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Yi Ju Hsu Properties LLC. 2516 Elsinore St 5 Unit Apartment Building $2,699,704 CAD ($539,941 CAD/Unit) 5.17% Cap Rate Los Angeles, CA 90026
Investment Highlights
- Fully occupied five-unit income property providing immediate cash flow and stability.
- Long Term Tenants
- All units feature separately metered utilities, individual water heaters, and in-unit washer/dryer hookups for operational efficiency.
- Prime Silver Lake location within walking distance to Sunset Boulevard and close to Los Feliz, Koreatown, and Downtown Los Angeles.
- Six on-site parking spaces enhance tenant convenience and support strong retention in a competitive rental market.
Executive Summary
This beautifully renovated 5-unit complex is located in a desirable prime Silver Lake neighborhood, nestled away from a short walk to Sunset Blvd. Residents also enjoy quick access to Koreatown, Silver Lake, Los Feliz, West Hollywood, and Fairfax, placing premier dining, nightlife, shopping, and cultural destinations within minutes. A rare opportunity to acquire a well-maintained and professionally managed property, and is ideal for investors seeking a well-located, income-producing asset and or owner-user looking for long-term growth potential. Operationally, this asset is highly efficient with a strong future upside. All units have separately metered gas and electricity, individual water heaters for each unit, washer and dryer hook-up and a history of well-vetted residents. This complex consists of a single family, 2-story homes that were built in 2009, featuring 4 bedrooms (it has 2 master suites), 3.5 baths, a den/family room and a spacious custom kitchen. In the rear of the single house are the 4 units, consisting of (2) 2-bedroom/1-bath, and (2) 1-bedroom/1-bath. There is a total of 6 parking spaces. All units are currently rented. Two of the four units have extensive improvements.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$188,560
|
$35.64
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$188,560
|
$35.64
|
| Taxes |
$31,861
|
$6.02
|
| Operating Expenses |
$48,899
|
$9.24
|
| Total Expenses |
$80,760
|
$15.27
|
| Net Operating Income |
$107,799
|
$20.38
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $188,560 |
| Annual Per SF | $35.64 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $188,560 |
| Annual Per SF | $35.64 |
| Taxes (CAD) | |
|---|---|
| Annual | $31,861 |
| Annual Per SF | $6.02 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $48,899 |
| Annual Per SF | $9.24 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $80,760 |
| Annual Per SF | $15.27 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $107,799 |
| Annual Per SF | $20.38 |
Property Facts
| Price | $2,699,704 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $539,941 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 5.17% | Building Size | 5,290 SF |
| Gross Rent Multiplier | 14 | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 2009/2010 |
| Property Subtype | Apartment | ||
| Zoning | LAR2 - Two Family Dwellings | ||
| Price | $2,699,704 CAD |
| Price Per Unit | $539,941 CAD |
| Sale Type | Investment |
| Cap Rate | 5.17% |
| Gross Rent Multiplier | 14 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 5,290 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 2009/2010 |
| Zoning | LAR2 - Two Family Dwellings |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Disposal
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Tile Floors
- Eat-in Kitchen
- Kitchen
- Oven
- Range
- Den
- Dining Room
- Family Room
- Island Kitchen
- Pantry
- Vinyl Flooring
Site Amenities
- Fenced Lot
- Gated
- Walking/Biking Trails
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | $1,930 CAD | - |
| 2+1 | 2 | $1,685 CAD | - |
| 4+3.5 | 1 | $8,758 CAD | - |
Very walkable
80/100
Moderately drivable
70/100
Strong public transit
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5402-015-016 | Total Assessment | $2,576,267 CAD |
| Land Assessment | $1,545,762 CAD | Annual Taxes | $31,861 CAD ($6.02 CAD/SF) |
| Improvements Assessment | $1,030,505 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
5402-015-016
Land Assessment
$1,545,762 CAD
Improvements Assessment
$1,030,505 CAD
Total Assessment
$2,576,267 CAD
Annual Taxes
$31,861 CAD ($6.02 CAD/SF)
Tax Year
2025
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Presented by
Happy Home Realty, Inc
Yi Ju Hsu Properties LLC. | 2516 Elsinore St
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