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2405 Meadowvale Ave 4 Unit Apartment Building Offered at $3,372,720 CAD at a 4.12% Cap Rate Los Angeles, CA 90031
Executive Summary
Excellent Echo Park location, Completely renovated in 2025.
The Seller has completed substantial capital improvements to the property, enhancing both its appearance and long-term value. Exterior upgrades include a new roof, new copper plumbing, fresh exterior paint, and new entry doors. These improvements help reduce future maintenance costs while providing investors with a well-maintained asset that has benefited from significant recent investment.
The interior of the property has been extensively upgraded as well. The Seller has refinished the original hardwood floors, installed central heating and air conditioning, and added in-unit washers and dryers for each residence. Every unit includes a refrigerator, updated countertops, and numerous additional improvements throughout. The extensive renovation program reflects the Seller's commitment to quality and provides residents with modern amenities while minimizing deferred maintenance for a new owner.
The Seller has completed substantial capital improvements to the property, enhancing both its appearance and long-term value. Exterior upgrades include a new roof, new copper plumbing, fresh exterior paint, and new entry doors. These improvements help reduce future maintenance costs while providing investors with a well-maintained asset that has benefited from significant recent investment.
The interior of the property has been extensively upgraded as well. The Seller has refinished the original hardwood floors, installed central heating and air conditioning, and added in-unit washers and dryers for each residence. Every unit includes a refrigerator, updated countertops, and numerous additional improvements throughout. The extensive renovation program reflects the Seller's commitment to quality and provides residents with modern amenities while minimizing deferred maintenance for a new owner.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$224,455
|
$71.62
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$224,455
|
$71.62
|
| Taxes |
$42,159
|
$13.45
|
| Operating Expenses |
$36,728
|
$11.72
|
| Total Expenses |
$78,887
|
$25.17
|
| Net Operating Income |
$145,568
|
$46.45
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $224,455 |
| Annual Per SF | $71.62 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $224,455 |
| Annual Per SF | $71.62 |
| Taxes (CAD) | |
|---|---|
| Annual | $42,159 |
| Annual Per SF | $13.45 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $36,728 |
| Annual Per SF | $11.72 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $78,887 |
| Annual Per SF | $25.17 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $145,568 |
| Annual Per SF | $46.45 |
Property Facts
| Price | $3,372,720 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $843,180 CAD | Lot Size | 0.11 AC |
| Sale Type | Investment | Building Size | 3,134 SF |
| Cap Rate | 4.12% | Average Occupancy | 100% |
| Gross Rent Multiplier | 15.1 | No. Stories | 2 |
| No. Units | 4 | Year Built/Renovated | 1970/2025 |
| Property Type | Multifamily | ||
| Zoning | LAR-1 | ||
| Price | $3,372,720 CAD |
| Price Per Unit | $843,180 CAD |
| Sale Type | Investment |
| Cap Rate | 4.12% |
| Gross Rent Multiplier | 15.1 |
| No. Units | 4 |
| Property Type | Multifamily |
| Apartment Style | Low-Rise |
| Lot Size | 0.11 AC |
| Building Size | 3,134 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1970/2025 |
| Zoning | LAR-1 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 4 | - | 784 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Some public transit
40/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 5445-016-011 | Total Assessment | $2,428,524 CAD |
| Land Assessment | $1,876,423 CAD | Annual Taxes | $42,159 CAD ($13.45 CAD/SF) |
| Improvements Assessment | $552,101 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
5445-016-011
Land Assessment
$1,876,423 CAD
Improvements Assessment
$552,101 CAD
Total Assessment
$2,428,524 CAD
Annual Taxes
$42,159 CAD ($13.45 CAD/SF)
Tax Year
2025
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2405 Meadowvale Ave
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