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Short Sale! Bank wants this off their books. 2301-2311 W Florence Ave 21 Unit Apartment Building $4,785,512 CAD ($227,882 CAD/Unit) 7.93% 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.
7.93% CURRENT CAP RATE
10.08% PRO FORMA CAP RATE
Offered together with 26 units at 6812 11th Ave. Can be sold together or separately.
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.
7.93% CURRENT CAP RATE
10.08% PRO FORMA CAP RATE
Offered together with 26 units at 6812 11th Ave. Can be sold together or separately.
Financial Summary (Actual - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$583,994
|
$40.49
|
| Other Income |
$3,745
|
$0.26
|
| Vacancy Loss |
$17,520
|
$1.21
|
| Effective Gross Income |
$570,219
|
$39.53
|
| Taxes |
$60,536
|
$4.20
|
| Operating Expenses |
$130,127
|
$9.02
|
| Total Expenses |
$190,663
|
$13.22
|
| Net Operating Income |
$379,556
|
$26.31
|
Financial Summary (Actual - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $583,994 |
| Annual Per SF | $40.49 |
| Other Income (CAD) | |
|---|---|
| Annual | $3,745 |
| Annual Per SF | $0.26 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $17,520 |
| Annual Per SF | $1.21 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $570,219 |
| Annual Per SF | $39.53 |
| Taxes (CAD) | |
|---|---|
| Annual | $60,536 |
| Annual Per SF | $4.20 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $130,127 |
| Annual Per SF | $9.02 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $190,663 |
| Annual Per SF | $13.22 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $379,556 |
| Annual Per SF | $26.31 |
Property Facts
| Price | $4,785,512 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $227,882 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.38 AC |
| Cap Rate | 7.93% | Building Size | 14,424 SF |
| Gross Rent Multiplier | 8.14 | 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 | $4,785,512 CAD |
| Price Per Unit | $227,882 CAD |
| Sale Type | Investment |
| Cap Rate | 7.93% |
| Gross Rent Multiplier | 8.14 |
| 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
Moderately walkable
60/100
Exceptionally drivable
90/100
Good public transit
60/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Total Assessment | $4,487,758 CAD (2025) | |
| Land Assessment | $2,861,990 CAD (2025) | Annual Taxes | $60,536 CAD ($4.20 CAD/SF) |
| Improvements Assessment | $1,625,768 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Numbers
Land Assessment
$2,861,990 CAD (2025)
Improvements Assessment
$1,625,768 CAD (2025)
Total Assessment
$4,487,758 CAD (2025)
Annual Taxes
$60,536 CAD ($4.20 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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