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3815 McLaughlin Ave 28 Unit Apartment Building $21,896,752 CAD ($782,027 CAD/Unit) 4.74% Cap Rate Los Angeles, CA 90066
Investment Highlights
- OVER 10% UPSIDE-- Current Rent Over 10% Below Market. AB 1482 Building Allows 8.7% Increases as of August 2026
- CELL TOWER LEASE-- Long Term T-Mobile Lease with 3% annual increases
- MOST UNITS FULLY RENOVATED-- with All New Kitchens, Bathrooms, Flooring, Washer/Dryer Installed
- PARKING-- 54 On-Grade Gated Parking Spaces
- PRIME LOCATION-- Desirable West Los Angeles Neighborhood
- 1.5 MILLION SPENT - Approximately 1.5 million spent on improvements and renovations
Executive Summary
3815 McLaughlin Ave is an architecturally unique multifamily apartment building with 28-units. Just south of Venice Blvd it's located in the Mar Vista neighborhood of West Los Angeles. The subject property is in close proximity to several highly desirable Westside neighborhoods, including Culver City, Venice, West LA, Marina del Rey, Palms, and Santa Monica.
3815 McLaughlin Ave offers a highly unique unit mix with several units featuring vaulted ceilings and oversized lofts including four studio loft units, one studio, nine
1+1 units, five 1+1 loft units, two 1+1 office loft units, six 2+2 units, and one 2+2 office loft unit. The current ownership has completed extensive renovations to most units, including brand-new kitchens and bathrooms, updated flooring, and installing washers and dryers. Amenities include on-site laundry, available storage units, a beautiful landscaped courtyard with waterfalls and ponds, and on-grade covered, gated parking for all tenants.
As a turn-key investment, 3815 McLaughlin Ave would be a strong addition to any Westside apartment portfolio and would also be ideal for a first-time buyer seeking
a long-term pride-of-ownership asset. The investment also offers multiple value-add components, including the potential for condominium conversion.
3815 McLaughlin Ave offers a highly unique unit mix with several units featuring vaulted ceilings and oversized lofts including four studio loft units, one studio, nine
1+1 units, five 1+1 loft units, two 1+1 office loft units, six 2+2 units, and one 2+2 office loft unit. The current ownership has completed extensive renovations to most units, including brand-new kitchens and bathrooms, updated flooring, and installing washers and dryers. Amenities include on-site laundry, available storage units, a beautiful landscaped courtyard with waterfalls and ponds, and on-grade covered, gated parking for all tenants.
As a turn-key investment, 3815 McLaughlin Ave would be a strong addition to any Westside apartment portfolio and would also be ideal for a first-time buyer seeking
a long-term pride-of-ownership asset. The investment also offers multiple value-add components, including the potential for condominium conversion.
Property Facts
| Price | $21,896,752 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $782,027 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.48 AC |
| Cap Rate | 4.74% | Building Size | 24,196 SF |
| Gross Rent Multiplier | 13.65 | Average Occupancy | 100% |
| No. Units | 28 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1989/2020 |
| Property Subtype | Apartment | Parking Ratio | 2.23/1,000 SF |
| Zoning | R3-1, Los Angeles | ||
| Price | $21,896,752 CAD |
| Price Per Unit | $782,027 CAD |
| Sale Type | Investment |
| Cap Rate | 4.74% |
| Gross Rent Multiplier | 13.65 |
| No. Units | 28 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.48 AC |
| Building Size | 24,196 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1989/2020 |
| Parking Ratio | 2.23/1,000 SF |
| Zoning | R3-1, Los Angeles |
Amenities
Unit Amenities
- Cable Ready
- Dishwasher
- Disposal
- Fireplace
- Microwave
- Kitchen
- Refrigerator
- Oven
- Range
Site Amenities
- Courtyard
- Laundry Facilities
- Security System
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 5 | - | 620 - 880 |
| 1+1 | 14 | - | 759 - 1,079 |
| 2+2 | 7 | - | 1,109 - 1,308 |
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Moderately walkable
60/100
Exceptionally drivable
90/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 4214-016-034 | Improvements Assessment | $4,445,651 CAD |
| Land Assessment | $15,391,818 CAD | Total Assessment | $19,837,469 CAD |
Property Taxes
Parcel Number
4214-016-034
Land Assessment
$15,391,818 CAD
Improvements Assessment
$4,445,651 CAD
Total Assessment
$19,837,469 CAD
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3815 McLaughlin Ave
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