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1419 Malvern Ave
Los Angeles, CA 90006

$1,150,000 USD

Apartments For Sale  •  5,960 SF

Property Details

  • Property Type Apartments
  • Total Building Size 5,960 SF
  • Lot Size 0.15 AC
  • Building Class C
  • Year Built 1910
  • Cap Rate 4.88 %
  • Zoning RD1.5-1-HPOZ
72 Transit Score
90 Walk Score

Highlights

Attractive Price Per Unit: $162,500/Unit
Tremendous Value Add Opportunity | CAP / Pro Forma CAP: 4.32% / 9.73%
Opportunity for Additional ADU's | GRM / Pro Forma GRM: 11.84 / 7.13
Eight Unit Multifamily | Great Unit Mix
Highly Sought After and Gentrifying Submarket of Pico Union

Financial Summary (Actual)

Net Operating Income: $56,100 USD (2023)
Cap Rate: 4.88 %
Total Expenses: $50,406 USD

Public Transportation

Commuter RailDriveWalkDistance
Los Angeles (Coast Starlight - Amtrak, Pacific Surfliner - Amtrak, Southwest Chief - Amtrak, Texas Eagle - Amtrak) 8 min - 3.7 mi
Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 10 min - 4.0 mi
AirportDriveWalkDistance
Los Angeles International 22 min - 13.2 mi
Bob Hope 24 min - 14.2 mi
Long Beach (Daugherty Field) 30 min - 22.2 mi
Daniel Hirth 310-300-2838 The Hirth Group of KW
Daniel Hirth 310-300-2838 The Hirth Group of KW