1047 E. 33rd Street, Los Angeles, CA 90011
Description
Zach Rosen represented the buyer in the successful purchase of 1047 E. 33rd Street, an 8-unit apartment building located just south of Downtown Los Angeles. The property includes two newly constructed ADUs and six on-site parking spaces, delivering a compelling blend of modern upgrades and strong tenant demand in a dense infill location.
The asset traded at $141,874 per unit and $246 per square foot, offering immediate cash flow with a 7.21% cap rate and 7.87 GRM.
A unit mix of singles, one-bedrooms, and two-bedrooms appeals to a broad tenant base, including USC students, young professionals, and families, all drawn to the property’s proximity to Downtown employment centers, Exposition Park, and major transit lines.
Property Details:
Sale Price: $1,135,000
Building Sq.Ft.: +/-4,615 Sq.Ft.
Land Sq. Ft.: +/-7,251 Sq.Ft.
Number of Units: 8
Price Per Sq.Ft.: $245.94
Price Per Unit: $141,875
Cap Rate: 7.21%
Address
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Address 1047 E. 33rd Street, Los Angeles, CA
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Country United States
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Postal code/ZIP 90011
Overview
- Property ID 1047 E. 33rd Street, Los Angeles, CA
- Price $1,135,000.00
- Property Type Multi Family, Residential
- Property status Sold
- Size 4,615 SqFt
- Land area 7,251 SqFt
- Units 8
- Parking Spaces 6
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Contact
Zachary Rosen
Property Agent
Zach Rosen is Director of Investments at Maher Commercial Realty. For over a decade, Zach has specialized in advising multifamily investors in the acquisition and disposition of apartment buildings throughout Los Angeles. He has worked closely with a wide range of real estate stakeholders—from individual single‑property apartment owners to some of the city’s largest multifamily portfolios—giving him a uniquely comprehensive and practical understanding of the market. Zach stays current on state and local regulations, market shifts, and emerging trends to ensure every client’s strategy is informed and aligned with their goals. Known for his hands‑on, detail‑driven approach, he remains deeply involved in every step of the process, providing clients with clarity, confidence, and a steady hand from start to finish. License: CA 01904419