931 Everett St — Sale in Los Angeles, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Los Angeles, CA 90026

Investment Figures

Cap rate
6.39%

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 931 Everett St in Los Angeles, California. The subject property is located in a great Echo Park location, just off of Sunset Blvd along Everett St. Located in a prime Echo Park setting, the property features a desirable unit mix of four one-bedroom units in the front fourplex and one standalone three-bedroom home with a basement that can be used as an office or storage. Interiors showcase classic craftsman character with high-end finishes, complemented by hardwood floors, central HVAC, and in-unit washers and dryers. Recent upgrades include new electrical and plumbing systems, as well as a reinforced foundation. Units are spacious, with select layouts offering flexible dining areas with pull-out beds. In addition, the property is separately metered for gas and electricity. Ideally positioned with dominant access to Sunset Blvd, Echo Park Ave, and Temple St, the asset also offers immediate connectivity to the 101 and 110 Freeways. Surrounded by major developments, retail, dining, and Echo Park Lake, the location provides strong long-term investment appeal. Overall, the combination of recent upgrades and timeless craftsmanship, paired with a great Echo Park location and close proximity to vibrant dining, retail, and outdoor amenities, positions the property as a compelling and well-rounded investment opportunity. Investment Highlights: • Great Echo Park Location • Five Units Spread Across Two Separate Structures - Fourplex in the Front and Three-Bedroom Unit in the Rear • Fully Renovated Asset - New Electrical and Plumbing, Hardwood Floors, and Upgraded Foundation • Beautiful Craftsman Interiors with High-End Finishes • High Cash Flow from Day One • Large Units Including Pull-Out Bed in Dining Area, Washer and Dryer, and HVAC • Separately Metered for Gas and Electricity • Incredible Unit Mix - Four (4) One-Bedroom Units and One (1) Standalone Three-Bedroom Home with a Private Bas

Market Context

This multifamily in Los Angeles, CA is listed for sale. It is offered at an approximate 6.4% 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 6.4% 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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