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1811 PARNELL AV 11 Unit Apartment Building $3,649,315 CAD ($331,756 CAD/Unit) 5.98% Cap Rate Los Angeles, CA 90025
Investment Highlights
- Strong rental demand area.
- Easy access to restaurants, shopping & services. Close proximity to UCLA/Westwood and short drive to the beach and Century City
- Residential apartment neighborhood conveniently positioned between major Westside commercial districts.
- 405 Freeway is readily accessible, convenient for commuting toward Santa Monica, Brentwood, Century City, Westwood,UCLA and the greater Westside-10
Executive Summary
11 Units in West Los Angeles, on a quiet residential pocket referred to as the "Sawtelle" or "West LA" neighborhood .Unit Mix of Five Studios and Six One Bedrooms. Strong rental demand area. Property has been in the same family for decades. Residential apartment neighborhood conveniently positioned between major Westside commercial districts. Easy access to restaurants, shopping & services. Close proximity to UCLA/Westwood and short drive to the beach and Century City. Located near Sawtelle/Japantown, one of the area's biggest attractions, with restaurants, cafes, and specialty shops. Santa Monica Boulevard is nearby, providing a large concentration of restaurants, coffee shops, grocery stores and services. Near distinctive dining corridors: Sawtelle Blvd (Japantown /"Little Osaka"), the Westwood Blvd corridor, and Pico Blvd(toward Rancho Park/Cheviot Hills)405 Freeway is readily accessible, convenient for commuting toward Santa Monica, Brentwood, Century City, Westwood, UCLA and the greater WestsideI-10 (Santa Monica Freeway) is about 2 miles south, reachable via Overland or Sepulveda. Walk Score of 79, Transit Score of 65 and Bike Score of 71. Please see OM in documents for more details. Drive by only do not disturb tenants.
Financial Summary (Pro Forma - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$354,333
|
$53.72
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$354,333
|
$53.72
|
| Taxes |
$43,820
|
$6.64
|
| Operating Expenses |
$92,122
|
$13.97
|
| Total Expenses |
$135,942
|
$20.61
|
| Net Operating Income |
$218,391
|
$33.11
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $354,333 |
| Annual Per SF | $53.72 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $354,333 |
| Annual Per SF | $53.72 |
| Taxes (CAD) | |
|---|---|
| Annual | $43,820 |
| Annual Per SF | $6.64 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $92,122 |
| Annual Per SF | $13.97 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $135,942 |
| Annual Per SF | $20.61 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $218,391 |
| Annual Per SF | $33.11 |
Property Facts
| Price | $3,649,315 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $331,756 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 5.98% | Building Size | 6,596 SF |
| Gross Rent Multiplier | 10.3 | Average Occupancy | 100% |
| No. Units | 11 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1971 |
| Property Subtype | Apartment | Parking Ratio | 1.67/1,000 SF |
| Zoning | R3-1, Los Angeles | ||
| Price | $3,649,315 CAD |
| Price Per Unit | $331,756 CAD |
| Sale Type | Investment |
| Cap Rate | 5.98% |
| Gross Rent Multiplier | 10.3 |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 6,596 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1971 |
| Parking Ratio | 1.67/1,000 SF |
| Zoning | R3-1, Los Angeles |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 5 | $2,278 CAD | 334 |
| 1+1 | 6 | $3,007 CAD | 656 - 691 |
Very walkable
80/100
Moderately drivable
70/100
Good public transit
60/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 4321-003-033 | Total Assessment | $1,892,268 CAD (2025) |
| Land Assessment | $1,012,141 CAD (2025) | Annual Taxes | $43,820 CAD ($6.64 CAD/SF) |
| Improvements Assessment | $880,127 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
4321-003-033
Land Assessment
$1,012,141 CAD (2025)
Improvements Assessment
$880,127 CAD (2025)
Total Assessment
$1,892,268 CAD (2025)
Annual Taxes
$43,820 CAD ($6.64 CAD/SF)
Tax Year
2026
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