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146 Witmer St 5 Unit Apartment Building $2,432,186 CAD ($486,437 CAD/Unit) 6.41% Cap Rate Los Angeles, CA 90026
Investment Highlights
- Turnkey 5-Unit Portfolio: Fully renovated property, featuring a mix of studio, 1BD, and 2BD units with modern finishes and zero deferred maintenance.
- Exceptionally located near the Financial District with easy freeway access, ensuring long-term appreciation and low vacancy rate.
- Strong 6%+ CAP Rate: High-yield investment opportunity in a high-demand rental market, optimized for immediate cash flow and quality tenant retention.
Executive Summary
Excellent investment opportunity near Downtown Los Angeles featuring a fully renovated multi-unit property with strong income potential and an attractive CAP rate
over 6%. This upgraded property consists of five units total: 1 studio, 3 one-bedroom/one-bath units, and 1 two-bedroom/one-bath unit. All units have been newly remodeled with modern finishes, offering bright and functional floor plans designed to attract quality tenants. Each unit features comfortable living space with abundant natural light, updated kitchens with new countertops, and ample cabinetry. Recent renovations provide a turnkey investment with minimal deferred maintenance. Conveniently located near Downtown LA with easy access to shopping, dining, public transportation, and major freeways, making it an ideal rental location in a high-demand market. Perfect opportunity for investors and 1031 exchange buyers seeking steady income and long-term growth potential.
over 6%. This upgraded property consists of five units total: 1 studio, 3 one-bedroom/one-bath units, and 1 two-bedroom/one-bath unit. All units have been newly remodeled with modern finishes, offering bright and functional floor plans designed to attract quality tenants. Each unit features comfortable living space with abundant natural light, updated kitchens with new countertops, and ample cabinetry. Recent renovations provide a turnkey investment with minimal deferred maintenance. Conveniently located near Downtown LA with easy access to shopping, dining, public transportation, and major freeways, making it an ideal rental location in a high-demand market. Perfect opportunity for investors and 1031 exchange buyers seeking steady income and long-term growth potential.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$214,057
|
$89.60
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$214,057
|
$89.60
|
| Taxes |
$30,403
|
$12.73
|
| Operating Expenses |
$27,758
|
$11.62
|
| Total Expenses |
$58,160
|
$24.35
|
| Net Operating Income |
$155,897
|
$65.26
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $214,057 |
| Annual Per SF | $89.60 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $214,057 |
| Annual Per SF | $89.60 |
| Taxes (CAD) | |
|---|---|
| Annual | $30,403 |
| Annual Per SF | $12.73 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $27,758 |
| Annual Per SF | $11.62 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $58,160 |
| Annual Per SF | $24.35 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $155,897 |
| Annual Per SF | $65.26 |
Property Facts
| Price | $2,432,186 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $486,437 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.10 AC |
| Cap Rate | 6.41% | Building Size | 2,389 SF |
| Gross Rent Multiplier | 11.36 | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1920/2021 |
| Property Subtype | Apartment | Parking Ratio | 3.35/1,000 SF |
| Zoning | LACW - Multiple Dwelling Category | ||
| Price | $2,432,186 CAD |
| Price Per Unit | $486,437 CAD |
| Sale Type | Investment |
| Cap Rate | 6.41% |
| Gross Rent Multiplier | 11.36 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.10 AC |
| Building Size | 2,389 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1920/2021 |
| Parking Ratio | 3.35/1,000 SF |
| Zoning | LACW - Multiple Dwelling Category |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Disposal
- Heating
- Hardwood Floors
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Double Pane Windows
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $3,181 CAD | 420 |
| 1+1 | 3 | $10,487 CAD | 480 |
| 2+1 | 1 | $4,170 CAD | 529 |
1 1
Very walkable
80/100
Moderately drivable
70/100
Exceptional public transit
90/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 5153-030-016 | Total Assessment | $1,875,071 CAD |
| Land Assessment | $1,698,178 CAD | Annual Taxes | $30,403 CAD ($12.73 CAD/SF) |
| Improvements Assessment | $176,894 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
5153-030-016
Land Assessment
$1,698,178 CAD
Improvements Assessment
$176,894 CAD
Total Assessment
$1,875,071 CAD
Annual Taxes
$30,403 CAD ($12.73 CAD/SF)
Tax Year
2025
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146 Witmer St
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