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Park Terrace Apartments 504 S La Fayette Park Pl 51 Unit Apartment Building $15,195,599 CAD ($297,953 CAD/Unit) 5.26% Cap Rate Los Angeles, CA 90057
Investment Highlights
- Located in Rampart Village with excellent accessibility to US-101, I-10, Downtown Los Angeles, and Koreatown.
- Exceptional public transit score (90/100) with nearby Metro lines, promoting strong renter demand.
- Features 51 units across three stories with unit mix including studios, 1-bedroom, and 2-bedroom options.
- Walkable neighborhood with nearby retail, dining, and services ideal for urban living.
Executive Summary
504 S La Fayette Park Pl offers investors a rare opportunity to acquire a stabilized multifamily asset in the high-demand Rampart Village submarket of Los Angeles. The three-story, 51-unit property is well-positioned near the heart of the city, featuring easy access to Downtown Los Angeles, Koreatown, and the Wilshire Center corridor. Proximity to major freeways, including US-101 and I-10, as well as multiple Metro transit lines, enhances resident mobility and sustains long-term rental demand.
Property Facts
| Price | $15,195,599 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $297,953 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.47 AC |
| Cap Rate | 5.26% | Building Size | 40,632 SF |
| No. Units | 51 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1979 |
| Property Subtype | Apartment | Parking Ratio | 2.46/1,000 SF |
| Zoning | CR | ||
| Price | $15,195,599 CAD |
| Price Per Unit | $297,953 CAD |
| Sale Type | Investment |
| Cap Rate | 5.26% |
| No. Units | 51 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.47 AC |
| Building Size | 40,632 SF |
| No. Stories | 3 |
| Year Built | 1979 |
| Parking Ratio | 2.46/1,000 SF |
| Zoning | CR |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Heating
- Kitchen
- Refrigerator
- Range
Site Amenities
- 24 Hour Access
- Fitness Center
- Laundry Facilities
- Security System
- Racquetball Court
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 9 | - | 500 - 600 |
| 1+1 | 33 | - | 800 - 900 |
| 2+2 | 9 | - | - |
1 1
Very walkable
80/100
Moderately drivable
70/100
Exceptional public transit
90/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 5155-019-003 | Improvements Assessment | $9,057,265 CAD |
| Land Assessment | $3,534,539 CAD | Total Assessment | $12,591,804 CAD |
Property Taxes
Parcel Number
5155-019-003
Land Assessment
$3,534,539 CAD
Improvements Assessment
$9,057,265 CAD
Total Assessment
$12,591,804 CAD
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Park Terrace Apartments | 504 S La Fayette Park Pl
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