Multifamily Property for Sale in Los Angeles, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Los Angeles, CA 90032

Description

Register to bid and access due diligence documents on RealINSIGHT Marketplace: https://rimarketplace.com/auction/3146 Marcus & Millichap and RI Marketplace are pleased to present the opportunity to acquire a multifamily receivership sale located at 5073 Huntington Drive North in Los Angeles' El Sereno neighborhood, Los Angeles County, California 90032 (the "Property"). With a starting bid of $200,000, the offering presents investors with a rare opportunity to acquire a 15-unit, ±6,400 SF studio building at a compelling basis in one of Los Angeles' most supply-constrained and institutionally supported rental markets. Constructed in 2006 and zoned LAC4, the Property consists of 15 studio units across four stories, featuring on-site laundry, a full sprinkler system, and underground parking. The master-metered utility structure provides operational simplicity and offers an incoming owner the ability to implement a Ratio Utility Billing System (RUBS) or similar expense recapture strategy to enhance cash flow and overall asset performance. The efficient, all-studio unit mix caters to a deep and durable renter pool driven by students, medical professionals, and workforce housing demand — all of which are abundantly present in the immediate trade area. The Property is ideally situated along Huntington Drive North, a primary arterial corridor running through El Sereno, one of Los Angeles' most established and geographically central neighborhoods. The site is located just 10 minutes from both Cal State Los Angeles, home to over 21,000 students, and USC's Keck School of Medicine — two of the region's most significant drivers of sustained rental demand. The Property also benefits from excellent connectivity to Downtown Los Angeles and the broader San Gabriel Valley via the regional freeway network. The surrounding trade area features a robust daily-needs retail corridor anchored by Target, Costco Wholesale, Albertsons, Kohl's, LA Fitness, and PetSmart, among others, while nearb

Market Context

This multifamily in Los Angeles, CA is listed for sale. It has been on the market for 65 days. Compare it against other multifamily listings for sale in Los Angeles, CA — <a href="/search/sale/multifamily/california/los-angeles">view the full market</a>.

As of Q1 2026, the Greater Los Angeles multifamily market showed average asking rents near $2333.00/unit/mo, and cap rates around 5.0%. Source: Consensus Q1 2026 market report.

Multifamily market FAQ

What is the typical cap rate for multifamily in Greater Los Angeles?
About 5.0% as of Q1 2026, per Consensus.

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