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2008-2020 Strongs Dr 7 Unit Apartment Building $4,993,275 CAD ($713,325 CAD/Unit) 5.54% Cap Rate Venice, CA 90291
INVESTMENT HIGHLIGHTS
- Below-Market Assumable Debt
- Excellent In-Place Cap Rate of 5.45%
- New electrical 400-amp service
- Excellent In-Place GRM 12.7
- New Kitchens and Bathrooms in some units
- Tankless hot water heaters in most units
EXECUTIVE SUMMARY
7 Units steps from the beach offered at a 5.54% CAP and 12.7 GRM
DATA ROOM Click Here to Access
- Offering Memorandum
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$384,778
|
$96.00
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$384,778
|
$96.00
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$108,178
|
$26.99
|
| Net Operating Income |
$276,600
|
$69.01
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $384,778 |
| Annual Per SF | $96.00 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $384,778 |
| Annual Per SF | $96.00 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $108,178 |
| Annual Per SF | $26.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $276,600 |
| Annual Per SF | $69.01 |
PROPERTY FACTS
| Price | $4,993,275 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $713,325 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 5.54% | Building Size | 4,008 SF |
| Gross Rent Multiplier | 12.7 | No. Stories | 2 |
| No. Units | 7 | Year Built | 1922 |
| Property Type | Multifamily | Parking Ratio | 1/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | LAR3 & LAR1.5 | ||
| Price | $4,993,275 CAD |
| Price Per Unit | $713,325 CAD |
| Sale Type | Investment |
| Cap Rate | 5.54% |
| Gross Rent Multiplier | 12.7 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 4,008 SF |
| No. Stories | 2 |
| Year Built | 1922 |
| Parking Ratio | 1/1,000 SF |
| Zoning | LAR3 & LAR1.5 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | $4,432 CAD | - |
| 1+1 | 1 | $6,091 CAD | - |
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Walk Score®
Walker's Paradise (95)
Bike Score®
Biker's Paradise (98)
PROPERTY TAXES
| Parcel Number | 4238-022-031 | Improvements Assessment | $531,482 CAD |
| Land Assessment | $2,125,935 CAD | Total Assessment | $2,657,417 CAD |
PROPERTY TAXES
Parcel Number
4238-022-031
Land Assessment
$2,125,935 CAD
Improvements Assessment
$531,482 CAD
Total Assessment
$2,657,417 CAD
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2008-2020 Strongs Dr
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