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Empire Villa Apartments 3614 Empire Dr 14 Unit Apartment Building $7,482,323 CAD ($534,452 CAD/Unit) 5.28% Cap Rate Los Angeles, CA 90034
Investment Highlights
- Highly Desirable Townhome - Style Unit Mix featuring (8)two - story 2 Bed / 2.5 Bath townhomes, (5) 2 Bed / 2 Bath units and (1) Studio
- Thoughtfully Amenitized Residences, with select units offering fireplaces, private balconies, dishwashers, and more!
- Over 18,000 Square Feet of Improvements Across 14 Units
- Secure, Resident - Focused Community featuring gated subterranean parking with 25+ spaces
Executive Summary
- 1990 Construction Non-RSO Asset, Subject to AB 1482, Offering Investors the ability to achieve stronger short and long-term rental growth
- Strong In-Place Cash Flow with Strategic Value-Add Potential, allowing investors to acquire a stabilized income-producing asset while selectively
renovating units over time to capture additional upside without sacrificing near-term cash flow
- Exceptional Value at Approximately an 11 GRM, a pricing level that is virtually unprecedented for a non-RSO apartment community in today's Palms
investment market
- Strong In-Place Cash Flow with Strategic Value-Add Potential, allowing investors to acquire a stabilized income-producing asset while selectively
renovating units over time to capture additional upside without sacrificing near-term cash flow
- Exceptional Value at Approximately an 11 GRM, a pricing level that is virtually unprecedented for a non-RSO apartment community in today's Palms
investment market
Property Facts
| Price | $7,482,323 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $534,452 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.25 AC |
| Cap Rate | 5.28% | Building Size | 18,057 SF |
| Gross Rent Multiplier | 11.01 | Average Occupancy | 93% |
| No. Units | 14 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1990 |
| Property Subtype | Apartment | Parking Ratio | 1.38/1,000 SF |
| Zoning | R3-1, Los Angeles | ||
| Price | $7,482,323 CAD |
| Price Per Unit | $534,452 CAD |
| Sale Type | Investment |
| Cap Rate | 5.28% |
| Gross Rent Multiplier | 11.01 |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.25 AC |
| Building Size | 18,057 SF |
| Average Occupancy | 93% |
| No. Stories | 3 |
| Year Built | 1990 |
| Parking Ratio | 1.38/1,000 SF |
| Zoning | R3-1, Los Angeles |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Fireplace
- Storage Space
Site Amenities
- Security System
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | 420 |
| 2+2 | 5 | - | 891 - 1,152 |
| 2+2.5 | 8 | - | 1,152 |
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Moderately walkable
70/100
Very drivable
80/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 4313-004-034 | Improvements Assessment | $2,127,107 CAD |
| Land Assessment | $913,290 CAD | Total Assessment | $3,040,397 CAD |
Property Taxes
Parcel Number
4313-004-034
Land Assessment
$913,290 CAD
Improvements Assessment
$2,127,107 CAD
Total Assessment
$3,040,397 CAD
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Empire Villa Apartments | 3614 Empire Dr
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