Outstanding Investment Opportunity with a current cap rate of 7.18 – 5-Unit Apartment Building located in Graduate Hospital. This is a neighborhood where buildings of this size in shell condition go for over $600,00 and you can buy a turnkey investment opportunity for $699,500. This is a building has a stable tenant base with long-term residents, ensuring a consistent and dependable rental income stream, while also offering potential for increased value through higher rents. The current rents are below market, current gross income is $65,340 all tenants pay on time every month like clockwork and all utilities are separated expect cold water . Situated on a desirable Christian Street near restaurants, parks, and public transportation, the property provides exceptional walkability and convenience for tenants. A superb asset for any investment portfolio, this building offers immediate income as well as strong potential for future appreciation. Graduate Hospital neighborhood ratings:
• Walk Score: 95 (Walker’s Paradise – daily errands can be accomplished without a car)
• Transit Score: 85 (Excellent Transit – public transportation is convenient for most trips)
• Bike Score: 94 (Biker’s Paradise – daily errands can be easily completed on a bike)
These impressive scores make the area highly attractive to both renters and investors
The income description goes here to explain
| List Price | $699,500 |
| Property Type | Multi-Family |
| Usable Sqft | Unknown |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1900 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 881111875 |
| MLS # | PAPH2552502 |
| Property ID | 322330090 |
| Lot Sqft | 1,117 |
| Zoning | RM1 |
| Total Units | 5 |
| Days on Market | 51 |
| Original List Price | Unknown |
| Date Updated | December 17, 2025 |
| Date Created | November 04, 2025 |
Financials not available online. Please inquire with your agent for more details.
Richard B Moore an agent of Best City Homes Inc. Lic #RM419421
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2708 Wilshire Blvd #197
Santa Monica, CA 90403
California #02062862
Florida #CQ1065233
Robert Crawford
REAL ESTATE AGENT