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1847 N Cherokee Ave 19 Unit Apartment Building $5,622,740 CAD ($295,934 CAD/Unit) 6% Cap Rate Los Angeles, CA 90028
INVESTMENT HIGHLIGHTS
- Prime Hollywood location, just 2 blocks from the Hollywood Walk of Fame
- Near major attractions such as Paramount, Hollywood Bowl, and Hollywood Boulevard .
- Walking distance to all community services and transportation.
- 14 private parking spaces (1.6/1,000 SF), rare for Hollywood properties.
- Includes on-site laundry, air conditioning in units, hardwood floors, and 24-hour access
- Central to major employment centers.
EXECUTIVE SUMMARY
Prime Hollywood location, surrounded by numerous newly built and under-construction developments, this is a rare opportunity to acquire a multi-family property in one of Los Angeles’ most dynamic growth corridors.
The offering consists of a two-story building on an 11,249 SF lot with favorable zoning for future development. The property is gated with private rear parking and no soft-story or tuck-under parking concerns. Features include an on-site laundry room, security camera system, and outdoor seating areas.
Unit mix includes 7 one-bedroom/one-bath units and 12 studio units. Priced attractively at $236,000 per door, this is the lowest-priced multi-family property in the area.
Sale is subject to seller’s 1031 exchange at no cost to buyer.
The offering consists of a two-story building on an 11,249 SF lot with favorable zoning for future development. The property is gated with private rear parking and no soft-story or tuck-under parking concerns. Features include an on-site laundry room, security camera system, and outdoor seating areas.
Unit mix includes 7 one-bedroom/one-bath units and 12 studio units. Priced attractively at $236,000 per door, this is the lowest-priced multi-family property in the area.
Sale is subject to seller’s 1031 exchange at no cost to buyer.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$394,963
|
$44.66
|
| Other Income |
$3,086
|
$0.35
|
| Vacancy Loss |
$9,758
|
$1.10
|
| Effective Gross Income |
$388,291
|
$43.90
|
| Taxes |
$57,352
|
$6.48
|
| Operating Expenses |
$31,070
|
$3.51
|
| Total Expenses |
$88,422
|
$10.00
|
| Net Operating Income |
$299,869
|
$33.91
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $394,963 |
| Annual Per SF | $44.66 |
| Other Income (CAD) | |
|---|---|
| Annual | $3,086 |
| Annual Per SF | $0.35 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $9,758 |
| Annual Per SF | $1.10 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $388,291 |
| Annual Per SF | $43.90 |
| Taxes (CAD) | |
|---|---|
| Annual | $57,352 |
| Annual Per SF | $6.48 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $31,070 |
| Annual Per SF | $3.51 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $88,422 |
| Annual Per SF | $10.00 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $299,869 |
| Annual Per SF | $33.91 |
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Hardwood Floors
- Stainless Steel Appliances
- Tub/Shower
- Walk-In Closets
- Garden
- Large Bedrooms
SITE AMENITIES
- 24 Hour Access
- Fenced Lot
- Laundry Facilities
- Gas Range
- Private Bathroom
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 12 | - | 500 |
| 1+1 | 7 | - | 750 |
Walk Score®
Walker's Paradise (97)
PROPERTY TAXES
| Parcel Number | 5547-003-010 | Total Assessment | $6,099,589 CAD |
| Land Assessment | $1,833,444 CAD | Annual Taxes | $57,352 CAD ($6.48 CAD/SF) |
| Improvements Assessment | $4,266,146 CAD | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
5547-003-010
Land Assessment
$1,833,444 CAD
Improvements Assessment
$4,266,146 CAD
Total Assessment
$6,099,589 CAD
Annual Taxes
$57,352 CAD ($6.48 CAD/SF)
Tax Year
2025
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1847 N Cherokee Ave
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