2617 Jeffries Ave — Sale in Los Angeles, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Los Angeles, CA 90065

Investment Figures

Cap rate
6.13%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present the opportunity to acquire 2617 Jeffries Avenue, an 8-unit apartment building located in the Cypress Park neighborhood of Los Angeles. Built in 1913, this two-story property is situated on a 7,088 square foot lot and features 5,040 square feet of rentable space. The property is composed of five studio units and three 1 bed/1 bath units which have all received upgraded flooring, bathrooms, kitchen cabinets and countertops, and appliances. In addition to the interior upgrades, the property also offers full copper plumbing, a newer roof (2023), two water heaters, new metal awnings, new iron fencing, new insulation at attic, new hardscaping, and upgraded electrical systems with 5 of 8 units having newer subpanels. Tenants enjoy the benefits of on-site laundry and secure access. The property is master metered for gas and electricity. Located just east of San Fernando Rd., west of Figueroa St. and north of the 5 Freeway, 2617 Jeffries Ave. is conveniently Located near many other northeast Los Angeles neighborhoods such as Mount Washington, Montecito Heights, Highland Park, Eagle Rock, Glassell Park and Atwater Village. Its location also provides easy access to Elysian Valley & Park, Lincoln Heights, Chinatown, Echo Park, Silver Lake and many more neighborhoods. Some notable destinations near the property include Los Angeles River Center & Gardens, Dodger Stadium, Frogtown, Florence Nightingale Middle School and Rio Del Los Angeles State Park. Investment Highlights: • Well Maintained Turn-Key Property • Renovated Units • Copper Plumbing, New Roof, and Updated Electrical • Spacious Units • High Rental Demand Area

Market Context

This multifamily in Los Angeles, CA is listed for sale. It is offered at an approximate 6.1% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 100 days. Compare it against other multifamily listings for sale in Los Angeles, CA — view the full market.

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: multiple brokerage reports, Q1 2026.

Its 6.1% asking cap rate is above the Greater Los Angeles multifamily market average of about 5.0%, implying a higher yield (and typically more risk or upside) than comparable assets.

Multifamily market FAQ

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

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