Broker Opinion of Value · June 2026
Live read of Los Angeles · Built bottom-up by Taylor Avakian

1414-1418 W 225th St

12 units · 1962 · 11,980 bldg sf · 9,583 lot sf
Prepared for Justin Lo
$2.85M
Most Likely
Realistic close
6.33%
Cap at Mid
Current NOI / Mid price
$238k
$ / Unit
At Most Likely
8.92
GRM
Current rent multiplier
The Three Numbers

Where it clears.

Every property gets three numbers. Low is the defensible floor — the hard number I'd hold in a soft market. Most Likely is the realistic close — what I walk into a buyer conversation with. Reach is the aspirational ask — room for offer-to-reduce dynamics, gives you upside if the trade moves fast.

Low
Defensible floor
$2.70M
$/u
$225k
Cap
6.68%
GRM
8.45
Most Likely
Realistic close
$2.85M
$/u
$238k
Cap
6.33%
GRM
8.92
Reach
Aspirational ask
$3.00M
$/u
$250k
Cap
6.01%
GRM
9.39
Property Snapshot

The building.

Core fundamentals pulled from the rent roll, T-12, and assessor record.

Units
12
(12) 3+1.5
Year Built
1962
Building SF
11,980
≈ 998 sf/unit
Lot SF
9,583
Zoning
LARD1.5
APN
7347-006-004
City / Zip
Los Angeles, CA 90501
Submarket
Los Angeles
Income Read

Where the rent sits.

Current in-place rents vs. market — the difference is value-add upside.

$319,624
In-Place Annual Rent
From current rent roll
$504,000
Market Rent (Annual)
Per Costar / submarket comps
+57.7%
Upside to Market
$184,376 annual
Unit Type SF In-Place Market Δ to Market
1414-1 3+1.5 998 $1,432 $3,500 +$2,068
1414-2 3+1.5 998 $3,600 $3,500 -$100
1414-3 3+1.5 998 $1,577 $3,500 +$1,923
1414-4 3+1.5 998 $1,204 $3,500 +$2,296
1414-5 3+1.5 998 $3,500 $3,500 $0
1414-6 3+1.5 998 $1,480 $3,500 +$2,020
1418-1 3+1.5 998 $1,454 $3,500 +$2,046
1418-2 3+1.5 998 $2,970 $3,500 +$530
1418-3 3+1.5 998 $3,500 $3,500 $0
1418-4 3+1.5 998 $1,418 $3,500 +$2,082
1418-5 3+1.5 998 $3,200 $3,500 +$300
1418-6 3+1.5 998 $1,300 $3,500 +$2,200
Operating Snapshot

How it runs.

T-12 expenses normalized to market-rate operating costs (R&M, contract services, turnover, marketing, reserves). Stabilized NOI assumes rents reset to market.

Annualized Expense Walk
Real Estate Taxes $35,625 $2,969/u
Insurance $10,200 $850/u
Property Management $12,785 $1,065/u
Administrative $2,400 $200/u
Repairs & Maintenance $15,000 $1,250/u
Gas $9,385 $782/u
Sewer / Water $18,958 $1,580/u
Trash $16,364 $1,364/u
Contract Services $1,354 $113/u
Reserves $1,200 $100/u
Total Operating Expenses $123,271 $10,273/u
NOI · As-Is
$180,371
In-place rent · normalized opex
NOI · Stabilized
$348,153
Market rent · normalized opex
Expense Ratio
25.7%
OpEx / EGI · target 32-38%
NOI Uplift to Stabilized
+93.0%
$167,782 annual
Sales Comps

What's trading.

6 recent sales used to anchor the cap rate and per-unit value. Median: $200,893/unit · 5.60% cap.

Sales comp map showing subject property and 6 comparable sales
Subject Sold Comparables (6)
1312 W 225th St
90501 · Built 1962 · 14 units
Sold
5/30/2025
Price
$3.00M
$/u
$214,286
Cap
5.46%
25633 President Ave
90710 · Built 1965 · 9 units
Sold
9/11/2025
Price
$2.20M
$/u
$244,444
Cap
5.25%
1623 Lomita Blvd
90710 · Built 1961 · 14 units
Sold
9/30/2025
Price
$2.98M
$/u
$212,500
Cap
6.65%
1666 Lomita Blvd
90710 · Built 1962 · 14 units
Sold
2/24/2026
Price
$2.65M
$/u
$189,286
Cap
1615 Lomita Blvd
90710 · Built 1961 · 14 units
Sold
10/2/2025
Price
$2.35M
$/u
$167,857
Cap
6.71%
1344 W 225th St
90501 · Built 1962 · 10 units
Sold
8/25/2025
Price
$1.75M
$/u
$175,000
Cap
5.60%
Sensitivity Analysis

Move the levers, watch the price.

Cap rates shift. Rents push or fall. Use these to stress-test the Most Likely number against your own market read.

Cap Rate Adjustment +0 bps
±100 basis points · tightens or loosens cap on the property
Rent Growth +0%
-10% to +20% · bump or compress income from current in-place
$2.85M
Adjusted Most Likely
No adjustments — same as today's market read.
Net to Owner

What you'd actually net.

Enter your outstanding loan balance and original acquisition basis. The calculator estimates closing costs, capital gains tax (federal LTCG + CA state + depreciation recapture), and what you'd walk away with in cash. Toggle 1031 to defer the tax.

Sale Price (use slider above)
$2.85M
$
$
Sale Price$0
Closing Costs (6%)$0
Loan Payoff$0
Equity Before Tax$0
Capital Gains Tax (Fed 20% + CA 9.3%)$0
Depreciation Recapture (25%)$0
Rough estimate. Actual tax depends on your CPA's depreciation schedule, basis adjustments, and any prior exchanges. Confirm with your CPA before transacting.
Net Cash to Owner$0
Market Read · Los Angeles

How this submarket is trading.

This submarket trades in line with broader LA County dynamics — 5.5–6.5% caps for stabilized multifamily depending on vintage, unit count, and rent control regime. See the comps section above for the specific anchors used in this pricing.

Who You're Working With

WHY I built this.

I'm Taylor Avakian. I sell apartment buildings in Los Angeles, full stop. Not retail, not industrial, not hotels. Multifamily, in this market, every day.

Most owner-broker conversations start with a one-page valuation that doesn't show the work. I built this site for the opposite reason — so you can see exactly how I priced your property, stress-test it against your own assumptions, and decide what to do with the real numbers in front of you. No mystery, no theatrics.

If a deal doesn't pencil, I'll say so. If selling is wrong for you right now, I'll tell you that too. The long game beats the next commission every time.

Read more at thegroupcre.com →
$488M+
Total Closed
1,000+
Properties Valued
97.6%
List-to-Sale Ratio
28%
Faster Than LA Average
Taylor Avakian
The Group CRE · Apartment buildings, LA
916-996-4421 · taylor@thegroupcre.com
DRE #02060040