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1537 Corinth Ave 18 Unit Apartment Building $5,656,014 CAD ($314,223 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 |
$501,965
|
$58.40
|
| Other Income |
$2,170
|
$0.25
|
| Vacancy Loss |
$15,124
|
$1.76
|
| Effective Gross Income |
$489,011
|
$56.89
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$173,470
|
$20.18
|
| Net Operating Income |
$315,541
|
$36.71
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $501,965 |
| Annual Per SF | $58.40 |
| Other Income (CAD) | |
|---|---|
| Annual | $2,170 |
| Annual Per SF | $0.25 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $15,124 |
| Annual Per SF | $1.76 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $489,011 |
| Annual Per SF | $56.89 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $173,470 |
| Annual Per SF | $20.18 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $315,541 |
| Annual Per SF | $36.71 |
Property Facts
| Price | $5,656,014 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $314,223 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 | $5,656,014 CAD |
| Price Per Unit | $314,223 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
Very walkable
80/100
Very drivable
80/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 4261-004-009 | Improvements Assessment | $884,453 CAD (2025) |
| Land Assessment | $2,830,268 CAD (2025) | Total Assessment | $3,714,721 CAD (2025) |
Property Taxes
Parcel Number
4261-004-009
Land Assessment
$2,830,268 CAD (2025)
Improvements Assessment
$884,453 CAD (2025)
Total Assessment
$3,714,721 CAD (2025)
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1537 Corinth Ave
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