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1548 N Alexandria Ave 9 Unit Apartment Building $4,146,578 CAD ($460,731 CAD/Unit) 5.90% Cap Rate Los Angeles, CA 90027
INVESTMENT HIGHLIGHTS
- Newer roof, cupper plumbing, New electrical panel, Retrofitting completed, 8 units plus a brand new ADU
EXECUTIVE SUMMARY
Prime Los Feliz 9-Unit Investment Opportunity with an ADU & Capital Improvements. Exceptional multifamily property located in highly desirable Los Feliz area. This well-maintained 9-unit building includes a strong unit mix consisting of 6 x 1-bedroom/1-bath, 1 x 2-bedroom/2-bath, 1 studio, and 1 ADU 1bedroom and 1 bath, with a private terrace. Each unit enjoys separate utility meters and one on-site parking space. Lot of notable features and upgrades. Significant capital improvements completed. Copper plumbing throughout. LA seismic retrofit mandate satisfied, newer roof, On-site laundry facilities. Strong in-place tenancy with long-term residents. The property is situated in a prime employment hub, surrounded by a wide range of industries, offering strong rental demand and potential upside. The excellent unit mix appeals to a broad tenant base. Don’t miss this rare opportunity. Per unit is $332,777.77
DATA ROOM Click Here to Access
- Offering Memorandum
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $4,146,578 CAD | Building Class | C |
| Price Per Unit | $460,731 CAD | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 6,367 SF |
| Cap Rate | 5.90% | No. Stories | 2 |
| No. Units | 9 | Year Built | 1959 |
| Property Type | Multifamily | Parking Ratio | 1.26/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | RD1.5, Los Angeles - restricted Density Multiple Dwelling | ||
| Price | $4,146,578 CAD |
| Price Per Unit | $460,731 CAD |
| Sale Type | Investment |
| Cap Rate | 5.90% |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 6,367 SF |
| No. Stories | 2 |
| Year Built | 1959 |
| Parking Ratio | 1.26/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RD1.5, Los Angeles - restricted Density Multiple Dwelling |
AMENITIES
UNIT AMENITIES
- Balcony
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | - | - |
| 2+1 | 1 | - | - |
Walk Score®
Walker's Paradise (92)
Transit Score®
Excellent Transit (72)
PROPERTY TAXES
| Parcel Number | 5543-006-003 | Improvements Assessment | $595,821 CAD (2025) |
| Land Assessment | $1,092,345 CAD (2025) | Total Assessment | $1,688,166 CAD (2025) |
PROPERTY TAXES
Parcel Number
5543-006-003
Land Assessment
$1,092,345 CAD (2025)
Improvements Assessment
$595,821 CAD (2025)
Total Assessment
$1,688,166 CAD (2025)
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1548 N Alexandria Ave
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