Share This Listing

Message

959 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

Investment Highlights

  • 3 bedroom units
  • Assumable loan
  • Vacant unit

Executive Summary

6.2 cap + 12.49 GRM + non rent control + assumable $1.235M loan at 3.9% (principle & interest approx $6250/mo, Buyer to verify). NOT RSO not rent control (Rent Stabilization Ordinance) built in 1989. End owner's 3 bed 3 bath unit is vacant & ready for the new owner to occupy or rent. Real gross income with the vacant owner's unit rented and laundry income is at 6.2 cap at $205,327 today. 2026 rent increases could see $219,192 income by October. Upside is to $238,029 income. Located on the Glendale border with easy freeway access, restaurants, and shops is this well maintained 5 unit apartment building. Each unit is large 3 bedrooms. 2 parking spaces for each unit. End unit has a fenced rear backyard. Tenants pay for their own water, electricity, and gas. Photos of vacant end unit.

Financial Summary (Actual - 2025)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $280,475 $43.21
Other Income $909 $0.14
Vacancy Loss - -
Effective Gross Income $281,384 $43.35
Taxes $47,293 $7.29
Operating Expenses $24,485 $3.77
Total Expenses $71,778 $11.06
Net Operating Income $209,606 $32.29

Financial Summary (Actual - 2025)

Gross Rental Income (CAD)
Annual $280,475
Annual Per SF $43.21
Other Income (CAD)
Annual $909
Annual Per SF $0.14
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $281,384
Annual Per SF $43.35
Taxes (CAD)
Annual $47,293
Annual Per SF $7.29
Operating Expenses (CAD)
Annual $24,485
Annual Per SF $3.77
Total Expenses (CAD)
Annual $71,778
Annual Per SF $11.06
Net Operating Income (CAD)
Annual $209,606
Annual Per SF $32.29

Property Facts

Price $3,698,736 CAD
Price Per Unit $739,747 CAD
Sale Type Investment
Cap Rate 6.20%
Gross Rent Multiplier 12.49
No. Units 5
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.20 AC
Building Size 6,491 SF
Average Occupancy 95%
No. Stories 2
Year Built 1989
Parking Ratio 2/1,000 SF
Zoning R3-1, Los Angeles - Multiple Dwelling R2 Uses, Apartment Houses, Multiple Dwellings, Child Care (20 max)

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
3+3 2 $10,771 CAD -
3+2 3 $14,420 CAD -
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
50/100
Somewhat bikeable
20/100

Property Taxes

Property Taxes

Parcel Number
5680-028-006
Land Assessment
$721,022 CAD
Improvements Assessment
$618,016 CAD
Total Assessment
$1,339,038 CAD
Annual Taxes
$47,293 CAD ($7.29 CAD/SF)
Tax Year
2025
  • Listing ID: 38439640

  • Date on Market: 2025-11-13

  • Last Updated:

  • Address: 5227 Eagle Dale Ave, Los Angeles, CA 90041

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}