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1224 N Fairfax Ave 8 Unit Apartment Building $3,591,649 CAD ($448,956 CAD/Unit) 5.92% Cap Rate West Hollywood, CA 90046
Investment Highlights
- Great Unit Mix of One- and Two-Bedroom Units in High Demand Rental Area
- Units 4, 5, 7 and 8 have recently updated with new kitchen and bathrooms
- Individually Metered for Gas and Electric
Executive Summary
Sold "As Is" Condition
Financial Summary (Pro Forma - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$310,876
|
$48.67
|
| Other Income |
$2,113
|
$0.33
|
| Vacancy Loss |
$9,326
|
$1.46
|
| Effective Gross Income |
$303,663
|
$47.54
|
| Taxes |
$47,424
|
$7.42
|
| Operating Expenses |
$43,759
|
$6.85
|
| Total Expenses |
$91,183
|
$14.27
|
| Net Operating Income |
$212,481
|
$33.26
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $310,876 |
| Annual Per SF | $48.67 |
| Other Income (CAD) | |
|---|---|
| Annual | $2,113 |
| Annual Per SF | $0.33 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $9,326 |
| Annual Per SF | $1.46 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $303,663 |
| Annual Per SF | $47.54 |
| Taxes (CAD) | |
|---|---|
| Annual | $47,424 |
| Annual Per SF | $7.42 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $43,759 |
| Annual Per SF | $6.85 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $91,183 |
| Annual Per SF | $14.27 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $212,481 |
| Annual Per SF | $33.26 |
Property Facts
| Price | $3,591,649 CAD | Building Class | C |
| Price Per Unit | $448,956 CAD | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 6,388 SF |
| Cap Rate | 5.92% | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1954 |
| Property Subtype | Apartment | Parking Ratio | 0.94/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | WDR4* | ||
| Price | $3,591,649 CAD |
| Price Per Unit | $448,956 CAD |
| Sale Type | Investment |
| Cap Rate | 5.92% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 6,388 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1954 |
| Parking Ratio | 0.94/1,000 SF |
| Zoning | WDR4* |
Amenities
Unit Amenities
- Stainless Steel Appliances
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 7 | - | - |
| 2+1 | 1 | - | - |
1 1
Moderately walkable
70/100
Moderately drivable
60/100
Good public transit
60/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 5530-001-009 | Total Assessment | $5,636,113 CAD (2025) |
| Land Assessment | $4,549,261 CAD (2025) | Annual Taxes | $47,424 CAD ($7.42 CAD/SF) |
| Improvements Assessment | $1,086,851 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
5530-001-009
Land Assessment
$4,549,261 CAD (2025)
Improvements Assessment
$1,086,851 CAD (2025)
Total Assessment
$5,636,113 CAD (2025)
Annual Taxes
$47,424 CAD ($7.42 CAD/SF)
Tax Year
2026
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1224 N Fairfax Ave
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