Log In/Sign Up
Your email has been sent.
1537 Corinth Ave 18 Unit Apartment Building $5,598,807 CAD ($311,045 CAD/Unit) 5.58% Cap Rate Los Angeles, CA 90025
Investment Highlights
- Excellent Westside Location
- 10%+ Rental Upside
- 11.22 GRM, 5.58% CURRENT CAP RATE
Executive Summary
The Corinth Apartments are a well maintained rent controlled property located in the City of Los Angeles in West Los Angeles. Built with beautiful European architecture this property presents an astute investor a reposition opportunity as there is approximately 10% upside in rents.
Financial Summary (Pro Forma - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$496,888
|
$57.80
|
| Other Income |
$2,148
|
$0.25
|
| Vacancy Loss |
$14,971
|
$1.74
|
| Effective Gross Income |
$484,065
|
$56.31
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$171,716
|
$19.98
|
| Net Operating Income |
$312,349
|
$36.34
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $496,888 |
| Annual Per SF | $57.80 |
| Other Income (CAD) | |
|---|---|
| Annual | $2,148 |
| Annual Per SF | $0.25 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $14,971 |
| Annual Per SF | $1.74 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $484,065 |
| Annual Per SF | $56.31 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $171,716 |
| Annual Per SF | $19.98 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $312,349 |
| Annual Per SF | $36.34 |
Property Facts
| Price | $5,598,807 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $311,045 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 5.58% | Building Size | 8,596 SF |
| Gross Rent Multiplier | 11.22 | Average Occupancy | 100% |
| No. Units | 18 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1913 |
| Property Subtype | Apartment | ||
| Zoning | LAR3 - Residential | ||
| Price | $5,598,807 CAD |
| Price Per Unit | $311,045 CAD |
| Sale Type | Investment |
| Cap Rate | 5.58% |
| Gross Rent Multiplier | 11.22 |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 8,596 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1913 |
| Zoning | LAR3 - Residential |
Amenities
Unit Amenities
- Hardwood Floors
- Oven
- Range
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 16 | - | - |
| 1+1 | 1 | - | - |
| 2+2 | 1 | - | - |
1 1
Walk Score®
Very Walkable (88)
Bike Score®
Very Bikeable (77)
Property Taxes
| Parcel Number | 4261-004-009 | Improvements Assessment | $888,745 CAD (2025) |
| Land Assessment | $2,844,002 CAD (2025) | Total Assessment | $3,732,747 CAD (2025) |
Property Taxes
Parcel Number
4261-004-009
Land Assessment
$2,844,002 CAD (2025)
Improvements Assessment
$888,745 CAD (2025)
Total Assessment
$3,732,747 CAD (2025)
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
1537 Corinth Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.