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2000 Argyle 2000 Argyle Ave 9 Unit Apartment Building $4,271,190 CAD ($474,577 CAD/Unit) 6.36% Cap Rate Los Angeles, CA 90068
Investment Highlights
- $200K PRICE IMPROVEMENT - SELLER MOTIVATED
- 6 units NON-LA RENT CONTOL
- Quiet Street Up Market
- 9 unit Hollywood Hills Apratment Building For Sale
- 10.9 GRM 6.4 Cap Rate
- 6 Units Central Air, Balconies, Washer/Dryer
Executive Summary
$200K PRICE REDUCTION-SELLER MOTIVATED!
9 units for sale - 6 units NON-LA RENT CONTOL - Increase 8% immediately 10.9 GRM 6.4 Cap Rate
9 units total - Hollywood Hills - Quiet street, up market neighborhood
6 units not subject to city of LA Rent Control (Built 2008)
2 buildings totaling +/- 8,632 sq ft
Lot zoned R3/TOC Tier 3 - +/- 10,222 sq ft - room for ADU's
Secure nine-unit apartment complex in Hollywood Hills above Franklin Ave. Safe, quiet street; up market tenants. Excellent condition, beautifully maintained, highly secure w/gated entry.
14 covered parking spaces behind automatic gate (one for each bedroom).
Attractive unit mix: (1) three bed two bath unit, (2) two bed two bath units and (6) one bed one bath units in two structures. 2008 building has an elevator, 5.7 megawatt solar system, and six units all exempt from LA RSO; each unit has central air, balcony and washer/dryer and hardwood floors. Room for ADU's and/or additional units in R3/TOC Tier 3 zoning on large 10,222 sq ft lot. Buyer to verify all property details.
West building (built 1912, 1981 and 1983) three units: (1) three bedroom two bath and (2) one bedroom units(1 non-conforming).
East building(built 2008) six units - (2) two bed two bath and (4) one bed one bath (all six units non LA RSO); 5.7 megawatt solar system; elevator; each unit has central air, balcony, washer/dryer, real hardwood floors
Three bed unit (owners') and (2) one bed units will be delivered vacant (calculated at accurate market rent in investment analysis/setup).
Must see - PLEASE DO NOT ENTER PROPERTY W/OUT BROKER OR DISTURB TENANTS.
9 units for sale - 6 units NON-LA RENT CONTOL - Increase 8% immediately 10.9 GRM 6.4 Cap Rate
9 units total - Hollywood Hills - Quiet street, up market neighborhood
6 units not subject to city of LA Rent Control (Built 2008)
2 buildings totaling +/- 8,632 sq ft
Lot zoned R3/TOC Tier 3 - +/- 10,222 sq ft - room for ADU's
Secure nine-unit apartment complex in Hollywood Hills above Franklin Ave. Safe, quiet street; up market tenants. Excellent condition, beautifully maintained, highly secure w/gated entry.
14 covered parking spaces behind automatic gate (one for each bedroom).
Attractive unit mix: (1) three bed two bath unit, (2) two bed two bath units and (6) one bed one bath units in two structures. 2008 building has an elevator, 5.7 megawatt solar system, and six units all exempt from LA RSO; each unit has central air, balcony and washer/dryer and hardwood floors. Room for ADU's and/or additional units in R3/TOC Tier 3 zoning on large 10,222 sq ft lot. Buyer to verify all property details.
West building (built 1912, 1981 and 1983) three units: (1) three bedroom two bath and (2) one bedroom units(1 non-conforming).
East building(built 2008) six units - (2) two bed two bath and (4) one bed one bath (all six units non LA RSO); 5.7 megawatt solar system; elevator; each unit has central air, balcony, washer/dryer, real hardwood floors
Three bed unit (owners') and (2) one bed units will be delivered vacant (calculated at accurate market rent in investment analysis/setup).
Must see - PLEASE DO NOT ENTER PROPERTY W/OUT BROKER OR DISTURB TENANTS.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$391,241
|
$45.32
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$11,737
|
$1.36
|
| Effective Gross Income |
$379,504
|
$43.96
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$107,805
|
$12.49
|
| Net Operating Income |
$271,699
|
$31.48
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $391,241 |
| Annual Per SF | $45.32 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $11,737 |
| Annual Per SF | $1.36 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $379,504 |
| Annual Per SF | $43.96 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $107,805 |
| Annual Per SF | $12.49 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $271,699 |
| Annual Per SF | $31.48 |
Property Facts
| Price | $4,271,190 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $474,577 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.23 AC |
| Cap Rate | 6.36% | Building Size | 8,632 SF |
| Gross Rent Multiplier | 10.9 | Average Occupancy | 89% |
| No. Units | 9 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2008 |
| Property Subtype | Apartment | Parking Ratio | 1.97/1,000 SF |
| Zoning | R3/TOC Tier 3 - within a half-mile of a major transit stop, Multiple Dwelling R3 Uses, Apartment Houses, Multiple Dwellings, Child Care (20 max) | ||
| Price | $4,271,190 CAD |
| Price Per Unit | $474,577 CAD |
| Sale Type | Investment |
| Cap Rate | 6.36% |
| Gross Rent Multiplier | 10.9 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.23 AC |
| Building Size | 8,632 SF |
| Average Occupancy | 89% |
| No. Stories | 3 |
| Year Built | 2008 |
| Parking Ratio | 1.97/1,000 SF |
| Zoning | R3/TOC Tier 3 - within a half-mile of a major transit stop, Multiple Dwelling R3 Uses, Apartment Houses, Multiple Dwellings, Child Care (20 max) |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 2 | $4,707 CAD | 846 |
| 1+1 | 6 | $3,450 CAD | 677 |
| 3+2 | 1 | $6,155 CAD | 1,354 |
1 1
Moderately walkable
70/100
Very drivable
80/100
Good public transit
60/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 5586-004-019 | Improvements Assessment | $1,258,992 CAD |
| Land Assessment | $330,311 CAD | Total Assessment | $1,589,304 CAD |
Property Taxes
Parcel Number
5586-004-019
Land Assessment
$330,311 CAD
Improvements Assessment
$1,258,992 CAD
Total Assessment
$1,589,304 CAD
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2000 Argyle | 2000 Argyle Ave
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