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Investment Highlights

  • Prime Wilshire Blvd frontage with exposure to over 45,000 vehicles per day.
  • Located in affluent Westside LA with nearly 50,000 residents within one mile.
  • Pro-forma NOI of $275,989 and 5.63% cap rate at $4.9M list price.
  • Class A mixed-use asset with modern design and high construction standards.
  • 83% occupancy across 6 retail suites with durable in-place income.
  • Excellent access to I-405, I-10, Metro bus, and new D Line subway extension.

Executive Summary

David Harrington
Matthews Real Estate Investment Services, Inc
License # 02168060, 01320460 (CA)
2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245
(866) 889-0550

Financial Summary (Pro Forma - 2026)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $486,576 $8.29
Other Income $80,051 $1.36
Vacancy Loss - -
Effective Gross Income $566,627 $9.65
Taxes $84,312 $1.44
Operating Expenses $102,407 $1.74
Total Expenses $186,719 $3.18
Net Operating Income $379,907 $6.47

Financial Summary (Pro Forma - 2026)

Gross Rental Income (CAD)
Annual $486,576
Annual Per SF $8.29
Other Income (CAD)
Annual $80,051
Annual Per SF $1.36
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $566,627
Annual Per SF $9.65
Taxes (CAD)
Annual $84,312
Annual Per SF $1.44
Operating Expenses (CAD)
Annual $102,407
Annual Per SF $1.74
Total Expenses (CAD)
Annual $186,719
Annual Per SF $3.18
Net Operating Income (CAD)
Annual $379,907
Annual Per SF $6.47

Property Facts

Price $6,744,997 CAD
Price Per Unit $1,124,166 CAD
Sale Type Investment
Cap Rate 4.42%
No. Units 6
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
Apartment Style Mid-Rise
Building Class B
Building Size 58,710 SF
Average Occupancy 83%
No. Stories 5
Year Built/Renovated 1996/2008
Parking Ratio 3.37/1,000 SF
No. Drive In / Grade-Level Doors 1
Zoning LAC2 - Commercial
Very walkable
80/100
Moderately drivable
70/100
Good public transit
70/100
Moderately bikeable
60/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 4263-001-096
  • 4263-001-070
  • 4263-001-075
  • 4263-001-104
  • 4263-001-091
Land Assessment
$2,340,480 CAD (2025)
Improvements Assessment
$1,884,344 CAD (2025)
Total Assessment
$4,224,823 CAD (2025)
Annual Taxes
$84,312 CAD ($1.44 CAD/SF)
Tax Year
2026
  • Listing ID: 40133437

  • Date on Market: 2026-04-13

  • Last Updated:

  • Address: 12222 Wilshire Blvd, Los Angeles, CA 90025

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