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Short Sale! Bank wants this off their books. 2301-2311 W Florence Ave 21 Unit Apartment Building $4,768,927 CAD ($227,092 CAD/Unit) 7.46% Cap Rate Los Angeles, CA 90043
Executive Summary
A 3-parcel asset on one of South LA's better-known streets. The 3-parcel asset affords an owner
economies-of-scale and an efficiency of management - a state-mandated on-site manager is not required
(each parcel has 7 units). A value-add opportunity for a savvy investor. Separate gas and electric meters,
on-site laundry.
economies-of-scale and an efficiency of management - a state-mandated on-site manager is not required
(each parcel has 7 units). A value-add opportunity for a savvy investor. Separate gas and electric meters,
on-site laundry.
Financial Summary (Actual - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$569,458
|
$39.48
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$17,083
|
$1.18
|
| Effective Gross Income |
$552,375
|
$38.30
|
| Taxes |
$60,326
|
$4.18
|
| Operating Expenses |
$136,289
|
$9.45
|
| Total Expenses |
$196,615
|
$13.63
|
| Net Operating Income |
$355,760
|
$24.66
|
Financial Summary (Actual - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $569,458 |
| Annual Per SF | $39.48 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $17,083 |
| Annual Per SF | $1.18 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $552,375 |
| Annual Per SF | $38.30 |
| Taxes (CAD) | |
|---|---|
| Annual | $60,326 |
| Annual Per SF | $4.18 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $136,289 |
| Annual Per SF | $9.45 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $196,615 |
| Annual Per SF | $13.63 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $355,760 |
| Annual Per SF | $24.66 |
Property Facts
| Price | $4,768,927 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $227,092 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.38 AC |
| Cap Rate | 7.46% | Building Size | 14,424 SF |
| Gross Rent Multiplier | 8.37 | No. Stories | 2 |
| No. Units | 21 | Year Built | 1955 |
| Property Type | Multifamily | Parking Ratio | 1.46/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | C2-1VL-CPIO | ||
| Price | $4,768,927 CAD |
| Price Per Unit | $227,092 CAD |
| Sale Type | Investment |
| Cap Rate | 7.46% |
| Gross Rent Multiplier | 8.37 |
| No. Units | 21 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.38 AC |
| Building Size | 14,424 SF |
| No. Stories | 2 |
| Year Built | 1955 |
| Parking Ratio | 1.46/1,000 SF |
| Zoning | C2-1VL-CPIO |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 18 | - | 708 |
| 2+1 | 3 | - | 987 |
1 1
Walk Score®
Very Walkable (75)
Property Taxes
| Parcel Numbers | Total Assessment | $4,464,631 CAD (2025) | |
| Land Assessment | $2,847,242 CAD (2025) | Annual Taxes | $60,326 CAD ($4.18 CAD/SF) |
| Improvements Assessment | $1,617,390 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Numbers
Land Assessment
$2,847,242 CAD (2025)
Improvements Assessment
$1,617,390 CAD (2025)
Total Assessment
$4,464,631 CAD (2025)
Annual Taxes
$60,326 CAD ($4.18 CAD/SF)
Tax Year
2026
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Short Sale! Bank wants this off their books. | 2301-2311 W Florence Ave
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