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1537 Corinth Ave 18 Unit Apartment Building $5,642,091 CAD ($313,449 CAD/Unit) 5.43% Cap Rate Los Angeles, CA 90025
INVESTMENT HIGHLIGHTS
- Excellent Westside Location
- 10.5%+ Rental Upside
- 11.42 GRM, 5.43% 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 - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$491,785
|
$57.21
|
| Other Income |
$2,165
|
$0.25
|
| Vacancy Loss |
$14,818
|
$1.72
|
| Effective Gross Income |
$479,131
|
$55.74
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$172,775
|
$20.10
|
| Net Operating Income |
$306,357
|
$35.64
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $491,785 |
| Annual Per SF | $57.21 |
| Other Income (CAD) | |
|---|---|
| Annual | $2,165 |
| Annual Per SF | $0.25 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $14,818 |
| Annual Per SF | $1.72 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $479,131 |
| Annual Per SF | $55.74 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $172,775 |
| Annual Per SF | $20.10 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $306,357 |
| Annual Per SF | $35.64 |
PROPERTY FACTS
| Price | $5,642,091 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $313,449 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 5.43% | Building Size | 8,596 SF |
| Gross Rent Multiplier | 11.42 | Average Occupancy | 100% |
| No. Units | 18 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1913 |
| Property Subtype | Apartment | ||
| Zoning | LAR3 - Residential | ||
| Price | $5,642,091 CAD |
| Price Per Unit | $313,449 CAD |
| Sale Type | Investment |
| Cap Rate | 5.43% |
| Gross Rent Multiplier | 11.42 |
| 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)
PROPERTY TAXES
| Parcel Number | 4261-004-009 | Improvements Assessment | $898,251 CAD |
| Land Assessment | $2,874,422 CAD | Total Assessment | $3,772,674 CAD |
PROPERTY TAXES
Parcel Number
4261-004-009
Land Assessment
$2,874,422 CAD
Improvements Assessment
$898,251 CAD
Total Assessment
$3,772,674 CAD
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1537 Corinth Ave
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