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733 S Coronado St
Los Angeles, CA 90057 MacArthur Park


Apartments For Sale  •  16,942 Sq Ft

Property Details

  • Property Type Apartments
  • Total Building Size 16,942 Sq Ft
  • Lot Size 0.17 ac
  • Building Class B
  • Year Built 1912
  • Cap Rate 4.82 %
  • Zoning R4-1
82 Transit Score
95 Walk Score


The Armor Collection is a once-in-a generation investment opportunity in Los Angeles’ Westlake neighborhood. The portfolio features 10 buildings totaling 300 units; all properties are within 2 miles of each other.The properties present an impressive unit mix throughout, consisting of mostly studios and one-bedroom units. Most of the units are currently below market rent, offering an investor a true value-add opportunity and the ability to increase cash flow through renovations. The portfolio is being offered at a low price per unit of $158,500 blended, with current loss-to-lease of over 24% as units turn. 

* Subject property is part of a 10-property portfolio totaling 300 units. This offering can be purchased individually or collectively


Rare opportunity to acquire large portfolio in Westlake
Portfolio includes 10 properties totaling 300 units
Value-add opportunity – renovations will increase cash flow
Offered at a low price-per-unit of $158,500 blended
Significant rental upside of 32% as units turn
Attractive going-in cap rate of 4.4%

Financial Summary (Actual)

Net Operating Income: $202,628 (2018)
Cap Rate: 4.82 %


  • Laundry Facilities
  • Gated
  • Heating
  • Kitchen
  • Refrigerator
  • Range

Public Transportation

Commuter RailDriveWalkDistance
Union Station Commuter Rail (Ventura County, Antelope Valley, San Bernardino, Riverside, Orange County, 91 Lines) 9 min - 3.8 mi
Glendale Commuter Rail (Ventura County, Antelope Valley Lines) 13 min - 6.3 mi
Westlake/MacArthur Park Station (Purple, Red Lines) 2 min 12 min 0.6 mi
Wilshire/Vermont Station (Purple, Red Lines) 3 min 16 min 0.8 mi
Bob Hope Airport 24 min - 13.2 mi
Los Angeles International Airport 25 min - 14.0 mi
Long Beach-Daugherty Field Airport 32 min - 23.1 mi

Parking Details

Parking Available: No
Reserved: No
Type: SurfaceTandem
Included in Rent: Yes
Neema Ahadian 310-909-5444 Marcus & Millichap
Neema Ahadian 310-909-5444 Marcus & Millichap