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1419 Malvern Ave 8 Unit Apartment Building $1,589,875 CAD ($198,734 CAD/Unit) 6.24% Cap Rate Los Angeles, CA 90006
INVESTMENT HIGHLIGHTS
- Centrally located to major employment hubs like Downtown LA and Mid-Wilshire, and is within walking distance of the Westlake/MacArthur Park and Metro
EXECUTIVE SUMMARY
This 1910s-built property features a mix of eight units, all with rents well below current market value. A strategic renovation plan, combined with the potential to add ADUs, can drive income significantly higher.
Residents will enjoy unparalleled connectivity, with easy access to the city's top employment hubs. Proximity to major centers like Downtown LA, Hollywood, and Beverly Hills is complemented by the convenience of nearby Metro stations.
Residents will enjoy unparalleled connectivity, with easy access to the city's top employment hubs. Proximity to major centers like Downtown LA, Hollywood, and Beverly Hills is complemented by the convenience of nearby Metro stations.
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $1,589,875 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $198,734 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 6.24% | Building Size | 5,960 SF |
| No. Units | 8 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1910/2004 |
| Zoning | RD1.5-1-HPOZ - "RD1.5-1-HPOZ" is a Los Angeles zoning code for a residential property within Historic Preservation Overlay Zone | ||
| Price | $1,589,875 CAD |
| Price Per Unit | $198,734 CAD |
| Sale Type | Investment |
| Cap Rate | 6.24% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 5,960 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1910/2004 |
| Zoning | RD1.5-1-HPOZ - "RD1.5-1-HPOZ" is a Los Angeles zoning code for a residential property within Historic Preservation Overlay Zone |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 2 | $1,448 CAD | - |
| 1+1 | 2 | $1,659 CAD | - |
| 2+1 | 4 | $1,763 CAD | - |
1 1
Walk Score®
Walker's Paradise (91)
Transit Score®
Excellent Transit (72)
Bike Score®
Very Bikeable (76)
PROPERTY TAXES
| Parcel Number | 5135-008-014 | Improvements Assessment | $181,581 CAD (2025) |
| Land Assessment | $595,403 CAD (2025) | Total Assessment | $776,984 CAD (2025) |
PROPERTY TAXES
Parcel Number
5135-008-014
Land Assessment
$595,403 CAD (2025)
Improvements Assessment
$181,581 CAD (2025)
Total Assessment
$776,984 CAD (2025)
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1419 Malvern Ave
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