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5 Units | Mixed-Use | 7.97 GRM 10908 S Figueroa St 5 Unit Apartment Building $1,073,305 CAD ($214,661 CAD/Unit) 6.67% Cap Rate Los Angeles, CA 90061
EXECUTIVE SUMMARY
We are proud to present 10908 S Figueroa St, a 5-unit mixed-use property located in Los Angeles, operating at a 6.67% CAP and an 7.97 GRM on current rents, with potential upside to an 9.23% CAP and a 6.53 GRM on pro-forma rents. The property consists of three separate buildings constructed in 1926 with a unit mix of 1 two-bedroom units, 2 one-bedroom units, 1 studio and 1 commercial unit. Four out of five units have been renovated. There are also five uncovered parking spaces in the rear accessible by alley.
This opportunity is located in close proximity to the 110 and 105 freeways, as well as a number of community establishments such as Balbuena’s Mexican, Superior Grocers, Taco Vaquero, Playa Dorada and Surprise Market.
This opportunity is located in close proximity to the 110 and 105 freeways, as well as a number of community establishments such as Balbuena’s Mexican, Superior Grocers, Taco Vaquero, Playa Dorada and Surprise Market.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$71,544
|
$25.42
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $71,544 |
| Annual Per SF | $25.42 |
PROPERTY FACTS
| Price | $1,073,305 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $214,661 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 6.67% | Building Size | 2,815 SF |
| Gross Rent Multiplier | 7.97 | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1926 |
| Property Subtype | Apartment | Parking Ratio | 1.78/1,000 SF |
| Zoning | LAC2 - Commercial Store Combination | ||
| Price | $1,073,305 CAD |
| Price Per Unit | $214,661 CAD |
| Sale Type | Investment |
| Cap Rate | 6.67% |
| Gross Rent Multiplier | 7.97 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 2,815 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1926 |
| Parking Ratio | 1.78/1,000 SF |
| Zoning | LAC2 - Commercial Store Combination |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 2 | - | - |
| 1+1 | 2 | - | - |
| 2+1 | 1 | - | - |
1 1
PROPERTY TAXES
| Parcel Number | 6075-033-042 | Improvements Assessment | $337,745 CAD (2025) |
| Land Assessment | $767,604 CAD (2025) | Total Assessment | $1,105,349 CAD (2025) |
PROPERTY TAXES
Parcel Number
6075-033-042
Land Assessment
$767,604 CAD (2025)
Improvements Assessment
$337,745 CAD (2025)
Total Assessment
$1,105,349 CAD (2025)
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5 Units | Mixed-Use | 7.97 GRM | 10908 S Figueroa St
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