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934 Centennial St - 3-Units Near Dodger Stadium & Echo Park 3 Unit Apartment Building Offered at $1,535,512 CAD at a 6.96% Cap Rate Los Angeles, CA 90012
INVESTMENT HIGHLIGHTS
- 100% vacant, allowing new ownership to immediately re-tenant at market rents
- With a Walk Score of 80 (“Very Walkable”), most daily errands can be accomplished on foot
- Long-Term Ownership - Owned and operated for the past 10 years
- Situated in a dense pocket between DTLA and Echo Park, offering residents convenient access to dining, entertainment, and major employment centers
- Close to Dodger Stadium, a premier Los Angeles landmark and key venue for the 2028 Summer Olympics
EXECUTIVE SUMMARY
The SR Group of Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale a 3-unit apartment community located at 934 Centennial Street. The subject property is situated east of Sunset Boulevard and just north of the 110 and 101 Freeways interchange, in the neighborhood immediately adjacent to Dodger Stadium.
Positioned on a 6,750-square-foot parcel, the property is comprised of one one-bedroom unit, one two-bedroom unit, and one four-bedroom unit. The property is currently vacant, allowing new ownership to re-tenant and achieve market rents. Additionally, the property offers four on-site parking spaces, a valuable amenity in a neighborhood where parking is in limited supply.
The property benefits from close proximity to Downtown Los Angeles and Echo Park, offering residents convenient access to dining, entertainment, and major employment centers.
Downtown Los Angeles and Echo Park continue to experience significant investment and revitalization, driving sustained neighborhood growth and strong demand for housing. 934 Centennial Street is well-positioned to capitalize on this ongoing expansion and the strengthening of these sought-after submarkets.
PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS.
Income and Expenses are based entirely off projections and do not represent the current performance of the property.
Positioned on a 6,750-square-foot parcel, the property is comprised of one one-bedroom unit, one two-bedroom unit, and one four-bedroom unit. The property is currently vacant, allowing new ownership to re-tenant and achieve market rents. Additionally, the property offers four on-site parking spaces, a valuable amenity in a neighborhood where parking is in limited supply.
The property benefits from close proximity to Downtown Los Angeles and Echo Park, offering residents convenient access to dining, entertainment, and major employment centers.
Downtown Los Angeles and Echo Park continue to experience significant investment and revitalization, driving sustained neighborhood growth and strong demand for housing. 934 Centennial Street is well-positioned to capitalize on this ongoing expansion and the strengthening of these sought-after submarkets.
PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS.
Income and Expenses are based entirely off projections and do not represent the current performance of the property.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $1,535,512 CAD | Property Type | Multifamily |
| Price Per Unit | $511,837 CAD | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 2,751 SF |
| Cap Rate | 6.96% | No. Stories | 1 |
| Gross Rent Multiplier | 11.25 | Year Built | 1911 |
| No. Units | 3 | Parking Ratio | 1.45/1,000 SF |
| Zoning | LAR4 | ||
| Price | $1,535,512 CAD |
| Price Per Unit | $511,837 CAD |
| Sale Type | Investment |
| Cap Rate | 6.96% |
| Gross Rent Multiplier | 11.25 |
| No. Units | 3 |
| Property Type | Multifamily |
| Lot Size | 0.15 AC |
| Building Size | 2,751 SF |
| No. Stories | 1 |
| Year Built | 1911 |
| Parking Ratio | 1.45/1,000 SF |
| Zoning | LAR4 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 2+1 | 1 | - | - |
| 4+1 | 1 | - | - |
1 1
Walk Score®
Very Walkable (78)
Transit Score®
Excellent Transit (80)
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934 Centennial St - 3-Units Near Dodger Stadium & Echo Park
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