200+ Apartments Portfolio w/ 5 Buildings
West Adams - Boyle Heights, Los Angeles
West Adams & Boyle Heights Portfolio
Number of Units
207
Number of Properties
5
Total Building SF
55,179
Total Land Size
48,205
Sale Price
$26,600,000
Cap Rate
7.89%
NOI
$2,098,124
Occupancy (blended)
95.00%
Gross Rent Multiplier
7.44
 
Investment Highlights
Diverse High-Yield Portfolio in Strategic Emerging Markets: This offering presents a rare opportunity to acquire a substantial 207-unit residential portfolio comprised of five properties located in the high-demand West Adams and Boyle Heights submarkets. With a competitive sale price of $26,600,000, the portfolio delivers an impressive 7.89% Cap Rate and a Net Operating Income (NOI) of $2,098,124. These properties are strategically positioned within rapidly evolving neighborhoods of Los Angeles, providing investors with immediate scale and a strong foothold in some of the city's most talked-about rental corridors.
Turn-Key Assets with Significant Recent Capital Improvements: Investors can benefit from a "turn-key" investment, as all five buildings have undergone extensive renovations between 2017 and 2025. These modern upgrades minimize immediate capital expenditure requirements and allow for premium rent positioning in their respective markets. Specifically, properties like The Silver on Soto (renovated in 2025) and Soto Rose Apartments (renovated in 2022) showcase the high-quality finish levels that drive the portfolio’s current blended occupancy of 95%.
Substantial Built-In Upside and Revenue Growth Potential: While the portfolio is already performing strongly, there is a clear path to increased valuation through a $314,476 spread between current and pro forma Net Operating Income. A comparison of actual versus market rents reveals significant "mark-to-market" opportunities, particularly at properties like West Adams Studios, where current monthly income is $46,849 compared to a market potential of $62,878. By aligning rents with market rates as leases expire, a new owner can significantly enhance the portfolio's yield and long-term asset value.
Strong Tenant Demand Driven by Favorable Renter Demographics: The portfolio is insulated by incredibly strong submarket fundamentals, particularly in the 1-mile radius where a staggering 80% of the housing stock is renter-occupied. The area attracts a youthful, professional demographic, with nearly 28% of the population falling between the ages of 30 and 39. Furthermore, the population in a 3-mile radius is projected to grow by 1.8% by 2031, ensuring a steady and increasing pool of prospective tenants for years to come.
Exceptional Cash Flow Stability and Section 8 Integration: This portfolio offers a balanced income stream that combines traditional market tenants with stable, government-subsidized revenue. For example, the Soto Rose Apartments generate a significant portion of income—$183,231 annually—from Section 8 vouchers, providing a recession-resistant cash flow component. When combined with additional revenue streams such as parking, utility fees, and laundry, the portfolio produces a robust and diversified income profile that supports a strong Debt Coverage Ratio (DCR) across all assets.
Casas on Cordova Street
1864 Cordova Street, Los Angeles, CA 90007
$7,500,000
Number of Units
47
Land SF
13,398
Year Renovated
2023
Building SF
11,024
Year Built
1956
27th Street Apartments
440 E 27th Street, Los Angeles, CA 90011
$3,150,000
Number of Units
23
Land SF
6,250
Year Renovated
2023
Building SF
7,312
Year Built
1925
The Silver on Soto Apartments
323 N Soto Street, Los Angeles, CA 90033
$4,000,000
Number of Units
40
Land SF
6,991
Year Renovated
2025
Building SF
10,364
Year Built
1929
West Adams Studios
4905 W Adams Blvd, Los Angeles, CA 90016
$4,950,000
Number of Units
36
Land SF
13,646
Year Renovated
2017
Building SF
8,299
Year Built
1964
Soto Rose Apartments
150 N Soto Street, Los Angeles, CA 90033
$7,000,000
Number of Units
61
Land SF
7,920
Year Renovated
2022
Building SF
18,180
Year Built
1930