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4017 Gelber Pl 8 Unit Apartment Building $1,988,980 CAD ($248,622 CAD/Unit) 4.51% 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 |
$181,412
|
$25.88
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$5,443
|
$0.78
|
| Effective Gross Income |
$175,969
|
$25.10
|
| Taxes |
$24,862
|
$3.55
|
| Operating Expenses |
$41,852
|
$5.97
|
| Total Expenses |
$66,715
|
$9.52
|
| Net Operating Income |
$109,255
|
$15.59
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $181,412 |
| Annual Per SF | $25.88 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $5,443 |
| Annual Per SF | $0.78 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $175,969 |
| Annual Per SF | $25.10 |
| Taxes (CAD) | |
|---|---|
| Annual | $24,862 |
| Annual Per SF | $3.55 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $41,852 |
| Annual Per SF | $5.97 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $66,715 |
| Annual Per SF | $9.52 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $109,255 |
| Annual Per SF | $15.59 |
Property Facts
| Price | $1,988,980 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $248,622 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.19 AC |
| Cap Rate | 4.51% | 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 | $1,988,980 CAD |
| Price Per Unit | $248,622 CAD |
| Sale Type | Investment |
| Cap Rate | 4.51% |
| 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 |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Heating
- Refrigerator
- Oven
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | 880 |
| 1+1 | 4 | $1,892 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 | $699,689 CAD |
| Land Assessment | $490,644 CAD | Annual Taxes | $24,862 CAD ($3.55 CAD/SF) |
| Improvements Assessment | $209,045 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
5030-018-004
Land Assessment
$490,644 CAD
Improvements Assessment
$209,045 CAD
Total Assessment
$699,689 CAD
Annual Taxes
$24,862 CAD ($3.55 CAD/SF)
Tax Year
2025
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4017 Gelber Pl
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