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4850 Mascot St 7 Unit Apartment Building $2,123,097 CAD ($303,300 CAD/Unit) 5.77% Cap Rate Los Angeles, CA 90019
Investment Highlights
- Located near intersection of Washington Blvd and La Brea in a prime Mid-City location with convenient access to retail and employment hubs
- The proposed ADU's are nearly RTI. They will be located above the garages and will preserve existing parking
- Newly renovated units come equipped with new appliances, washer/dryers in unit, front and back entrances and amazing views
- Well-balanced unit mix of, 2 bedroom, 1 bedroom, studios, and a bachelor, which is well suited for this Mid-City rental pocket
- Delivered with 2 rent ready upper 2 bed, 1 bath units at the close of escrow.
- Recent improvements include 2 fully renovated units, new exterior paint, and nearly RTI permits for 2 ADU's
Executive Summary
4850 Mascot Street offers investors a strong value-add opportunity in an improving neighborhood seeing continued multifamily development and reinvestment. The property will be delivered with two renovated two-bedroom units vacant at close of escrow, allowing a new owner to capture market rents immediately. Additional upside may be realized through the potential construction of two ADUs above the rear garages with RTI permit status, which could increase rental income by nearly 70% based on current projections and preserve parking. Three occupied units are also rented below market, providing further income growth over time. With immediate rental upside and future development potential, 4850 Mascot Street is a compelling investment opportunity.
Mid-City is a centrally located Los Angeles submarket just north of the 10 Freeway, offering convenient access to the beach, Downtown LA, and major employment hubs, along with a strong mix of nearby restaurants, shopping, and daily amenities along La Brea and Washington Boulevard.
Mid-City is a centrally located Los Angeles submarket just north of the 10 Freeway, offering convenient access to the beach, Downtown LA, and major employment hubs, along with a strong mix of nearby restaurants, shopping, and daily amenities along La Brea and Washington Boulevard.
Property Facts
| Price | $2,123,097 CAD | Building Class | B |
| Price Per Unit | $303,300 CAD | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 4,992 SF |
| Cap Rate | 5.77% | Average Occupancy | 71% |
| Gross Rent Multiplier | 10.87 | No. Stories | 2 |
| No. Units | 7 | Year Built | 1926 |
| Property Type | Multifamily | Parking Ratio | 1/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | LARD1.5 - Restricted Density Multiple Dwelling | ||
| Price | $2,123,097 CAD |
| Price Per Unit | $303,300 CAD |
| Sale Type | Investment |
| Cap Rate | 5.77% |
| Gross Rent Multiplier | 10.87 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.16 AC |
| Building Size | 4,992 SF |
| Average Occupancy | 71% |
| No. Stories | 2 |
| Year Built | 1926 |
| Parking Ratio | 1/1,000 SF |
| Zoning | LARD1.5 - Restricted Density Multiple Dwelling |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | $4,452 CAD | 850 |
| 1+1 | 2 | $3,424 CAD | 850 |
| Studios | 2 | $2,260 CAD | 571 |
| Studios | 1 | $1,781 CAD | 450 |
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Moderately walkable
70/100
Very drivable
80/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5067-012-010 | Improvements Assessment | $356,132 CAD |
| Land Assessment | $1,424,530 CAD | Total Assessment | $1,780,662 CAD |
Property Taxes
Parcel Number
5067-012-010
Land Assessment
$1,424,530 CAD
Improvements Assessment
$356,132 CAD
Total Assessment
$1,780,662 CAD
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4850 Mascot St
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