Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Type

Apartment

Bedrooms

6

Building size

3,922 sqft

Lot size

6,350 sqft

Year built

1929

Stories

2

Garage spaces

4

Pool

None

Status

Active

Days on market

165

MLS #

247319689

About this property

545 Eastmont Ave is a 6-unit apartment building in East Los Angeles, constructed in 1929. The property offers 3,922 rentable square feet on a 6,350 square foot lot. It features a total of (4) one bedroom units and (2) studio units. Located near major thoroughfares like Whittier Boulevard and Atlantic Boulevard, the property is at the heart of East LA, a community known for its rich cultural identity and strong neighborhood ties. The area offers a mix of local retail, schools, public transportation, and amenities, contributing to long-term tenant demand. With easy access to the 60, 5, and 710 freeways, the property is well-connected to Downtown LA, Commerce, Monterey Park, and surrounding cities, making it appealing to commuters. This strategic location supports consistent rental demand and convenient access to nearby employment hubs. The property features a total of (4) one bedroom units and (2) studio units. Studios and one bedroom units are often easier to rent out than larger units, making them less likely to experience vacancy periods. Additionally, they are typically less expensive to maintain and can be a more affordable option for tenants, making them a popular choice in certain markets. 545 Eastmont Ave offers a compelling investment opportunity in a centrally located, supply-constrained market. Its accessibility, strong community presence, and diverse tenant appeal position it for stable income and long-term growth potential.

Location

545 Eastmont Avenue

Los Angeles, Los Angeles, CA, 90022