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Condo Mapped 2026 Construction 4 Units in LA! 1445-1447 S Redondo Blvd 4 Unit Apartment Building $4,451,655 CAD ($1,112,914 CAD/Unit) 5.01% Cap Rate Los Angeles, CA 90019



Investment Highlights
- Rare Condo Mapped Four Unit | This is a 2026 new construction, condo-mapped fourplex built by developer Thomas James Homes.
- Unit Amenities | Each residence features wide plank flooring, recessed lighting, designer fixtures, white shaker cabinetry and quartz countertops.
- Mid-Cities Location | Located at 1445 S Redondo Ave in the desirable Mid-Cities neighborhood.
- Perfect Investment Opportunity | The property can be leased for strong in-place income or held for future condo resale, providing multiple exits.
- All units include dedicated garage parking, private balconies, and individually metered utilities. One unit also includes a private outdoor space.
Executive Summary
John Katnik is proud to present this newly constructed 2026 condo-mapped fourplex located in the highly desirable Mid-Cities neighborhood! Built by TJH, the property consists of two duplexes totaling four vacant units ready for immediate occupancy. Offering endless flexibility for both investors and owner-users, a buyer can lease all four units or sell the units individually in the future.
Each residence features thoughtfully designed floor plans with top-of-the-line finishes throughout and exceptional attention to detail. Interiors include wide plank flooring, recessed lighting, designer plumbing fixtures, white shaker cabinetry, and premium quartz countertops. The modern kitchens are equipped with high-end stainless-steel appliances and curated finishes that complement the property’s contemporary farmhouse inspired design.
All units include dedicated garage parking, private balconies, and individually metered utilities, creating an efficient and low-maintenance ownership opportunity. One of the residences also features a private outdoor space, ideal for entertaining! Offered at an attractive $457 per square foot, the property presents a compelling day one basis for investors or homeowners seeking newly constructed product in a strong rental and resale market.
Each residence features thoughtfully designed floor plans with top-of-the-line finishes throughout and exceptional attention to detail. Interiors include wide plank flooring, recessed lighting, designer plumbing fixtures, white shaker cabinetry, and premium quartz countertops. The modern kitchens are equipped with high-end stainless-steel appliances and curated finishes that complement the property’s contemporary farmhouse inspired design.
All units include dedicated garage parking, private balconies, and individually metered utilities, creating an efficient and low-maintenance ownership opportunity. One of the residences also features a private outdoor space, ideal for entertaining! Offered at an attractive $457 per square foot, the property presents a compelling day one basis for investors or homeowners seeking newly constructed product in a strong rental and resale market.
Financial Summary (Pro Forma - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$300,795
|
$76.34
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$6,016
|
$1.53
|
| Effective Gross Income |
$294,779
|
$74.82
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$71,642
|
$18.18
|
| Net Operating Income |
$223,137
|
$56.63
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $300,795 |
| Annual Per SF | $76.34 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $6,016 |
| Annual Per SF | $1.53 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $294,779 |
| Annual Per SF | $74.82 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $71,642 |
| Annual Per SF | $18.18 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $223,137 |
| Annual Per SF | $56.63 |
Property Facts
| Price | $4,451,655 CAD | Apartment Style | Single-Family Home |
| Price Per Unit | $1,112,914 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 5.01% | Construction Status | Under Construction |
| Sale Condition | High Vacancy Property | Building Size | 7,103 SF |
| Gross Rent Multiplier | 14.8 | Average Occupancy | 0% |
| No. Units | 4 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2026 |
| Property Subtype | Apartment | Parking Ratio | 1.13/1,000 SF |
| Zoning | LARD1.5 | ||
| Price | $4,451,655 CAD |
| Price Per Unit | $1,112,914 CAD |
| Sale Type | Investment |
| Cap Rate | 5.01% |
| Sale Condition | High Vacancy Property |
| Gross Rent Multiplier | 14.8 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 0.15 AC |
| Construction Status | Under Construction |
| Building Size | 7,103 SF |
| Average Occupancy | 0% |
| No. Stories | 3 |
| Year Built | 2026 |
| Parking Ratio | 1.13/1,000 SF |
| Zoning | LARD1.5 |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Fireplace
- Microwave
- Washer/Dryer
- Heating
- Double Vanities
- Refrigerator
- Stainless Steel Appliances
- Tub/Shower
- Walk-In Closets
- Double Pane Windows
- Office
- Patio
- Vinyl Flooring
- Large Bedrooms
- Quartz Countertops
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2.5 | 1 | $5,205 CAD | 1,502 |
| 3+3.5 | 3 | $6,541 CAD | 1,667 - 1,986 |
1 1
Very walkable
80/100
Very drivable
80/100
Strong public transit
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5070-015-038 | Improvements Assessment | $936,902 CAD (2025) |
| Land Assessment | $1,408,516 CAD (2025) | Total Assessment | $2,345,418 CAD (2025) |
Property Taxes
Parcel Number
5070-015-038
Land Assessment
$1,408,516 CAD (2025)
Improvements Assessment
$936,902 CAD (2025)
Total Assessment
$2,345,418 CAD (2025)
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Condo Mapped 2026 Construction 4 Units in LA! | 1445-1447 S Redondo Blvd
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