Share This Listing

Message

918 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the brokers for more information about this property

5 UNITS COUNTY OF LA - 7.98% CAP & 9.24 GRM 1318 W 90th St 5 Unit Apartment Building $1,421,710 CAD ($284,342 CAD/Unit) 7.88% Cap Rate Los Angeles, CA 90044

Save this listing!

Favourite this listing to get notified of price updates, new media and more

Investment Highlights

  • A well-balanced unit mix of four 1-bedroom/1-bath units and one 2-bedroom/1.5-bath unit appealing to a broad renter base and supporting stable occupan
  • Recent upgrades include copper plumbing, security cameras, new interior electrical sub panels, new vinyl windows, newer motorized parking gate motor.
  • All units have been recently renovated, providing a turnkey investment profile and minimizing near-term capital expenditure requirements.
  • Potential for additional garage parking include or ADU opportunity. Buyer to investigate ADU potential.
  • Property offers ample gated and secure on-site parking, a valuable amenity in a dense Inglewood submarket that supports tenant retention.
  • Each unit is separately metered for gas and electricity, allowing for efficient utility management and improved operating expense control.

Executive Summary

BRC Advisors is offering a well-located five-unit multifamily offering in South Los Angeles featuring recent renovations, a balanced unit mix, multiple ancillary income
opportunities, and immediate rental upside, delivering strong in-place income and durable long-term fundamentals. 1318 W. 90th Street presents a five-unit multifamily investment opportunity in South Los Angeles with immediate upside. The property features a balanced unit mix of four (4) one-bedroom / one-bath units and one (1) two-bedroom / one-bath plus den unit. The two-bedroom unit is currently vacant and in rent-ready condition. Upon full lease up, the property is projected to deliver strong and consistent cash flow with a stabilized 9.24 GRM and a 7.88% CAP Rate. The property offers additional value-add potential through vacant garages, which may
be utilized for additional parking income or repositioned for future ADU conversion, subject to buyer verification and local regulations, providing a path to incremental
income growth beyond traditional rent increases. Situated on a quiet residential street with convenient access to major employment centers, transit corridors, and regional freeways, the property benefits from steady tenant demand and strong occupancy fundamentals. South Los Angeles continues to attract investor interest due to its relative affordability and proximity to Downtown Los Angeles, Inglewood, and LAX. The unit mix supports both income stability and long-term durability, as one-bedroom units typically experience lower vacancy, while the larger two-bedroom plus den unit appeals to families and long-term renters. All units have been recently renovated, creating a largely turnkey investment profile and minimizing near-term capital expenditure requirements.
Offering Memorandum attached to LoopNet listing. Please note the following: (1) Do not disturb tenants. (2) Interior inspections and access to books and records will be granted upon acceptance of an offer. (3) Submit proof of funds with all offers, which must be presented on a CAR Residential Income Purchase Agreement. Broker and agent do not guarantee the accuracy of square footage, lot size, development potential, or any other information regarding the condition or features of the property provided by the Seller or obtained from public records or other sources. Buyer is advised to independently verify all information and complete their own due diligence through physical inspections and consultation with appropriate professionals. Seller is a licensed real estate agent in the State of California.

Financial Summary (Actual - 2026)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $155,105 $44.80
Other Income - -
Vacancy Loss $4,617 $1.33
Effective Gross Income $150,487 $43.47
Taxes - -
Operating Expenses - -
Total Expenses $38,396 $11.09
Net Operating Income $112,092 $32.38

Financial Summary (Actual - 2026)

Gross Rental Income (CAD)
Annual $155,105
Annual Per SF $44.80
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual $4,617
Annual Per SF $1.33
Effective Gross Income (CAD)
Annual $150,487
Annual Per SF $43.47
Taxes (CAD)
Annual -
Annual Per SF -
Operating Expenses (CAD)
Annual -
Annual Per SF -
Total Expenses (CAD)
Annual $38,396
Annual Per SF $11.09
Net Operating Income (CAD)
Annual $112,092
Annual Per SF $32.38

Property Facts

Price $1,421,710 CAD
Price Per Unit $284,342 CAD
Sale Type Investment
Cap Rate 7.88%
Gross Rent Multiplier 9.24
No. Units 5
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 0.12 AC
Building Size 3,462 SF
No. Stories 1
Year Built 1962
Opportunity Zone Yes
Zoning LCR320U*

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 4 $2,360 CAD -
2+1 1 $3,385 CAD -

Property Taxes

Property Taxes

Parcel Number
6047-013-006
Land Assessment
$962,522 CAD (2025)
Improvements Assessment
$370,197 CAD (2025)
Total Assessment
$1,332,720 CAD (2025)
  • Listing ID: 39243663

  • Date on Market: 2026-01-28

  • Last Updated:

  • Address: 1318 W 90th St, Los Angeles, CA 90044

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}