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Multi-Family with 5.87% CAP 3517 Montclair St 8 Unit Apartment Building $2,226,575 CAD ($278,322 CAD/Unit) 5.87% Cap Rate Los Angeles, CA 90018
Investment Highlights
- Stabilized eight-unit 5 building bungalow community with strong renter appeal
- Large 700 SF bungalow-style units
- 3 units can be delivered vacant, and 2 garages have potential to be converted to ADUs, one of which has recently been fully remodeled. Buyer to verify
Executive Summary
3517 Montclair Street presents a rare opportunity to acquire an eight 700 SF bungalow-style units in the rapidly revitalizing West Adams and Jefferson Park corridor. The units are arranged around an open central courtyard,offering inherent charm, strong renter appeal, and great in-place income supported by a current 5.87% cap rate. 3 units can be delivered vacant, and there are 2 garages which have the potential to be converted, one of which has recently been fully remodeled and in brand new condition. With a low cost basis of $203,125 per unit and $295 per square foot, investors gain immediate cash flow with clear upside through rental growth and optional ADU conversion of two existing garages. The surrounding neighborhood continues to benefit from new dining, transit improvements, and active mixed-use development, positioning this asset for durable long-term appreciation.
Property Facts
| Price | $2,226,575 CAD | Property Subtype | Apartment |
| Price Per Unit | $278,322 CAD | Apartment Style | Garden |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.87% | Lot Size | 0.25 AC |
| Gross Rent Multiplier | 11.68 | Building Size | 5,496 SF |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1923 |
| Zoning | R1 - Single Family Residential | ||
| Price | $2,226,575 CAD |
| Price Per Unit | $278,322 CAD |
| Sale Type | Investment |
| Cap Rate | 5.87% |
| Gross Rent Multiplier | 11.68 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 5,496 SF |
| No. Stories | 2 |
| Year Built | 1923 |
| Zoning | R1 - Single Family Residential |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Public Transportation
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | - |
1 1
Property Taxes
| Parcel Number | 5051-017-007 | Improvements Assessment | $68,152 CAD |
| Land Assessment | $73,300 CAD | Total Assessment | $141,452 CAD |
Property Taxes
Parcel Number
5051-017-007
Land Assessment
$73,300 CAD
Improvements Assessment
$68,152 CAD
Total Assessment
$141,452 CAD
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Multi-Family with 5.87% CAP | 3517 Montclair St
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