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4124-4126 1/2 Monroe St 7 Unit Apartment Building $2,455,500 CAD ($350,786 CAD/Unit) 6.55% Cap Rate Los Angeles, CA 90029
INVESTMENT HIGHLIGHTS
- OPPORTUNITY ZONE! 7-unit apartment building
- This property benefits from excellent walkability to popular, trendy cafes, and restaurants.
- Located in a bustling hip neighborhood, on the edge of Silverlake
- Each units has its own parking spot
EXECUTIVE SUMMARY
Representing a remarkable OPPORTUNITY ZONE 7-unit apartment building with 90% current market rents. This property features 6 upgraded 1 bed/1 bath units, each unit has its own washer and dryer. 6 units have been thoughtfully renovated with modern finishes, showcasing open layouts that enhance the living space. One of the units is 2/1. Most utilities are covered by tenants; the seller only pays for water. ALL UNITS HAVE ITS OWN PARKING.
Located in a bustling hip neighborhood, on the edge of Silverlake-one of the trendiest areas in LA. This property benefits from excellent walkability to popular, trendy cafes and restaurants. The combination of upgraded units and a thriving location offers significant potential for rental income growth, making this apartment building an excellent opportunity for savvy investors looking to expand their portfolio in a high-demand location which is only 5-10 min drive to Hollywood, Los Feliz, Downtown, Koreatown, Echo Park. It doesn't get much more central in terms of location! Don’t miss your chance to capitalize on this unique investment opportunity!
Located in a bustling hip neighborhood, on the edge of Silverlake-one of the trendiest areas in LA. This property benefits from excellent walkability to popular, trendy cafes and restaurants. The combination of upgraded units and a thriving location offers significant potential for rental income growth, making this apartment building an excellent opportunity for savvy investors looking to expand their portfolio in a high-demand location which is only 5-10 min drive to Hollywood, Los Feliz, Downtown, Koreatown, Echo Park. It doesn't get much more central in terms of location! Don’t miss your chance to capitalize on this unique investment opportunity!
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$210,683
|
$45.75
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$210,683
|
$45.75
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$49,279
|
$10.70
|
| Net Operating Income |
$161,404
|
$35.05
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $210,683 |
| Annual Per SF | $45.75 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $210,683 |
| Annual Per SF | $45.75 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $49,279 |
| Annual Per SF | $10.70 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $161,404 |
| Annual Per SF | $35.05 |
PROPERTY FACTS
| Price | $2,455,500 CAD | Building Class | C |
| Price Per Unit | $350,786 CAD | Lot Size | 0.25 AC |
| Sale Type | Investment | Building Size | 4,605 SF |
| Cap Rate | 6.55% | Average Occupancy | 100% |
| No. Units | 7 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1948 |
| Property Subtype | Apartment | Parking Ratio | 2.01/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | LARD1.5 - Located in an Opportunity Zone. Lot R1.5* | ||
| Price | $2,455,500 CAD |
| Price Per Unit | $350,786 CAD |
| Sale Type | Investment |
| Cap Rate | 6.55% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 4,605 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1948 |
| Parking Ratio | 2.01/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | LARD1.5 - Located in an Opportunity Zone. Lot R1.5* |
AMENITIES
UNIT AMENITIES
- Washer/Dryer
- Refrigerator
- Oven
- Range
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 1 | $3,175 CAD | 705 |
| 1+1 | 6 | $1,987 CAD | 600 - 900 |
1 1
Walk Score®
Walker's Paradise (92)
Bike Score®
Very Bikeable (79)
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4124-4126 1/2 Monroe St
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