Receivership Sale | 15-Unit Apartment Building | Los Angeles, CA

Highlights:

• Infill Los Angeles Location: Located in a dense rental corridor with close proximity to major retailers and local schools, with convenient access to greater Los Angeles.
• Proximity to Major Demand Drivers: Approximately 10 minutes from Cal State Los Angeles (21,000+ students) and USC’s Keck School of Medicine. Average household income within a 1-mile radius is approximately $110,000.
• Efficient Studio Unit Mix with Steady Demand: The Property consists of 15 studio units, catering to a deep renter pool driven by students, medical professionals, and workforce housing demand in the surrounding area.
• Functional Asset with On-Site Amenities: Features include on-site laundry facilities, a full sprinkler system, and underground parking, enhancing tenant convenience and overall property appeal.
• Operational Simplicity with Master Metering: Master-metered utility structure allows for streamlined operations, offering investors the ability to implement RUBS or other expense recapture strategies to improve cash flow.

Description:

Ri Marketplace Online Auction May 18th-20th, 2026
Register to bid on Marketplace:

https://rimarketplace.com/auction/3146/multifamily/los-angeles/ca?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=multifamily_3146

Marcus & Millichap and RI Marketplace are pleased to present the opportunity to acquire a multifamily receivership sale located at 5073 Huntington Drive North in Los Angeles' El Sereno neighborhood, Los Angeles County, California 90032 (the "Property"). With a starting bid of $200,000, the offering presents investors with a rare opportunity to acquire a 15-unit, ±6,400 SF studio building at a compelling basis in one of Los Angeles' most supply-constrained and institutionally supported rental markets.

Constructed in 2006 and zoned LAC4, the Property consists of 15 studio units across four stories, featuring on-site laundry, a full sprinkler system, and underground parking. The master-metered utility structure provides operational simplicity and offers an incoming owner the ability to implement a Ratio Utility Billing System (RUBS) or similar expense recapture strategy to enhance cash flow and overall asset performance. The efficient, all-studio unit mix caters to a deep and durable renter pool driven by students, medical professionals, and workforce housing demand — all of which are abundantly present in the immediate trade area.

The Property is ideally situated along Huntington Drive North, a primary arterial corridor running through El Sereno, one of Los Angeles' most established and geographically central neighborhoods. The site is located just 10 minutes from both Cal State Los Angeles, home to over 21,000 students, and USC's Keck School of Medicine — two of the region's most significant drivers of sustained rental demand. The Property also benefits from excellent connectivity to Downtown Los Angeles and the broader San Gabriel Valley via the regional freeway network. The surrounding trade area features a robust daily-needs retail corridor anchored by Target, Costco Wholesale, Albertsons, Kohl's, LA Fitness, and PetSmart, among others, while nearby neighborhood amenities include El Sereno Middle School, Cesar Chavez Elementary, and the El Sereno Branch Library — reinforcing the Property's broad and lasting appeal across a diverse renter demographic.

El Sereno's position within the greater Los Angeles multifamily market provides investors with access to a deeply renter-oriented, supply-constrained submarket supported by strong underlying fundamentals. The trade area is home to over 32,000 residents within 1 mile, with an average household income exceeding $110,000 — a demographic profile that underpins stable, long-term rental demand. The Los Angeles metro multifamily market is forecasted to maintain vacancy near its long-term average in 2026, supported by the lowest new supply pipeline since 2015 and the metro's well-documented structural barriers to homeownership, creating a favorable backdrop for investors seeking to capitalize on the Property's value-add potential and lease-up to prevailing market rents.



Emilio Lemeni
c/o Fisher Auction Company Inc.
License: 00961384
The platform fee for this transaction is the greater of 5.00% or a minimum of $25,000.

Documents: