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234 N Chicago St 22 Unit Apartment Building $3,923,111 CAD ($178,323 CAD/Unit) 7.93% Cap Rate Los Angeles, CA 90033
Investment Highlights
- 10% Cash on Cash
- Separately metered for electricity
Executive Summary
This 22 unit apartment building located in the heart of Boyle Heights offers a nearly 10% Cash of Cash on Actuals. The unit mix consists of 2 Bachelors, 14-Singles, and 6-1+1. The building is separately metered for electricity and master metered for gas.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$527,943
|
$39.28
|
| Other Income |
$2,230
|
$0.17
|
| Vacancy Loss |
$26,398
|
$1.96
|
| Effective Gross Income |
$503,776
|
$37.48
|
| Taxes |
$49,039
|
$3.65
|
| Operating Expenses |
$143,700
|
$10.69
|
| Total Expenses |
$192,739
|
$14.34
|
| Net Operating Income |
$311,037
|
$23.14
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $527,943 |
| Annual Per SF | $39.28 |
| Other Income (CAD) | |
|---|---|
| Annual | $2,230 |
| Annual Per SF | $0.17 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $26,398 |
| Annual Per SF | $1.96 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $503,776 |
| Annual Per SF | $37.48 |
| Taxes (CAD) | |
|---|---|
| Annual | $49,039 |
| Annual Per SF | $3.65 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $143,700 |
| Annual Per SF | $10.69 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $192,739 |
| Annual Per SF | $14.34 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $311,037 |
| Annual Per SF | $23.14 |
Property Facts
| Price | $3,923,111 CAD | Property Subtype | Apartment |
| Price Per Unit | $178,323 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 7.93% | Lot Size | 0.21 AC |
| Gross Rent Multiplier | 7.4 | Building Size | 13,440 SF |
| No. Units | 22 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1928 |
| Zoning | R4, Los Angeles | ||
| Price | $3,923,111 CAD |
| Price Per Unit | $178,323 CAD |
| Sale Type | Investment |
| Cap Rate | 7.93% |
| Gross Rent Multiplier | 7.4 |
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 13,440 SF |
| No. Stories | 2 |
| Year Built | 1928 |
| Zoning | R4, Los Angeles |
Amenities
Unit Amenities
- Heating
- Kitchen
Site Amenities
- Laundry Facilities
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 16 | - | 400 - 450 |
| 1+1 | 6 | - | 650 - 790 |
1 1
Very walkable
80/100
Moderately drivable
70/100
Exceptional public transit
90/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5183-003-022 | Total Assessment | $3,174,363 CAD |
| Land Assessment | $1,305,650 CAD | Annual Taxes | $49,039 CAD ($3.65 CAD/SF) |
| Improvements Assessment | $1,868,713 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
5183-003-022
Land Assessment
$1,305,650 CAD
Improvements Assessment
$1,868,713 CAD
Total Assessment
$3,174,363 CAD
Annual Taxes
$49,039 CAD ($3.65 CAD/SF)
Tax Year
2025
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234 N Chicago St
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