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1931 West 35th Street 1931 W 35th Pl 4 Unit Apartment Building $1,778,009 CAD ($444,502 CAD/Unit) 8.57% Cap Rate Los Angeles, CA 90018
Investment Highlights
- Four-unit apartment building with two units delivered vacant at closing.
- Potential to add an ADU in the backyard with alley access for additional income.
- Updated safety features, including security bars and gas meter protection, installed with permits.
- Recent capital improvements include new roof, electrical upgrades, and renovated kitchens.
- Centrally located near the Expo Line, major freeways, and Downtown Los Angeles.
- Exterior enhancements completed in 2024 and 2025, including new stucco and paint.
Executive Summary
2 Units will be delivered VACANT at closing. Discover this well-maintained 4-unit apartment building situated in one of Los Angeles' strongest rental markets. Spanning approximately 3,340 sq.ft. Livable Space sitting on just under 7,000 sq ft Lot Size Built in 1945. Significant upside with the possibility of adding an Accessory Dwelling Unit (ADU) in the back yard with alley access. The property offers four 2-bedroom, 1-bath units each around 835 sq.ft. per unit. Centrally located near the Expo Line, minutes from major freeways and Downtown LA. All units are tenant occupied. Here are some key points on the property:Roof and Gutters: New roof, gutters and downspouts installed in 2020. Electrical: Complete gutting of electrical systems (wires, outlets, lights) with permits in all units, upgraded to current code and new Electrical panel upgraded in 2017. Water Heating: Two new water heaters installed in 2020, new expansion tanks, and water pressure regulator installed in 2017. Two new water heaters installed in 2025.Sprinkler System: New sprinkler system installed in 2021. Unit Renovations: Unit 1931 was gutted to the studs and renovated in 2017. New kitchens installed in units 1933 1/2 (2020), 1931 (2020), and 1933 (2024). All units have new laminate flooring in the bedrooms and common areas. Painted throughout exterior in 2024. Safety Features: Bars protecting gas meters installed in 2020. Security bars added to Unit 1931 with permits in 2021. Aesthetics and Maintenance: New paint on all iron gates and fences completed in 2024. Concrete parking stoppers 2020. Entire property received new stucco in 2024, with touch-ups done in 2025. Pest Control: Entire building tented for termites in 2017.
Financial Summary (Actual - 2024) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Amenities
Unit Amenities
- Kitchen
- Yard
- Dining Room
- Family Room
- Lawn
Site Amenities
- 24 Hour Access
Moderately walkable
60/100
Very drivable
80/100
Good public transit
60/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5042-030-035 | Improvements Assessment | $217,564 CAD (2025) |
| Land Assessment | $336,680 CAD (2025) | Total Assessment | $554,243 CAD (2025) |
Property Taxes
Parcel Number
5042-030-035
Land Assessment
$336,680 CAD (2025)
Improvements Assessment
$217,564 CAD (2025)
Total Assessment
$554,243 CAD (2025)
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1931 West 35th Street | 1931 W 35th Pl
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