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7.8 Cap 21-Unit Apartment 5022 W Washington Blvd 21 Unit Apartment Building $3,278,955 CAD ($156,141 CAD/Unit) 7.82% Cap Rate Los Angeles, CA 90016
Investment Highlights
- Value Add Multi-Family Investment
- $183,660 Pro Forma NOI | 7.8% Cap Rate | $106,818 Per Unit
- Available with Adjacent ±3,540 SF Commercial Building on ±10,669 SF of Land for $4,350,000
- 2-Story, 21-Unit Apartment With 11 Car Parking
- Prime Mid-City West Washington Blvd Location
Executive Summary
We are pleased to present a 21 unit multi-family property located at 5022 W. Washington Blvd in the highly desirable Mid-City Los Angeles submarket. Situated on a ±10,149 SF parcel with flexible C2 commercial zoning and Opportunity Zone designation, the property offers investors a rare value-add or redevelopment opportunity in one of Los Angeles’ strongest urban growth corridors. Originally constructed in 1948 as a motel but was converted to multifamily. The property consists of ±7,553 SF of improvements and
benefits from exceptional connectivity to Culver City, Downtown Los Angeles, USC, Koreatown, and the Westside. The property is strategically positioned along Washington Boulevard, a major east-west corridor experiencing ongoing redevelopment, increasing residential density, and expanding commercial activity. The combination of central location, Opportunity Zone tax advantages, and flexible zoning creates a compelling investment opportunity for hospitality operators, developers, and value-add investors. Note: Available with adjacent ±3,540 SF commercial building on ±10,669 SF of land for total of $4,350,000.
benefits from exceptional connectivity to Culver City, Downtown Los Angeles, USC, Koreatown, and the Westside. The property is strategically positioned along Washington Boulevard, a major east-west corridor experiencing ongoing redevelopment, increasing residential density, and expanding commercial activity. The combination of central location, Opportunity Zone tax advantages, and flexible zoning creates a compelling investment opportunity for hospitality operators, developers, and value-add investors. Note: Available with adjacent ±3,540 SF commercial building on ±10,669 SF of land for total of $4,350,000.
Financial Summary (Pro Forma - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$411,943
|
$44.55
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$411,943
|
$44.55
|
| Taxes |
$40,987
|
$4.43
|
| Operating Expenses |
$114,695
|
$12.40
|
| Total Expenses |
$155,682
|
$16.84
|
| Net Operating Income |
$256,261
|
$27.71
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $411,943 |
| Annual Per SF | $44.55 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $411,943 |
| Annual Per SF | $44.55 |
| Taxes (CAD) | |
|---|---|
| Annual | $40,987 |
| Annual Per SF | $4.43 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $114,695 |
| Annual Per SF | $12.40 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $155,682 |
| Annual Per SF | $16.84 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $256,261 |
| Annual Per SF | $27.71 |
Property Facts
| Price | $3,278,955 CAD | Building Class | C |
| Price Per Unit | $156,141 CAD | Lot Size | 0.24 AC |
| Sale Type | Investment | Building Size | 9,247 SF |
| Cap Rate | 7.82% | No. Stories | 2 |
| No. Units | 21 | Year Built | 1948 |
| Property Type | Multifamily | Parking Ratio | 1.3/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | LAC2-1VL-CPIO - Commercial C1.5 Uses; Retail w/ Limited Manufacturing, Service Stations and Garages, Retail Contr. Business, Churches, Schools, Auto Sales, R4 Uses | ||
| Price | $3,278,955 CAD |
| Price Per Unit | $156,141 CAD |
| Sale Type | Investment |
| Cap Rate | 7.82% |
| No. Units | 21 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 9,247 SF |
| No. Stories | 2 |
| Year Built | 1948 |
| Parking Ratio | 1.3/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | LAC2-1VL-CPIO - Commercial C1.5 Uses; Retail w/ Limited Manufacturing, Service Stations and Garages, Retail Contr. Business, Churches, Schools, Auto Sales, R4 Uses |
Amenities
Unit Amenities
- Kitchen
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 16 | - | - |
| 1+1 | 5 | - | - |
Moderately walkable
70/100
Exceptionally drivable
100/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5062-004-012 | Total Assessment | $225,810 CAD (2025) |
| Land Assessment | $122,200 CAD (2025) | Annual Taxes | $40,987 CAD ($4.43 CAD/SF) |
| Improvements Assessment | $103,610 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
5062-004-012
Land Assessment
$122,200 CAD (2025)
Improvements Assessment
$103,610 CAD (2025)
Total Assessment
$225,810 CAD (2025)
Annual Taxes
$40,987 CAD ($4.43 CAD/SF)
Tax Year
2026
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7.8 Cap 21-Unit Apartment | 5022 W Washington Blvd
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