5243 Huntington Dr N — Sale in Los Angeles, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Los Angeles, CA 90032

Investment Figures

Cap rate
7.29%

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 and Millichap is pleased to present a five (5) unit apartment building located at 5243 Huntington Drive North in Los Angeles, California. The subject property is located in a great El Sereno location, south of Almont Street and east of Van Horne Avenue. Situated in a great El Sereno location adjacent to South Pasadena, this rare 2004 construction asset is not subject to LA City rent control and is offered by the original developer, featuring a strong 7.29% initial cap rate. The property offers a desirable unit mix of three (3) three-bedroom and two (2) four-bedroom units, with select interiors renovated. All units are separately metered for gas, electricity, and water and include in-unit washer and dryer. On-site parking presents a potential opportunity to develop ADUs (buyer to verify). The property provides convenient access to Alhambra Avenue, Huntington Drive, and Fremont Avenue, as well as the 710, 10, 110, 60, and 5 freeways. Nearby amenities include El Sereno Park, the Cal State LA Metrolink Station, and numerous retail and dining options. With exemption from LA City rent control, separately metered utilities for gas, electricity, and water, and additional upside through potential ADU development (buyer to verify), the property presents a compelling value-add investment opportunity. Investment Highlights: • Great El Sereno Location - Adjacent to South Pasadena • Rare 2004 Construction - Not Subject to LA City Rent Control • All Units Separately Metered for Gas, Electricity, and Water • Solid Unit Mix • Select Units are Renovated • Offered by the Original Developer • In-Unit Washer and Dryer • On-Site Parking Available

Market Context

This multifamily in Los Angeles, CA is listed for sale. It is offered at an approximate 7.3% 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 7.3% 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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