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1651 W 11th Pl 4 Unit Apartment Building $1,269,470 CAD ($317,368 CAD/Unit) 5.53% Cap Rate Los Angeles, CA 90015
Investment Highlights
- A -4Unit Value-Add Apartment Community Just Outside of Downtown LA
- $188 Price Per Square Foot at the Asking Price
- Separately Metered for Gas and Electric
- 4 Large One-Bedroom Units with Living Room, Dining Room, and Laundry Area in Each Unit
- Approximately 1,200 Square Foot Units
- 5.53% Cap Rate with Over 24% Upside in Rents For New Ownership
Executive Summary
4-unit value-add property near Downtown Los Angeles featuring large ~1,200 SF 1-bedroom units with living, dining, and in-unit laundry areas. Separately metered for gas and electric. Offered at $188/SF with a 5.53% cap rate and 24%+ rental upside. ADU potential in the rear. Prime infill location close to major DTLA attractions and employment centers.
Financial Summary (Actual - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$109,682
|
$22.37
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$3,291
|
$0.67
|
| Effective Gross Income |
$106,391
|
$21.69
|
| Taxes |
$15,869
|
$3.24
|
| Operating Expenses |
$20,331
|
$4.15
|
| Total Expenses |
$36,200
|
$7.38
|
| Net Operating Income |
$70,191
|
$14.31
|
Financial Summary (Actual - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $109,682 |
| Annual Per SF | $22.37 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $3,291 |
| Annual Per SF | $0.67 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $106,391 |
| Annual Per SF | $21.69 |
| Taxes (CAD) | |
|---|---|
| Annual | $15,869 |
| Annual Per SF | $3.24 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $20,331 |
| Annual Per SF | $4.15 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $36,200 |
| Annual Per SF | $7.38 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $70,191 |
| Annual Per SF | $14.31 |
Property Facts
| Price | $1,269,470 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $317,368 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 5.53% | Building Size | 4,904 SF |
| Gross Rent Multiplier | 11.57 | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1911 |
| Property Subtype | Apartment | Parking Ratio | 0.82/1,000 SF |
| Zoning | R4-2, Los Angeles - Restricted Density Multiple Dwelling | ||
| Price | $1,269,470 CAD |
| Price Per Unit | $317,368 CAD |
| Sale Type | Investment |
| Cap Rate | 5.53% |
| Gross Rent Multiplier | 11.57 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 4,904 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1911 |
| Parking Ratio | 0.82/1,000 SF |
| Zoning | R4-2, Los Angeles - Restricted Density Multiple Dwelling |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
Very walkable
80/100
Moderately drivable
70/100
Exceptional public transit
90/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5137-019-020 | Total Assessment | $1,311,420 CAD (2025) |
| Land Assessment | $1,121,993 CAD (2025) | Annual Taxes | $15,869 CAD ($3.24 CAD/SF) |
| Improvements Assessment | $189,427 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
5137-019-020
Land Assessment
$1,121,993 CAD (2025)
Improvements Assessment
$189,427 CAD (2025)
Total Assessment
$1,311,420 CAD (2025)
Annual Taxes
$15,869 CAD ($3.24 CAD/SF)
Tax Year
2026
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1651 W 11th Pl
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