803 N Detroit Street

Property Overview

803 N Detroit Street, a beautiful 10-unit character multifamily property located just east of West Hollywood near the Fairfax District. Built in 1929, the property features a desirable unit mix of (8) 1BR/1BA units and (2) studio units and is has 1 vacant 1-bedroom unit, providing investors with stable in-place income from day one.The property is offered at an attractive basis of approximately $220,000 per unit, $290 per square foot, a 6.44% cap rate, and a 9.90 GRM. Current rents remain approximately 36% below market, presenting a compelling value-add opportunity for an investor to significantly grow income over time while owning a well-located vintage asset in one of Los Angeles' strongest rental markets. Ownership has completed several meaningful capital improvements in recent years, including the full replacement of the building's rear exterior stairs in 2024 and upgrades to the electrical main panel, breakers and subpanels to a 400-amp Siemens system in 2021, per LADBS records. The property also includes two single-car garages providing additional parking or storage. 803 N Detroit Street is ideally positioned just east of West Hollywood near Plummer Park, the Fairfax District, Pan Pacific Park and The Grove. The property is also minutes from the Sunset Strip and Melrose Avenue, providing residents convenient access to some of Los Angeles' most popular restaurants, nightlife, shopping and entertainment.

Home Details

Property type: Residential Income
Year built: 1929
Living area: 7,583 sq ft
Lot size: 7,250 sq ft
Parking: 2 spaces
Garage: 2 spaces
Stories: 2
Days on market: 47
MLS status: Active
Zoning: LAR3

Community, Schools & Utilities

Utilities

Heating: ForcedAir

Browse more homes for sale in Los Angeles

Location & Neighborhood

Los Angeles, CA 90046

Open in Google Maps Open in Apple Maps

Frequently Asked Questions About 803 N Detroit Street

Property type: Residential Income

The current asking price is $2,200,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.

Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 803 N Detroit Street. Our team will confirm availability and timing.

This 8 bedrooms and 10 bathrooms property offers approximately 7,583 square feet of living space. It was built in 1929. Review the listing details and disclosures, then independently verify material features before making a decision.

The property is in Los Angeles, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.

Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Los Angeles property.

The MLS currently reports the property as Active. It has been listed for 47 days. Status can change, so verify availability before relying on it.