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325 S Westlake Ave 10 Unit Apartment Building $3,481,034 CAD ($348,103 CAD/Unit) 4.86% Cap Rate Los Angeles, CA 90057
Investment Highlights
- Close proximity to Metro Station, Downtown, and Koreatown
- Plentiful gated tenant parking
- High Price Per Square Feet
Executive Summary
325 S. Westlake is a 10-unit residential income property, positioned along the Westlake-Koreatown corridor in the 90057 zip code- one of L.A's highest density rental submarkets, just two miles from Downtown LA, and minutes from McArthur Park Metro Station. This property generates $190,286 in gross annual income with rents meaningfully below current market comps, presenting a clear value-add opportunity with identifiable upside.
In place rents average $1,577/month vs. market comps of $1,650 - $1,900 (1BR) and $2,040 - $2,480 (2BR) in 90057. Perfect unit mix of seven (7) 1BR + BA and three (3) 2BR+2BA. Each unit gets its own tandem carport parking space in a gated space. Take advantage of this low price per square foot opportunity.
Drive by only. Showings only with accepted offer.
In place rents average $1,577/month vs. market comps of $1,650 - $1,900 (1BR) and $2,040 - $2,480 (2BR) in 90057. Perfect unit mix of seven (7) 1BR + BA and three (3) 2BR+2BA. Each unit gets its own tandem carport parking space in a gated space. Take advantage of this low price per square foot opportunity.
Drive by only. Showings only with accepted offer.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$268,801
|
$33.60
|
| Other Income |
$1,563
|
$0.20
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$270,364
|
$33.80
|
| Taxes |
$44,829
|
$5.60
|
| Operating Expenses |
$56,504
|
$7.06
|
| Total Expenses |
$101,332
|
$12.67
|
| Net Operating Income |
$169,032
|
$21.13
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $268,801 |
| Annual Per SF | $33.60 |
| Other Income (CAD) | |
|---|---|
| Annual | $1,563 |
| Annual Per SF | $0.20 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $270,364 |
| Annual Per SF | $33.80 |
| Taxes (CAD) | |
|---|---|
| Annual | $44,829 |
| Annual Per SF | $5.60 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $56,504 |
| Annual Per SF | $7.06 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $101,332 |
| Annual Per SF | $12.67 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $169,032 |
| Annual Per SF | $21.13 |
Property Facts
| Price | $3,481,034 CAD | Building Class | C |
| Price Per Unit | $348,103 CAD | Lot Size | 0.18 AC |
| Sale Type | Investment | Building Size | 8,000 SF |
| Cap Rate | 4.86% | Average Occupancy | 100% |
| Gross Rent Multiplier | 12.87 | No. Stories | 2 |
| No. Units | 10 | Year Built | 1959 |
| Property Type | Multifamily | Parking Ratio | 1.25/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | R5-2, Los Angeles | ||
| Price | $3,481,034 CAD |
| Price Per Unit | $348,103 CAD |
| Sale Type | Investment |
| Cap Rate | 4.86% |
| Gross Rent Multiplier | 12.87 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 8,000 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1959 |
| Parking Ratio | 1.25/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R5-2, Los Angeles |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Gated
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 7 | - | - |
| 2+1 | 3 | - | - |
1 1
Very walkable
80/100
Exceptionally drivable
90/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 5154-028-018 | Total Assessment | $3,601,186 CAD |
| Land Assessment | $3,151,038 CAD | Annual Taxes | $44,829 CAD ($5.60 CAD/SF) |
| Improvements Assessment | $450,148 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
5154-028-018
Land Assessment
$3,151,038 CAD
Improvements Assessment
$450,148 CAD
Total Assessment
$3,601,186 CAD
Annual Taxes
$44,829 CAD ($5.60 CAD/SF)
Tax Year
2025
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325 S Westlake Ave
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