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Day 1 Strong Cash-Flow | Priced to Sell 2815-2821 Randolph St 14 Unit Apartment Building $4,037,875 CAD ($288,420 CAD/Unit) 5.42% Cap Rate Huntington Park, CA 90255
Investment Highlights
- EXCELLENT PRICE PER UNIT!
- Tenants Enjoy: 19 Onsite Garage Parking Spaces, Private Gated Entry, & Onsite Laundry Facility
- Great Unit Mix: (4) 2-Bed/1-Bath & (10) 1-Bed/1-Bath
- Prime Corner Location - Walking Distance to Shops, Dining & Schools
Executive Summary
Kristopher German of The Apartment Dealer is pleased to offer for sale this exceptional opportunity to acquire a 14-unit apartment community in the city of Huntington Park, offered at $2,925,000. This well-located asset delivers a strong 5.4% CAP Rate and 12 GRM, providing attractive day-one cash flow with significant long-term upside potential.
The property features an excellent unit mix consisting of four 2-Bed/1-Bath units and ten 1-Bed/1-Bath units, appealing to a broad tenant base and supporting consistent occupancy. Offering approximately 9,160 rentable square feet on a 13,887 sq. ft. lot, the property is positioned on a prime corner location within walking distance to shopping, dining, and schools.
Tenants enjoy highly desirable amenities including 19 onsite garage parking spaces, private gated entry, and an onsite laundry facility, features that continue to support tenant retention and rental performance. Investors will also appreciate the property’s excellent price per unit and the opportunity to capture a massive 30% upside in rental income, creating a path to increased cash-flow over time.
The property features an excellent unit mix consisting of four 2-Bed/1-Bath units and ten 1-Bed/1-Bath units, appealing to a broad tenant base and supporting consistent occupancy. Offering approximately 9,160 rentable square feet on a 13,887 sq. ft. lot, the property is positioned on a prime corner location within walking distance to shopping, dining, and schools.
Tenants enjoy highly desirable amenities including 19 onsite garage parking spaces, private gated entry, and an onsite laundry facility, features that continue to support tenant retention and rental performance. Investors will also appreciate the property’s excellent price per unit and the opportunity to capture a massive 30% upside in rental income, creating a path to increased cash-flow over time.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$331,710
|
$24.97
|
| Other Income |
$4,141
|
$0.31
|
| Vacancy Loss |
$10,076
|
$0.76
|
| Effective Gross Income |
$325,776
|
$24.53
|
| Taxes |
$55,931
|
$4.21
|
| Operating Expenses |
$50,845
|
$3.83
|
| Total Expenses |
$106,777
|
$8.04
|
| Net Operating Income |
$218,999
|
$16.49
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $331,710 |
| Annual Per SF | $24.97 |
| Other Income (CAD) | |
|---|---|
| Annual | $4,141 |
| Annual Per SF | $0.31 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $10,076 |
| Annual Per SF | $0.76 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $325,776 |
| Annual Per SF | $24.53 |
| Taxes (CAD) | |
|---|---|
| Annual | $55,931 |
| Annual Per SF | $4.21 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $50,845 |
| Annual Per SF | $3.83 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $106,777 |
| Annual Per SF | $8.04 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $218,999 |
| Annual Per SF | $16.49 |
Property Facts
| Price | $4,037,875 CAD | Building Class | C |
| Price Per Unit | $288,420 CAD | Lot Size | 0.32 AC |
| Sale Type | Investment | Building Size | 9,160 SF |
| Cap Rate | 5.42% | Average Occupancy | 100% |
| Gross Rent Multiplier | 12.02 | No. Stories | 2 |
| No. Units | 14 | Year Built | 1965 |
| Property Type | Multifamily | Parking Ratio | 2.07/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | HPCN-R3* | ||
| Price | $4,037,875 CAD |
| Price Per Unit | $288,420 CAD |
| Sale Type | Investment |
| Cap Rate | 5.42% |
| Gross Rent Multiplier | 12.02 |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 9,160 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1965 |
| Parking Ratio | 2.07/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | HPCN-R3* |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Garden
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | $1,591 CAD | - |
| 1+1 | 10 | $2,105 CAD | - |
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 6320-009-028 | Total Assessment | $3,126,627 CAD |
| Land Assessment | $2,219,440 CAD | Annual Taxes | $55,931 CAD ($6.11 CAD/SF) |
| Improvements Assessment | $907,187 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
6320-009-028
Land Assessment
$2,219,440 CAD
Improvements Assessment
$907,187 CAD
Total Assessment
$3,126,627 CAD
Annual Taxes
$55,931 CAD ($6.11 CAD/SF)
Tax Year
2025
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Day 1 Strong Cash-Flow | Priced to Sell | 2815-2821 Randolph St
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