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Mixed-Use Investment Near USC 3023-3035 S Grand Ave 13 Unit Apartment Building $5,462,640 CAD ($420,203 CAD/Unit) 4.29% Cap Rate Los Angeles, CA 90007
Investment Highlights
- 5 Ground Floor Retail Units + 13 Second Floor Apartments
- 3 Blocks East of USC
- Actual $171,696 NOI | 4.29% Cap Rate
- 1-Mile South of I-10 Freeway and DTLA
Executive Summary
Mixed use investment purchase opportunity. 2-story building. 5 ground floor retail stores and 13 second floor apartments. $171,696 actual net annual income | 4.29% actual cap rate. Heavy traffic location. Northwest corner of Grand Avenue and 31st Street. 109.25' frontage on Grand Avenue and 100' on 31st Street. Just 3 blocks east of the USC Campus. 1-mile south of the Santa Monica (I-10) Freeway and Downtown Los Angeles. 1-1/2 miles south of Crypto.com Arena and LA LIVE.
Financial Summary (Actual - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$340,388
|
$23.14
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$340,388
|
$23.14
|
| Taxes |
$68,283
|
$4.64
|
| Operating Expenses |
$37,627
|
$2.56
|
| Total Expenses |
$105,910
|
$7.20
|
| Net Operating Income |
$234,478
|
$15.94
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $340,388 |
| Annual Per SF | $23.14 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $340,388 |
| Annual Per SF | $23.14 |
| Taxes (CAD) | |
|---|---|
| Annual | $68,283 |
| Annual Per SF | $4.64 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $37,627 |
| Annual Per SF | $2.56 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $105,910 |
| Annual Per SF | $7.20 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $234,478 |
| Annual Per SF | $15.94 |
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Fenced Lot
- Smoke Free
- Smoke Detector
Moderately walkable
70/100
Moderately drivable
70/100
Exceptional public transit
90/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Total Assessment | $3,995,605 CAD (2025) | |
| Land Assessment | $1,479,855 CAD (2025) | Annual Taxes | $68,283 CAD ($4.64 CAD/SF) |
| Improvements Assessment | $2,515,751 CAD (2025) | Tax Year | 2024 |
Property Taxes
Parcel Numbers
Land Assessment
$1,479,855 CAD (2025)
Improvements Assessment
$2,515,751 CAD (2025)
Total Assessment
$3,995,605 CAD (2025)
Annual Taxes
$68,283 CAD ($4.64 CAD/SF)
Tax Year
2024
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Mixed-Use Investment Near USC | 3023-3035 S Grand Ave
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