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3364 Elizabeth Ave 8 Unit Apartment Building $2,734,388 CAD ($341,798 CAD/Unit) 6.86% Cap Rate Lynwood, CA 90262
INVESTMENT HIGHLIGHTS
- New Roof!
- All New Electrical Meters and Panels!
EXECUTIVE SUMMARY
Knock, Knock! Cash Cow at the door! Your next Investment Opportunity is Knocking! Unlock the potential of this fantastic opportunity to own a well-maintained apartment building in the vibrant City of Lynwood. This building has been remodeled, upgraded, and professionally managed for over 15 years. Recent upgrades include All New Roof-All New Exterior Main Electrical Panels-All New Interior Sub-panels. The unit mix consists of six 2 Beds 1 Bath and two 1 bed 1 bath. Lynwood is a thriving community with a strong rental market and no local municipal rent control. This is a great addition to any real estate portfolio. Answer when Opportunities are Knocking!
DATA ROOM Click Here to Access
- Offering Memorandum
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$260,042
|
$42.83
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$260,042
|
$42.83
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$78,012
|
$12.85
|
| Net Operating Income |
$182,030
|
$29.98
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $260,042 |
| Annual Per SF | $42.83 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $260,042 |
| Annual Per SF | $42.83 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $78,012 |
| Annual Per SF | $12.85 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $182,030 |
| Annual Per SF | $29.98 |
PROPERTY FACTS Under Contract
| Price | $2,734,388 CAD | Building Class | C |
| Price Per Unit | $341,798 CAD | Lot Size | 0.21 AC |
| Sale Type | Investment | Building Size | 6,072 SF |
| Cap Rate | 6.86% | Average Occupancy | 97% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1958 |
| Property Subtype | Apartment | Parking Ratio | 1.5/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | R3YY, Lynwood | ||
| Price | $2,734,388 CAD |
| Price Per Unit | $341,798 CAD |
| Sale Type | Investment |
| Cap Rate | 6.86% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 6,072 SF |
| Average Occupancy | 97% |
| No. Stories | 2 |
| Year Built | 1958 |
| Parking Ratio | 1.5/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R3YY, Lynwood |
AMENITIES
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | - | - |
| 2+1 | 6 | - | - |
1 1
Walk Score®
Walker's Paradise (90)
PROPERTY TAXES
| Parcel Number | 6191-005-013 | Improvements Assessment | $641,655 CAD |
| Land Assessment | $340,869 CAD | Total Assessment | $982,524 CAD |
PROPERTY TAXES
Parcel Number
6191-005-013
Land Assessment
$340,869 CAD
Improvements Assessment
$641,655 CAD
Total Assessment
$982,524 CAD
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3364 Elizabeth Ave
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