803 N Detroit Street, Los Angeles, CA 90046

Los Angeles
Local realty services provided by:Better Homes and Gardens Real Estate Property Shoppe
803 N Detroit Street,Los Angeles, CA 90046
$2,200,000
  • 8 Beds
  • 10 Baths
  • 7,583 sq. ft.
  • Multi-family
  • Active
Listed by: jake glaser
Office: lyon stahl investment real estate, inc.310-425-9838
MLS#:26986595
Source:CRMLS

Price summary

  • Price:$2,200,000
  • Price per sq. ft.:$290.12

About this home

803 N Detroit Street, a beautiful 10-unit character multifamily property located just east of West Hollywood near the Fairfax District. Built in 1929, the property features a desirable unit mix of (8) 1BR/1BA units and (2) studio units and is has 1 vacant 1-bedroom unit, providing investors with stable in-place income from day one.The property is offered at an attractive basis of approximately $220,000 per unit, $290 per square foot, a 6.44% cap rate, and a 9.90 GRM. Current rents remain approximately 36% below market, presenting a compelling value-add opportunity for an investor to significantly grow income over time while owning a well-located vintage asset in one of Los Angeles' strongest rental markets. Ownership has completed several meaningful capital improvements in recent years, including the full replacement of the building's rear exterior stairs in 2024 and upgrades to the electrical main panel, breakers and subpanels to a 400-amp Siemens system in 2021, per LADBS records....

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Home facts

  • Year built:1929
  • Listing ID #:26986595
  • Added:51 day(s) ago
  • Updated:October 31, 2026 at 12:44 PM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:10
  • Living area:7,583 sq. ft.

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Year built:1929
  • Building area:7,583 sq. ft.
  • Lot area:0.17 Acres
  • Levels:2 Story

Finances and disclosures

  • Price:$2,200,000
  • Price per sq. ft.:$290.12

Parking

  • Total parking spaces:2
  • Garage:Yes
  • Garage spaces:2
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