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2744 S Redondo Blvd 4 Unit Apartment Building $2,166,010 CAD ($541,503 CAD/Unit) 5.90% Cap Rate Los Angeles, CA 90016
Investment Highlights
- Desirable unit mix, consisting of (4) 3 Bed/1 Bath Units, spread out over 4,372 Square Feet
- Conveniently located in West Adams, in close proximity to trendy coffee shops, restaurants, and major metropolitan hubs
- Going-in cap rate of 5.90%, offering approximately 24% rental upside through rent increases and potential addition of ADUs (Buyer to Verify)
Executive Summary
2744 S Redondo Boulevard presents an opportunity to acquire a well-located 4-unit multifamily property in the desirable West Adams neighborhood of Los Angeles. The
property features a highly desirable unit mix consisting of (4) 3 bedroom/1 bath units, currently generating just over $11,000 in monthly rental income. Priced at $398,750 per unit and $364.82 per square foot, the property provides investors with an opportunity to acquire a large-unit asset in one of Los Angeles’ most sought-after rental submarkets. The property is currently operating at a 5.90% cap rate with approximately 24% rental upside, presenting meaningful potential to increase cash flow through rent growth. The property is ideally located in West Adams, offering convenient access to Downtown Los Angeles, University of Southern California, and major transportation corridors including Interstate 10 and Interstate 110, providing connectivity to major employment, retail, and entertainment destinations throughout Los Angeles.
property features a highly desirable unit mix consisting of (4) 3 bedroom/1 bath units, currently generating just over $11,000 in monthly rental income. Priced at $398,750 per unit and $364.82 per square foot, the property provides investors with an opportunity to acquire a large-unit asset in one of Los Angeles’ most sought-after rental submarkets. The property is currently operating at a 5.90% cap rate with approximately 24% rental upside, presenting meaningful potential to increase cash flow through rent growth. The property is ideally located in West Adams, offering convenient access to Downtown Los Angeles, University of Southern California, and major transportation corridors including Interstate 10 and Interstate 110, providing connectivity to major employment, retail, and entertainment destinations throughout Los Angeles.
Property Facts
| Price | $2,166,010 CAD | Property Subtype | Apartment |
| Price Per Unit | $541,503 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 5.90% | Building Size | 4,372 SF |
| Gross Rent Multiplier | 11.8 | No. Stories | 2 |
| No. Units | 4 | Year Built | 1931 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Zoning | LARD1.5 | ||
| Price | $2,166,010 CAD |
| Price Per Unit | $541,503 CAD |
| Sale Type | Investment |
| Cap Rate | 5.90% |
| Gross Rent Multiplier | 11.8 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 4,372 SF |
| No. Stories | 2 |
| Year Built | 1931 |
| Opportunity Zone |
Yes |
| Zoning | LARD1.5 |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 5049-025-005 | Improvements Assessment | $246,420 CAD |
| Land Assessment | $821,422 CAD | Total Assessment | $1,067,841 CAD |
Property Taxes
Parcel Number
5049-025-005
Land Assessment
$821,422 CAD
Improvements Assessment
$246,420 CAD
Total Assessment
$1,067,841 CAD
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2744 S Redondo Blvd
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