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Claire Manor Apartments 2131 N Cahuenga Blvd 34 Unit Apartment Building $8,999,040 CAD ($264,678 CAD/Unit) 5.94% Cap Rate Los Angeles, CA 90068
INVESTMENT HIGHLIGHTS
- Opportunity to invest in a 34-unit multifamily complex with current stable income, with a 32% rental upside at an 8.87% market cap rate.
- Secured access building with a diverse unit mix of studios, one-bedroom, and two-bedroom floor plans, as well as on-site laundry and parking.
- Well-maintained, an SB721 compliance report was completed in December 2024, and a retrofit was done in 2018.
- Benefitting from a sought-after Hollywood location with easy access to nightlife, dining, and cultural landmarks.
EXECUTIVE SUMMARY
Dover Management Corp. and Traweek Investments CRE are proud to present Claire Manor Apartments, a value-add, 34-unit multifamily property located at 2131 North Cahuenga Boulevard in the Hollywood Hills submarket of Los Angeles. Claire Manor Apartments offers potential investors the opportunity to acquire an asset with a strong current cap rate of 5.94%, and to upgrade the existing units to capture approximately 32% rental upside through continued rent growth and streamlined operational efficiencies.
This multifamily complex offers a desirable unit mix of nine studios, 20 one-bedroom, and five two-bedroom apartments. Tenant amenities include secure building access, on-site laundry facilities, and 24 parking spaces. Representing a commitment to long-term durability and tenant safety, this site underwent a B721 compliance report in December 2024, and a retrofit was completed in 2018.
The property is close to notable attractions such as the Hollywood Bowl, Pantages Theatre, and TCL Chinese Theatre, as well as nearby nightlife, dining, and other cultural landmarks. Investors seeking a value-add opportunity with significant upside in a premier location with convenient freeway access will find Claire Manor Apartments to be an excellent addition to their portfolio. Reach out to John Alden at Dover Management Corp. for a copy of the Offering Memorandum.
This multifamily complex offers a desirable unit mix of nine studios, 20 one-bedroom, and five two-bedroom apartments. Tenant amenities include secure building access, on-site laundry facilities, and 24 parking spaces. Representing a commitment to long-term durability and tenant safety, this site underwent a B721 compliance report in December 2024, and a retrofit was completed in 2018.
The property is close to notable attractions such as the Hollywood Bowl, Pantages Theatre, and TCL Chinese Theatre, as well as nearby nightlife, dining, and other cultural landmarks. Investors seeking a value-add opportunity with significant upside in a premier location with convenient freeway access will find Claire Manor Apartments to be an excellent addition to their portfolio. Reach out to John Alden at Dover Management Corp. for a copy of the Offering Memorandum.
PROPERTY FACTS
| Price | $8,999,040 CAD | Property Subtype | Apartment |
| Price Per Unit | $264,678 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.94% | Lot Size | 0.64 AC |
| Gross Rent Multiplier | 9.99 | Building Size | 21,080 SF |
| No. Units | 34 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1955 |
| Zoning | LAR3 - Multiple Dwelling R2 Uses, Apartment Houses, Multiple Dwellings, Childcare (20 max) | ||
| Price | $8,999,040 CAD |
| Price Per Unit | $264,678 CAD |
| Sale Type | Investment |
| Cap Rate | 5.94% |
| Gross Rent Multiplier | 9.99 |
| No. Units | 34 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.64 AC |
| Building Size | 21,080 SF |
| No. Stories | 2 |
| Year Built | 1955 |
| Zoning | LAR3 - Multiple Dwelling R2 Uses, Apartment Houses, Multiple Dwellings, Childcare (20 max) |
AMENITIES
UNIT AMENITIES
- Kitchen
- Refrigerator
- Range
- Tub/Shower
- Double Pane Windows
- Linen Closet
- Smoke Free
SITE AMENITIES
- Laundry Facilities
- Pool
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 20 | - | - |
| 2+2 | 5 | - | - |
| Studios | 9 | - | - |
Walk Score®
Very Walkable (73)
PROPERTY TAXES
| Parcel Number | 5576-003-041 | Improvements Assessment | $629,393 CAD |
| Land Assessment | $372,820 CAD | Total Assessment | $1,002,213 CAD |
PROPERTY TAXES
Parcel Number
5576-003-041
Land Assessment
$372,820 CAD
Improvements Assessment
$629,393 CAD
Total Assessment
$1,002,213 CAD
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Claire Manor Apartments | 2131 N Cahuenga Blvd
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