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403 W Hollywood Ave 9 Unit Apartment Building $1,666,035 CAD ($185,115 CAD/Unit) 6.71% Cap Rate San Antonio, TX 78212
Investment Highlights
- Highly Desirable 78212 Location — Infill San Antonio location convenient to Monte Vista, Olmos Park, The Pearl and Downtown, combining neighborhood ch
- Boutique 9-Unit Investment — Manageable 9-unit scale with seven 1BR/1BA units and two 2BR/1BA units, providing an attractive alternative to larger, op
- Attractive Stabilized Yield — $132,000 of projected stabilized gross rental income and approximately $80,411 of pro forma NOI, representing a 6.71% pr
- Historic Infill Multifamily Asset — Originally constructed in 1926, Hollywood Heights offers distinctive architectural character in an established cen
- Compelling Lease-Up Opportunity — Acquire a 9-unit boutique multifamily property at 55.6% occupancy with four vacant units providing immediate opportu
Executive Summary
Hollywood Heights is offered for sale at $1,199,000 as a value-add multifamily lease-up opportunity. The 9-unit property is currently 55.6% occupied with five occupied units and four vacant units. Current contractual rent totals $5,250 per month ($63,000 annualized). Stabilized underwriting assumes gross scheduled rent of $11,000 per month ($132,000 annually), resulting in approximately $80,411 of pro forma NOI and a 6.71% pro forma capitalization rate at the asking price. The corresponding pro forma GRM is approximately 9.08x. Pro forma figures represent projected stabilized operations and are not current property performance. Prospective purchasers should independently verify rents, expenses, lease-up assumptions, property condition and future property tax expense.
Data Room Click Here to Access
- Offering Memorandum
- Third Party Reports
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,666,035 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $185,115 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.21 AC |
| Cap Rate | 6.71% | Building Size | 5,488 SF |
| Sale Condition | High Vacancy Property | Average Occupancy | 56% |
| Gross Rent Multiplier | 9.08 | No. Stories | 2 |
| No. Units | 9 | Year Built/Renovated | 1926/1986 |
| Property Type | Multifamily | Parking Ratio | 0.73/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | MF-33 - MF-33 | ||
| Price | $1,666,035 CAD |
| Price Per Unit | $185,115 CAD |
| Sale Type | Investment |
| Cap Rate | 6.71% |
| Sale Condition | High Vacancy Property |
| Gross Rent Multiplier | 9.08 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 5,488 SF |
| Average Occupancy | 56% |
| No. Stories | 2 |
| Year Built/Renovated | 1926/1986 |
| Parking Ratio | 0.73/1,000 SF |
| Zoning | MF-33 - MF-33 |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Washer/Dryer
- Heating
- Kitchen
- High Speed Internet Access
- Refrigerator
- Oven
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 7 | $1,667 CAD | 600 |
| 2+1 | 2 | $1,806 CAD | 650 |
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 06600-021-0210 | Total Assessment | $921,165 CAD (2025) |
| Land Assessment | $363,174 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $557,990 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
06600-021-0210
Land Assessment
$363,174 CAD (2025)
Improvements Assessment
$557,990 CAD (2025)
Total Assessment
$921,165 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2026
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403 W Hollywood Ave
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