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3232 S Central Ave 10 Unit Apartment Building $1,696,232 CAD ($169,623 CAD/Unit) 6.99% Cap Rate Los Angeles, CA 90011
Investment Highlights
- Offered at a 6.99% CAP Rate
- Priced at a 6.46 Gross Rent Multiplier
- Located in South Central Los Angeles
- Recently Upgraded Electrical Panels
- Mix of Studio & One-Bedroom Units
Executive Summary
3232 S. Central Avenue is a 10-unit apartment complex located in South Central Los Angeles. The opportunity consists of an 8-unit property in front constructed in 1924 and a duplex in the rear built in 1930. Each unit is separately metered for gas and electricity. The 2-story apartment building has seen recent capital improvements including upgraded electrical panels. The property consists of four (4) studio units and six (6) one-bedroom units spread across 5,180 rentable square feet.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$262,494
|
$50.67
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$7,875
|
$1.52
|
| Effective Gross Income |
$254,619
|
$49.15
|
| Taxes |
$20,355
|
$3.93
|
| Operating Expenses |
$115,733
|
$22.34
|
| Total Expenses |
$136,087
|
$26.27
|
| Net Operating Income |
$118,531
|
$22.88
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $262,494 |
| Annual Per SF | $50.67 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $7,875 |
| Annual Per SF | $1.52 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $254,619 |
| Annual Per SF | $49.15 |
| Taxes (CAD) | |
|---|---|
| Annual | $20,355 |
| Annual Per SF | $3.93 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $115,733 |
| Annual Per SF | $22.34 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $136,087 |
| Annual Per SF | $26.27 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $118,531 |
| Annual Per SF | $22.88 |
Property Facts
| Price | $1,696,232 CAD | Property Subtype | Apartment |
| Price Per Unit | $169,623 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 6.99% | Lot Size | 0.11 AC |
| Sale Condition | 1031 Exchange | Building Size | 5,180 SF |
| Gross Rent Multiplier | 6.46 | No. Stories | 2 |
| No. Units | 10 | Year Built | 1924 |
| Property Type | Multifamily | ||
| Zoning | LAM1 | ||
| Price | $1,696,232 CAD |
| Price Per Unit | $169,623 CAD |
| Sale Type | Investment |
| Cap Rate | 6.99% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 6.46 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 5,180 SF |
| No. Stories | 2 |
| Year Built | 1924 |
| Zoning | LAM1 |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Heating
- Freezer
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Storage Space
- Individual Locking Bedrooms
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | $1,781 CAD | 450 |
| 1+1 | 6 | $2,459 CAD | 500 |
1 1
Moderately walkable
70/100
Exceptionally drivable
100/100
Strong public transit
80/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 5114-025-018 | Total Assessment | $1,209,685 CAD |
| Land Assessment | $528,192 CAD | Annual Taxes | $20,355 CAD ($3.93 CAD/SF) |
| Improvements Assessment | $681,492 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
5114-025-018
Land Assessment
$528,192 CAD
Improvements Assessment
$681,492 CAD
Total Assessment
$1,209,685 CAD
Annual Taxes
$20,355 CAD ($3.93 CAD/SF)
Tax Year
2025
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3232 S Central Ave
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