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1118 S Lake 8 Unit Apartment Building $1,697,142 CAD ($212,143 CAD/Unit) 4.29% Cap Rate Los Angeles, CA 90006
Investment Highlights
- Low Cost Per Unit of $153,750 & $218 Per Sq. Ft.
- Street to Alley Lot- Rear Garages With ADU Potential
- Perfect Unit Mix of One and Two Bedroom Apartments
- Extremely Low Rents Provide Massive Rental Upside
Executive Summary
1118 S Lake Street is a 5,648 square foot apartment community constructed in 1956. Situated in the Westlake neighborhood of Los Angeles, the property has a combined unit mix consisting of (6) One-Bedroom/One-Bath units and (2) Two-Bedroom/One-Bath units, totaling an average of 700 square feet each.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,697,142 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $212,143 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.20 AC |
| Cap Rate | 4.29% | Building Size | 5,648 SF |
| Gross Rent Multiplier | 10.25 | No. Stories | 2 |
| No. Units | 8 | Year Built | 1956 |
| Property Type | Multifamily | Parking Ratio | 1.06/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R4-2, Los Angeles | ||
| Price | $1,697,142 CAD |
| Price Per Unit | $212,143 CAD |
| Sale Type | Investment |
| Cap Rate | 4.29% |
| Gross Rent Multiplier | 10.25 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 5,648 SF |
| No. Stories | 2 |
| Year Built | 1956 |
| Parking Ratio | 1.06/1,000 SF |
| Zoning | R4-2, Los Angeles |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | $1,612 CAD | 650 |
| 2+1 | 2 | $2,035 CAD | 850 |
1 1
Very walkable
80/100
Moderately drivable
70/100
Exceptional public transit
90/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 5136-018-004 | Total Assessment | $1,503,564 CAD |
| Land Assessment | $844,701 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $658,864 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
5136-018-004
Land Assessment
$844,701 CAD
Improvements Assessment
$658,864 CAD
Total Assessment
$1,503,564 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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1118 S Lake
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