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10 Bungalow Units with 3 Vacancies 2505-2509 Malabar St 10 Unit Apartment Building $1,712,137 CAD ($171,214 CAD/Unit) 6.70% Cap Rate Los Angeles, CA 90033
Investment Highlights
- 3 units are currently vacant, allowing an investor immediate rental upside.
- Approximately 35% rental upside through interior modernization and operational efficiencies.
- Ten classic 1-bedroom / 1-bath units arranged around a private, gated courtyard create a timeless, highly leasable community feel.
- Prime central-L.A. location just minutes from Downtown, offering strong connectivity and access to major employment hubs, schools, and shopping.
- Boyle Heights continues to outperform with sustained rental demand and historically low turnover.
- Within walking distance to public transportation, neighborhood amenities, and key community institutions.
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 10 one-bedroom, one-bath units, offering investors an attractive value-add opportunity with approximately 35%
rental upside through renovation and repositioning.
3 units are currently vacant, allowing an investor immediate rental upside.
Ideally situated just minutes from Downtown Los Angeles, 2505 Malabar Street 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.
The property is comprised of 10 one-bedroom, one-bath units, offering investors an attractive value-add opportunity with approximately 35%
rental upside through renovation and repositioning.
3 units are currently vacant, allowing an investor immediate rental upside.
Ideally situated just minutes from Downtown Los Angeles, 2505 Malabar Street 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
| Price | $1,712,137 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $171,214 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 6.70% | Building Size | 4,974 SF |
| Gross Rent Multiplier | 9.5 | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1924 |
| Property Subtype | Apartment | ||
| Zoning | RD1.5, Los Angeles - Restricted Density Multiple Dwelling | ||
| Price | $1,712,137 CAD |
| Price Per Unit | $171,214 CAD |
| Sale Type | Investment |
| Cap Rate | 6.70% |
| Gross Rent Multiplier | 9.5 |
| 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 - Restricted Density Multiple Dwelling |
Amenities
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | - | - |
1 1
Very walkable
80/100
Very drivable
80/100
Strong public transit
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5177-020-025 | Improvements Assessment | $616,136 CAD |
| Land Assessment | $492,909 CAD | Total Assessment | $1,109,045 CAD |
Property Taxes
Parcel Number
5177-020-025
Land Assessment
$492,909 CAD
Improvements Assessment
$616,136 CAD
Total Assessment
$1,109,045 CAD
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10 Bungalow Units with 3 Vacancies | 2505-2509 Malabar St
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