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3125 S Durango Ave 8 Unit Apartment Building $2,550,000 ($318,750/Unit) 6.07% Cap Rate Los Angeles, CA 90034
INVESTMENT HIGHLIGHTS
- Excellent Unit Mix: (2) 3-Bed / 2-Bath, (2) 2-Bed / 1.5-Bath, (2) 2-Bed / 1-Bath, (2) 1-Bed / 1-Bath
- 5.86% CAP
- 11.05 GRM
EXECUTIVE SUMMARY
RE/MAX One Commercial is pleased to present this rare 8-unit multifamily
investment opportunity located at 3125 S Durango Ave, situated in the highly
desirable Palms neighborhood of West Los Angeles. Built in 1957, the property
features 7,376 sq. ft. of rentable space on a spacious 8,001 sq. ft. lot zoned LAR3
—offering immediate income with significant value-add potential.
The unit mix includes two 3-bedroom, 2-bath units; two 2-bedroom, 1.5-bath
units; two 2-bedroom, 1-bath units; and two 1-bedroom, 1-bath units—an ideal
configuration for maximizing rentability across a variety of tenant profiles.
The property includes 8 on-site parking spaces within a detached garage structure,
with no seismic retrofit required. The detached parking area offers prime ADU
conversion potential (buyer to verify), presenting an opportunity to increase unit
count and rental income.
Current rents are well below market, offering a 29% rental upside through interior
renovations and ADU expansion. Located just minutes from Downtown Culver
City, Sony Studios, and the Expo Line, this is a strategic Westside asset with both
immediate and long-term investment potential.
investment opportunity located at 3125 S Durango Ave, situated in the highly
desirable Palms neighborhood of West Los Angeles. Built in 1957, the property
features 7,376 sq. ft. of rentable space on a spacious 8,001 sq. ft. lot zoned LAR3
—offering immediate income with significant value-add potential.
The unit mix includes two 3-bedroom, 2-bath units; two 2-bedroom, 1.5-bath
units; two 2-bedroom, 1-bath units; and two 1-bedroom, 1-bath units—an ideal
configuration for maximizing rentability across a variety of tenant profiles.
The property includes 8 on-site parking spaces within a detached garage structure,
with no seismic retrofit required. The detached parking area offers prime ADU
conversion potential (buyer to verify), presenting an opportunity to increase unit
count and rental income.
Current rents are well below market, offering a 29% rental upside through interior
renovations and ADU expansion. Located just minutes from Downtown Culver
City, Sony Studios, and the Expo Line, this is a strategic Westside asset with both
immediate and long-term investment potential.
PROPERTY FACTS
| Price | $2,550,000 | Apartment Style | Low-Rise |
| Price Per Unit | $318,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.18 AC |
| Cap Rate | 6.07% | Building Size | 7,376 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 97% |
| Gross Rent Multiplier | 10.77 | No. Stories | 2 |
| No. Units | 8 | Year Built | 1957 |
| Property Type | Multifamily | Parking Ratio | 0.75/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R3-1. Los Angeles | ||
| Price | $2,550,000 |
| Price Per Unit | $318,750 |
| Sale Type | Investment |
| Cap Rate | 6.07% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 10.77 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 7,376 SF |
| Average Occupancy | 97% |
| No. Stories | 2 |
| Year Built | 1957 |
| Parking Ratio | 0.75/1,000 SF |
| Zoning | R3-1. Los Angeles |
AMENITIES
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | - | - |
| 2+1.5 | 4 | - | - |
| 3+1.5 | 2 | - | - |
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Walk Score®
Very Walkable (77)
Bike Score®
Very Bikeable (82)
PROPERTY TAXES
| Parcel Number | 4311-026-005 | Improvements Assessment | $998,890 |
| Land Assessment | $1,024,564 | Total Assessment | $2,023,454 |
PROPERTY TAXES
Parcel Number
4311-026-005
Land Assessment
$1,024,564
Improvements Assessment
$998,890
Total Assessment
$2,023,454
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3125 S Durango Ave
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