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Weddington Mid-Rise 11911 Weddington St 31 Unit Apartment Building $11,126,720 CAD ($358,926 CAD/Unit) 5.22% Cap Rate Valley Village, CA 91607
INVESTMENT HIGHLIGHTS
- Massive 1,300 SF Units with Average unit size over 1,000 SF
- Pool, Off Street Parking and Elevator
- SELLER MOTIVATED by 2025 Closing!
EXECUTIVE SUMMARY
PRICE REDUCED! Jake Plewa with Taksa Investment Group, part of RE/MAX Commercial & Investment Realty, is pleased to offer for sale 11911 Weddington. Nestled in the heart of Valley Village stands as a testament to mid-century multifamily excellence. Built in 1963, this 36,121-square-foot property spans a generous 0.584-acre lot and houses 31units, including spacious one- and two-bedroom layouts ranging from 700 to 1,350 square feet, a rarity in today's rental market. The large units offer residents ample living space with modern touches like hardwood floors, new appliances, air conditioning, ceiling fans, and private patios or balconies. Community amenities elevate the resident experience, including a sparkling pool, elevator access and on-site laundry facilities. The property's design and scale make it ideal for value-add strategies, such as targeted upgrades to further boost rental premiums. With units averaging over 1,000 square feet, it caters to families, professionals, and young creatives seeking more than the cramped apartments common in denser LA neighborhood
FINANCIAL SUMMARY (ACTUAL - 2024) 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 - 2024) 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 | $11,126,720 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $358,926 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.59 AC |
| Cap Rate | 5.22% | Building Size | 36,121 SF |
| Gross Rent Multiplier | 12 | Average Occupancy | 94% |
| No. Units | 31 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1963 |
| Property Subtype | Apartment | Parking Ratio | 0.85/1,000 SF |
| Zoning | R3-1, Los Angeles | ||
| Price | $11,126,720 CAD |
| Price Per Unit | $358,926 CAD |
| Sale Type | Investment |
| Cap Rate | 5.22% |
| Gross Rent Multiplier | 12 |
| No. Units | 31 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.59 AC |
| Building Size | 36,121 SF |
| Average Occupancy | 94% |
| No. Stories | 3 |
| Year Built | 1963 |
| Parking Ratio | 0.85/1,000 SF |
| Zoning | R3-1, Los Angeles |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Heating
- Kitchen
- Oven
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Storage Space
- Online Services
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 17 | - | 700 - 900 |
| 2+2 | 14 | - | 1,100 - 1,350 |
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Walk Score®
Very Walkable (83)
Bike Score®
Very Bikeable (77)
PROPERTY TAXES
| Parcel Number | 2348-012-027 | Total Assessment | $11,306,045 CAD (2025) |
| Land Assessment | $4,880,308 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $6,425,737 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
2348-012-027
Land Assessment
$4,880,308 CAD (2025)
Improvements Assessment
$6,425,737 CAD (2025)
Total Assessment
$11,306,045 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
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Weddington Mid-Rise | 11911 Weddington St
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