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16037 Gault St 5 Unit Apartment Building $1,863,200 CAD ($372,640 CAD/Unit) Van Nuys, CA 91406
Investment Highlights
- Very large lot, near all transportation. Great candidate for ADU and additions.
Executive Summary
Well maintained 5 units on an over 10,500 square feet lot perfect for ADU and other additions. Property had 5 attached garages plus lots of surface parking that would make this property perfect for expansion. Always occupied and easy to maintain.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$131,504
|
$35.82
|
| Other Income |
$493
|
$0.13
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$131,997
|
$35.96
|
| Taxes |
$21,578
|
$5.88
|
| Operating Expenses |
$22,605
|
$6.16
|
| Total Expenses |
$44,183
|
$12.04
|
| Net Operating Income |
$87,814
|
$23.92
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $131,504 |
| Annual Per SF | $35.82 |
| Other Income (CAD) | |
|---|---|
| Annual | $493 |
| Annual Per SF | $0.13 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $131,997 |
| Annual Per SF | $35.96 |
| Taxes (CAD) | |
|---|---|
| Annual | $21,578 |
| Annual Per SF | $5.88 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $22,605 |
| Annual Per SF | $6.16 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $44,183 |
| Annual Per SF | $12.04 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $87,814 |
| Annual Per SF | $23.92 |
Property Facts
| Price | $1,863,200 CAD | Building Class | C |
| Price Per Unit | $372,640 CAD | Lot Size | 0.24 AC |
| Sale Type | Investment | Building Size | 3,671 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1953 |
| Property Subtype | Apartment | Parking Ratio | 4.09/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | RD1.5-1, Los Angeles - Multiple Dwelling | ||
| Price | $1,863,200 CAD |
| Price Per Unit | $372,640 CAD |
| Sale Type | Investment |
| Sale Condition | 1031 Exchange |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 3,671 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1953 |
| Parking Ratio | 4.09/1,000 SF |
| Zoning | RD1.5-1, Los Angeles - Multiple Dwelling |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Yard
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Fenced Lot
- Tenant Controlled HVAC
- Gated
- Public Transportation
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 5 | $2,163 CAD | - |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 2224-004-044 | Total Assessment | $624,347 CAD |
| Land Assessment | $291,363 CAD | Annual Taxes | $21,578 CAD ($5.88 CAD/SF) |
| Improvements Assessment | $332,984 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
2224-004-044
Land Assessment
$291,363 CAD
Improvements Assessment
$332,984 CAD
Total Assessment
$624,347 CAD
Annual Taxes
$21,578 CAD ($5.88 CAD/SF)
Tax Year
2025
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16037 Gault St
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