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2005 Magnolia Ave 2 Unit Apartment Building $2,116,971 CAD ($1,058,486 CAD/Unit) 8.62% Cap Rate Los Angeles, CA 90007
Investment Highlights
- Located near USC, Downtown Los Angeles, and major freeways.
- Parking for up to six vehicles on a 5,963-square-foot lot.
- Zoned LAR4, offering potential for redevelopment or value-add strategies.
- Large multi-family property with 4,620 square feet of living space.
Executive Summary
Situated at 2005 Magnolia Avenue, Los Angeles, CA 90007, this high-demand multifamily asset offers an exceptional investment opportunity just minutes from the University of Southern California (USC). The property features two expansive units totaling 14 bedrooms and 4 bathrooms across 4,620 square feet, making it ideal for student housing or Airbnb. With R4 zoning and existing plans for an ADU, there's significant potential to increase density and maximize returns. Located on a 5,965 square foot lot in the Standard SLC area, it's well within biking distance to USC and easily accessible by public transportation, ensuring strong and consistent tenant demand. Listed at just $389.61 per square foot, with operating expenses of only $13,260 and a net operating income of $154,740, this property already performs at a high level — with room to grow. Whether you're seeking immediate cash flow, future development upside, or both, 2005 Magnolia Avenue delivers historic charm, unbeatable location, and serious investment potential in the heart of Los Angeles.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$182,515
|
$39.51
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$182,515
|
$39.51
|
| Taxes |
$18,789
|
$4.07
|
| Operating Expenses |
$18,007
|
$3.90
|
| Total Expenses |
$36,796
|
$7.96
|
| Net Operating Income |
$145,719
|
$31.54
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $182,515 |
| Annual Per SF | $39.51 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $182,515 |
| Annual Per SF | $39.51 |
| Taxes (CAD) | |
|---|---|
| Annual | $18,789 |
| Annual Per SF | $4.07 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $18,007 |
| Annual Per SF | $3.90 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $36,796 |
| Annual Per SF | $7.96 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $145,719 |
| Annual Per SF | $31.54 |
Property Facts
Amenities
Unit Amenities
- Tile Floors
- Eat-in Kitchen
Site Amenities
- 24 Hour Access
- Multi Use Room
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 7+3 | 1 | $9,506 CAD | 3,000 |
| 8+2.5 | 2 | $9,506 CAD | 1,600 |
1 1
Very walkable
80/100
Very drivable
80/100
Exceptional public transit
90/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 5056-029-005 | Total Assessment | $1,791,439 CAD |
| Land Assessment | $1,254,007 CAD | Annual Taxes | $18,789 CAD ($4.07 CAD/SF) |
| Improvements Assessment | $537,432 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
5056-029-005
Land Assessment
$1,254,007 CAD
Improvements Assessment
$537,432 CAD
Total Assessment
$1,791,439 CAD
Annual Taxes
$18,789 CAD ($4.07 CAD/SF)
Tax Year
2025
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2005 Magnolia Ave
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