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20 Units + 4 RTI ADUs | 8% Current Cap 1344 W 4th St 20 Unit Apartment Building $6,122,833 CAD ($306,142 CAD/Unit) 8% Cap Rate Los Angeles, CA 90017
Investment Highlights
- Offered at $4,490,000 | $224,500/Unit | $583/SF
- Renovated 20-unit multifamily building totaling 7,700 gross square feet in Los Angeles
- Proforma total investment of $4,802,800 (including $312,800 for ADU construction at $340/SF)
- Strong 8.00% Current CAP Rate and 9.36 GRM on existing income
- 4 Ready-to-Issue (RTI) Attached ADUs — construction-ready with permits approved
Executive Summary
Renovated 20-unit apartment building cash flowing at an amazing Current 8% Cap Rate from day 1! Fully Approved RTI plans to add 4 attached ADUs to achieve a remarkable 10% Cap Rate after taking into account all construction costs (~312k assuming $340/SF). The property features 20 Spacious and easy to rent studios each with their own separate kitchen and bathrooms. Almost every single unit (95%) has been upgraded with updated cabinets, flooring, kitchens, bathrooms, as well as exterior improvements, including renovated hallways. The property also offers an on-site laundry room, which could be re-opened to generate additional income. Located in the heart of Westlake, just steps away from trendy Echo Park, FilipinoTown, DTLA, and Koreatown. Highly walkable area surrounded by shops, restaurants, and major transit lines, the property combines steady cash flow with exceptional long-term upside in a prime urban corridor.
Property Facts
| Price | $6,122,833 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $306,142 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.13 AC |
| Cap Rate | 8% | Building Size | 16,000 SF |
| Gross Rent Multiplier | 9.36 | Average Occupancy | 95% |
| No. Units | 20 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1922 |
| Property Subtype | Apartment | ||
| Zoning | CW, Los Angeles | ||
| Price | $6,122,833 CAD |
| Price Per Unit | $306,142 CAD |
| Sale Type | Investment |
| Cap Rate | 8% |
| Gross Rent Multiplier | 9.36 |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 16,000 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built | 1922 |
| Zoning | CW, Los Angeles |
Amenities
Unit Amenities
- Heating
- Kitchen
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 20 | - | 376 |
1 1
Very walkable
80/100
Moderately drivable
70/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 5152-003-013 | Improvements Assessment | $1,390,933 CAD |
| Land Assessment | $1,808,213 CAD | Total Assessment | $3,199,146 CAD |
Property Taxes
Parcel Number
5152-003-013
Land Assessment
$1,808,213 CAD
Improvements Assessment
$1,390,933 CAD
Total Assessment
$3,199,146 CAD
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20 Units + 4 RTI ADUs | 8% Current Cap | 1344 W 4th St
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