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1817 Garfield Pl 10 Unit Apartment Building $6,613,440 CAD ($661,344 CAD/Unit) 5.37% Cap Rate Los Angeles, CA 90028
INVESTMENT HIGHLIGHTS
- Prime Hollywood Location
- Desirable Unit Mix- all 2-Bedroom, 2.5 Bathroom Townhouse-Style Units with Spacious Floorpans
- Central A/C and Heat
- Built in 2002. Not subject to LA City Rent Control
- Subterranean Parking & In-Unit Laundry
EXECUTIVE SUMMARY
Located in the heart of Hollywood, this property on Garfield Avenue offers exceptional access to one of Los Angeles's most vibrant and dynamic neighborhoods. Residents benefit from proximity to major employment hubs including Netflix, Paramount Pictures, and the Hollywood Media District, home to a growing number of entertainment and digital media companies.
The property is well-served by public transportation, with nearby access to the Metro Red Line (Hollywood/Western and Vermont/Sunset stations) and the 101 Freeway, providing seamless connectivity across the city. Surrounded by iconic landmarks such as Griffith Park & Runyon Canyon, the location offers a unique blend of nature and culture. A wife array of restaurants, nightlife, and retail are just moments away. Including popular destinations like Musso & Frank Grill, Jones Hollywood, the Hollywood Farmers Market, and the Hollywood & Highland Center.
The area continues to experience significant investment and redevelopment, with numerous new mixed-use and multifamily projects in the pipeline. Zoned for growth and positioned near several opportunity zones, this location is ideal for investors seeking long-term upside in a high-demand rental market.
The property is well-served by public transportation, with nearby access to the Metro Red Line (Hollywood/Western and Vermont/Sunset stations) and the 101 Freeway, providing seamless connectivity across the city. Surrounded by iconic landmarks such as Griffith Park & Runyon Canyon, the location offers a unique blend of nature and culture. A wife array of restaurants, nightlife, and retail are just moments away. Including popular destinations like Musso & Frank Grill, Jones Hollywood, the Hollywood Farmers Market, and the Hollywood & Highland Center.
The area continues to experience significant investment and redevelopment, with numerous new mixed-use and multifamily projects in the pipeline. Zoned for growth and positioned near several opportunity zones, this location is ideal for investors seeking long-term upside in a high-demand rental market.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$547,903
|
$48.95
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$16,437
|
$1.47
|
| Effective Gross Income |
$531,466
|
$47.49
|
| Taxes |
$79,637
|
$7.12
|
| Operating Expenses |
$96,452
|
$8.62
|
| Total Expenses |
$176,088
|
$15.73
|
| Net Operating Income |
$355,377
|
$31.75
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $547,903 |
| Annual Per SF | $48.95 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $16,437 |
| Annual Per SF | $1.47 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $531,466 |
| Annual Per SF | $47.49 |
| Taxes (CAD) | |
|---|---|
| Annual | $79,637 |
| Annual Per SF | $7.12 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $96,452 |
| Annual Per SF | $8.62 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $176,088 |
| Annual Per SF | $15.73 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $355,377 |
| Annual Per SF | $31.75 |
PROPERTY FACTS
| Price | $6,613,440 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $661,344 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.22 AC |
| Cap Rate | 5.37% | Building Size | 11,192 SF |
| Gross Rent Multiplier | 12.07 | No. Stories | 2 |
| No. Units | 10 | Year Built | 2002 |
| Property Type | Multifamily | Parking Ratio | 1.8/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | LAR3 | ||
| Price | $6,613,440 CAD |
| Price Per Unit | $661,344 CAD |
| Sale Type | Investment |
| Cap Rate | 5.37% |
| Gross Rent Multiplier | 12.07 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 11,192 SF |
| No. Stories | 2 |
| Year Built | 2002 |
| Parking Ratio | 1.8/1,000 SF |
| Zoning | LAR3 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Microwave
- Heating
- Refrigerator
- Range
SITE AMENITIES
- Controlled Access
- Laundry Facilities
- Gated
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2.5 | 10 | $4,478 CAD | 1,120 |
1 1
Walk Score®
Very Walkable (87)
PROPERTY TAXES
| Parcel Number | 5544-003-014 | Total Assessment | $7,588,195 CAD (2025) |
| Land Assessment | $4,552,917 CAD (2025) | Annual Taxes | $79,637 CAD ($7.12 CAD/SF) |
| Improvements Assessment | $3,035,278 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
5544-003-014
Land Assessment
$4,552,917 CAD (2025)
Improvements Assessment
$3,035,278 CAD (2025)
Total Assessment
$7,588,195 CAD (2025)
Annual Taxes
$79,637 CAD ($7.12 CAD/SF)
Tax Year
2024
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1817 Garfield Pl
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