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155 S Westmoreland Ave 4 Unit Apartment Building $2,373,064 CAD ($593,266 CAD/Unit) 4.35% Cap Rate Los Angeles, CA 90004
INVESTMENT HIGHLIGHTS
- Turnkey generational asset in the heart of Los Angeles
- Meticulously maintained property with recently updated systems
- Two separate structures with privacy hedges and sliding front gate
EXECUTIVE SUMMARY
Delivered fully stabilized! Pride of ownership, turnkey, generational asset in a prime location of Rampart Village. There are two structures on the lot with a sliding entry gate, privacy hedges, and space for parking 8 cars. This property has been meticulously maintained with recently updated landscaping and electrical system, sewer line replacement, and rebuilt showers and plumbing. Desirable unit mix of side-by-side 2 beds/1 bath units. All units to be delivered recently remodeled and at market rents. Located on a quiet, dead-end tree lined street in an excellent pocket of Los Angeles. Tons of period character throughout the property. Dense rental market with low vacancy and only 2 minutes from the freeway and 5 minutes to downtown LA. Great opportunity to buy a stabilized, generational asset in the heart of Los Angeles! Please drive by only, do not disturb tenants.
FINANCIAL SUMMARY (ACTUAL - 2023) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$178,064
|
$47.56
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$8,903
|
$2.38
|
| Effective Gross Income |
$169,160
|
$45.18
|
| Taxes |
$29,663
|
$7.92
|
| Operating Expenses |
$36,353
|
$9.71
|
| Total Expenses |
$66,016
|
$17.63
|
| Net Operating Income |
$103,145
|
$27.55
|
FINANCIAL SUMMARY (ACTUAL - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $178,064 |
| Annual Per SF | $47.56 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $8,903 |
| Annual Per SF | $2.38 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $169,160 |
| Annual Per SF | $45.18 |
| Taxes (CAD) | |
|---|---|
| Annual | $29,663 |
| Annual Per SF | $7.92 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $36,353 |
| Annual Per SF | $9.71 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $66,016 |
| Annual Per SF | $17.63 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $103,145 |
| Annual Per SF | $27.55 |
PROPERTY FACTS
| Price | $2,373,064 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $593,266 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 4.35% | Building Size | 3,744 SF |
| Sale Condition | 1031 Exchange | No. Stories | 2 |
| Gross Rent Multiplier | 13.33 | Year Built | 1937 |
| No. Units | 4 | Parking Ratio | 2.14/1,000 SF |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment | ||
| Zoning | R3, Los Angeles - Multiple Dwelling R2 Uses, Apartment Houses, Multiple Dwellings, Child Care (20 max) | ||
| Price | $2,373,064 CAD |
| Price Per Unit | $593,266 CAD |
| Sale Type | Investment |
| Cap Rate | 4.35% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 13.33 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 3,744 SF |
| No. Stories | 2 |
| Year Built | 1937 |
| Parking Ratio | 2.14/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R3, Los Angeles - Multiple Dwelling R2 Uses, Apartment Houses, Multiple Dwellings, Child Care (20 max) |
AMENITIES
UNIT AMENITIES
- Washer/Dryer Hookup
- Hardwood Floors
SITE AMENITIES
- Gated
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 4 | $3,779 CAD | 925 |
1 1
Walk Score®
Walker's Paradise (92)
Transit Score®
Excellent Transit (72)
PROPERTY TAXES
| Parcel Number | 5501-015-002 | Total Assessment | $2,248,263 CAD (2025) |
| Land Assessment | $1,573,786 CAD (2025) | Annual Taxes | $29,663 CAD ($7.92 CAD/SF) |
| Improvements Assessment | $674,477 CAD (2025) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
5501-015-002
Land Assessment
$1,573,786 CAD (2025)
Improvements Assessment
$674,477 CAD (2025)
Total Assessment
$2,248,263 CAD (2025)
Annual Taxes
$29,663 CAD ($7.92 CAD/SF)
Tax Year
2023
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155 S Westmoreland Ave
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