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Burlington Villas -12 Units | 5.09% CAP Rate 1350 S Burlington Ave 12 Unit Apartment Building $2,213,408 CAD ($184,451 CAD/Unit) 5.09% Cap Rate Los Angeles, CA 90006
INVESTMENT HIGHLIGHTS
- First Time on Market in Over 45 Years
- Tremendous Rental Upside – 7.96 GRM and 8.86% CAP at Market
- Mostly Copper Plumbing
- Fantastic Cost per Unit - $133K
- Major Roof Upgrades in 2024/2025
- 6 On-Site Parking Spaces
EXECUTIVE SUMMARY
Jonathan Prakash of Equity Union Commercial presents an exceptional value-add opportunity located at 1350 S. Burlington Avenue. This 1950 asset is already performing at an 11.56 GRM and 5.09% CAP, with a clear path to a 7.96 GRM and 8.86% CAP—a rare upside spread in this submarket.
The property benefits from major roof repairs, mostly copper plumbing, and six on-site parking spaces.
This is an ideal play for investors seeking meaningful rent upside, solid in-place numbers, and a straightforward value-add opportunity in a high-demand rental corridor.
The property benefits from major roof repairs, mostly copper plumbing, and six on-site parking spaces.
This is an ideal play for investors seeking meaningful rent upside, solid in-place numbers, and a straightforward value-add opportunity in a high-demand rental corridor.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$191,517
|
$38.00
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$5,423
|
$1.08
|
| Effective Gross Income |
$186,094
|
$36.92
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$73,391
|
$14.56
|
| Net Operating Income |
$112,703
|
$22.36
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $191,517 |
| Annual Per SF | $38.00 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $5,423 |
| Annual Per SF | $1.08 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $186,094 |
| Annual Per SF | $36.92 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $73,391 |
| Annual Per SF | $14.56 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $112,703 |
| Annual Per SF | $22.36 |
PROPERTY FACTS
| Price | $2,213,408 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $184,451 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 5.09% | Building Size | 5,040 SF |
| Gross Rent Multiplier | 11.56 | No. Stories | 2 |
| No. Units | 12 | Year Built | 1950 |
| Property Type | Multifamily | Parking Ratio | 1.19/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | RD1.5--1 - Low Medium Residential | ||
| Price | $2,213,408 CAD |
| Price Per Unit | $184,451 CAD |
| Sale Type | Investment |
| Cap Rate | 5.09% |
| Gross Rent Multiplier | 11.56 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 5,040 SF |
| No. Stories | 2 |
| Year Built | 1950 |
| Parking Ratio | 1.19/1,000 SF |
| Zoning | RD1.5--1 - Low Medium Residential |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 12 | - | - |
1 1
Walk Score®
Walker's Paradise (91)
Transit Score®
Excellent Transit (77)
Bike Score®
Very Bikeable (75)
PROPERTY TAXES
| Parcel Number | 5135-020-008 | Improvements Assessment | $236,676 CAD |
| Land Assessment | $93,170 CAD | Total Assessment | $329,847 CAD |
PROPERTY TAXES
Parcel Number
5135-020-008
Land Assessment
$93,170 CAD
Improvements Assessment
$236,676 CAD
Total Assessment
$329,847 CAD
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Burlington Villas -12 Units | 5.09% CAP Rate | 1350 S Burlington Ave
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