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4017 Gelber Pl 8 Unit Apartment Building $1,923,222 CAD ($240,403 CAD/Unit) 5% Cap Rate Los Angeles, CA 90008
Investment Highlights
- 35% upside in rents
- Fantastic Rental Marrket Area
- Big ticket cap-ex items already completed
Executive Summary
Buyers seeking apartment financing to be prequalified/cross qualified with ALB Commercial Capital. Leonard Manriquez 562-480-7171 leo@albcommercialcapital.com
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$175,414
|
$25.02
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$5,263
|
$0.75
|
| Effective Gross Income |
$170,152
|
$24.27
|
| Taxes |
$24,040
|
$3.43
|
| Operating Expenses |
$40,469
|
$5.77
|
| Total Expenses |
$64,509
|
$9.20
|
| Net Operating Income |
$105,643
|
$15.07
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $175,414 |
| Annual Per SF | $25.02 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $5,263 |
| Annual Per SF | $0.75 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $170,152 |
| Annual Per SF | $24.27 |
| Taxes (CAD) | |
|---|---|
| Annual | $24,040 |
| Annual Per SF | $3.43 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $40,469 |
| Annual Per SF | $5.77 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $64,509 |
| Annual Per SF | $9.20 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $105,643 |
| Annual Per SF | $15.07 |
Property Facts
| Price | $1,923,222 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $240,403 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.19 AC |
| Cap Rate | 5% | Building Size | 7,010 SF |
| Gross Rent Multiplier | 10.96 | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1956 |
| Property Subtype | Apartment | Parking Ratio | 0.86/1,000 SF |
| Zoning | LAR3 - Multiple Dwelling | ||
| Price | $1,923,222 CAD |
| Price Per Unit | $240,403 CAD |
| Sale Type | Investment |
| Cap Rate | 5% |
| Gross Rent Multiplier | 10.96 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 7,010 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1956 |
| Parking Ratio | 0.86/1,000 SF |
| Zoning | LAR3 - Multiple Dwelling |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | 880 |
| 1+1 | 4 | $1,830 CAD | 840 |
Fairly walkable
50/100
Very drivable
80/100
Good public transit
60/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5030-018-004 | Total Assessment | $677,355 CAD |
| Land Assessment | $474,983 CAD | Annual Taxes | $24,040 CAD ($3.43 CAD/SF) |
| Improvements Assessment | $202,373 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
5030-018-004
Land Assessment
$474,983 CAD
Improvements Assessment
$202,373 CAD
Total Assessment
$677,355 CAD
Annual Taxes
$24,040 CAD ($3.43 CAD/SF)
Tax Year
2025
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4017 Gelber Pl
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