
Closed Listing
8 Units in Chinatown with 32% Rental Upside
945 n beaudry ave
sold in
Chinatown
Sold At
$
2,100,000
8
Number of Units
1968
Year Built
6,810
SF
Square Footage
6,974
SF
Lot Size
LAR3
Zoning
945 N Beaudry Ave, Los Angeles, CA 90012
About the Property
945 N Beaudry Ave is an eight-unit Los Angeles multifamily property located in the heart of Chinatown, a neighborhood undergoing a steady wave of redevelopment and cultural revitalization. Offered for the first time by the original developer’s family, this two-story 1984 construction presents investors with an opportunity to acquire a well-located, value-add asset in one of the most dynamic submarkets of Los Angeles.
Comprised of (1) three-bedroom, two-bath townhouse unit and (7) two-bedroom, one-bath units, the property spans 6,974 square feet and sits on a 6,749 square foot lot. Four of the eight units will be delivered vacant upon close of escrow, providing immediate lease-up potential and repositioning opportunity. Current rents are approximately 32 percent below market compared to updated Chinatown multifamily units, leaving considerable room for rental upside through interior renovations and unit turnover.
945 N Beaudry Ave is not subject to the City of Los Angeles Rent Stabilization Ordinance due to its 1984 construction date. Under AB 1482, annual rent increases remain viable for long-term income growth. Additional features include a gated front entry, surface parking, and strong unit layouts that average over 870 square feet. Tenants benefit from quick access to the 110 and 101 Freeways, Metro Gold Line, and surrounding employment centers in Downtown Los Angeles, the Arts District, and Echo Park.
With its desirable unit mix, vacancy at close, and below-market rents, 945 N Beaudry Ave offers a compelling investment opportunity for buyers targeting stabilized returns and future appreciation in a transit-rich, gentrifying corridor. Investors seeking Chinatown multifamily assets with long-term upside and flexible rent control positioning will find this offering well-suited for their portfolio strategy.
945 N Beaudry Ave.
Northeast LA
Offering Price
$2,100,000
Number of Units
8 Units
Price per. Unit
$262,500
Bldg. Size
6,810 SF
Price per Foot
$$308
Lot Size
6,974 SF
Year Built
1968
Current CAP
5.30%
Market CAP
7.69%
Zoning
LAR3
Detailed Brochure on Real Estate Opportunities
Price P/ Unit
$262,500
Price p/ Sq. ft.
$$308
Proforma Cap Rate
7.69%




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