle Heights 2505-2509 Malabar St 10 Unit Apartment Building $1,744,900 CAD ($174,490 CAD/Unit) 5.50% Cap Rate Los Angeles, CA 90033
INVESTMENT HIGHLIGHTS
- DESIRABLE BOYLE HEIGHTS LOCATION Prime central-L.A. location just minutes from Downtown, offering strong connectivity and access to major employment
- COMPELLING VALUE-ADD OPPORTUNITY Approximately 37% rental upside through interior modernization and operational efficiencies
- Efficient one-bedroom layouts cater to the deep pool of working professionals and students seeking affordable housing near the urban core.
EXECUTIVE SUMMARY
Darin Spillman at Kidder Mathews is pleased to present 2505 Malabar Street, a ten-unit courtyard bungalow-style apartment community
located in the heart of Boyle Heights, one of Los Angeles’ most dynamic and centrally connected neighborhoods.
The property is comprised of ten one-bedroom, one-bath units, offering investors an attractive value-add opportunity with approximately 37% rental upside through renovation and repositioning.
Ideally situated just minutes from Downtown Los Angeles, 2505 Malabar benefits from strong renter demand driven by the area’s high population density, walkable amenities, and access to major transportation corridors. The classic bungalow design and efficient one-bedroom layouts appeal to a broad tenant base, ensuring continued ease of leasing and long-term income stability.
located in the heart of Boyle Heights, one of Los Angeles’ most dynamic and centrally connected neighborhoods.
The property is comprised of ten one-bedroom, one-bath units, offering investors an attractive value-add opportunity with approximately 37% rental upside through renovation and repositioning.
Ideally situated just minutes from Downtown Los Angeles, 2505 Malabar benefits from strong renter demand driven by the area’s high population density, walkable amenities, and access to major transportation corridors. The classic bungalow design and efficient one-bedroom layouts appeal to a broad tenant base, ensuring continued ease of leasing and long-term income stability.
PROPERTY FACTS In Escrow
| Price | $1,744,900 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $174,490 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 5.50% | Building Size | 4,974 SF |
| Gross Rent Multiplier | 10.7 | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1924 |
| Property Subtype | Apartment | ||
| Zoning | RD1.5, Los Angeles | ||
| Price | $1,744,900 CAD |
| Price Per Unit | $174,490 CAD |
| Sale Type | Investment |
| Cap Rate | 5.50% |
| Gross Rent Multiplier | 10.7 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 4,974 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1924 |
| Zoning | RD1.5, Los Angeles |
AMENITIES
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 10 | - | - |
1 1
Walk Score®
Very Walkable (85)
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10 Courtyard Bungalow Units Boyle Heights | 2505-2509 Malabar St
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