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550 W 47th St 32 Unit Apartment Building $4,917,259 CAD ($153,664 CAD/Unit) 6.97% Cap Rate Los Angeles, CA 90037
Investment Highlights
- Fully leased by city housing agency
- Private location
Executive Summary
SOLID CASH FLOW, Great Investment Property, Stream of Income for over 6.1% CAP Prime Multi-Unit Investment Opportunity in South Los Angeles.
Rare chance to acquire a 2020 yr built high-yield, multi-unit property in a desirable South Los Angeles location—just minutes from BMO Stadium, Exposition Park, and with easy access to the 110 Freeway (Vernon Exit). This versatile property is well-suited for homeless shelters, interim transition housing, non-profit organizations, and government-backed master lease programs. The Rent Roll is current and the lease has commenced as as May 1 2025.
Featuring four units with an impressive total of 32 master suite-style bedrooms and 32 bathrooms, each suite is equipped with a private bath and mini-split HVAC system for maximum comfort. The property also offers common dining areas and laundry facilities in each unit.
Zoned R-2 with R-3 occupancy per COO, this unique asset presents significant flexibility and potential.
?? For more information, contact Listing Agent Robert Lee at (213) 925-3632 or robert.lee@injproperties.com.
Rare chance to acquire a 2020 yr built high-yield, multi-unit property in a desirable South Los Angeles location—just minutes from BMO Stadium, Exposition Park, and with easy access to the 110 Freeway (Vernon Exit). This versatile property is well-suited for homeless shelters, interim transition housing, non-profit organizations, and government-backed master lease programs. The Rent Roll is current and the lease has commenced as as May 1 2025.
Featuring four units with an impressive total of 32 master suite-style bedrooms and 32 bathrooms, each suite is equipped with a private bath and mini-split HVAC system for maximum comfort. The property also offers common dining areas and laundry facilities in each unit.
Zoned R-2 with R-3 occupancy per COO, this unique asset presents significant flexibility and potential.
?? For more information, contact Listing Agent Robert Lee at (213) 925-3632 or robert.lee@injproperties.com.
Data Room Click Here to Access
Financial Summary (Actual - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$410,913
|
$40.23
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$410,913
|
$40.23
|
| Taxes |
$64,598
|
$6.32
|
| Operating Expenses |
$24,437
|
$2.39
|
| Total Expenses |
$89,035
|
$8.72
|
| Net Operating Income |
$321,878
|
$31.51
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $410,913 |
| Annual Per SF | $40.23 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $410,913 |
| Annual Per SF | $40.23 |
| Taxes (CAD) | |
|---|---|
| Annual | $64,598 |
| Annual Per SF | $6.32 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $24,437 |
| Annual Per SF | $2.39 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $89,035 |
| Annual Per SF | $8.72 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $321,878 |
| Annual Per SF | $31.51 |
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Heating
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 32 | - | - |
1 1
Moderately walkable
60/100
Very drivable
80/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5018-027-019 | Total Assessment | $5,088,492 CAD (2025) |
| Land Assessment | $2,907,710 CAD (2025) | Annual Taxes | $64,598 CAD ($6.32 CAD/SF) |
| Improvements Assessment | $2,180,782 CAD (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
5018-027-019
Land Assessment
$2,907,710 CAD (2025)
Improvements Assessment
$2,180,782 CAD (2025)
Total Assessment
$5,088,492 CAD (2025)
Annual Taxes
$64,598 CAD ($6.32 CAD/SF)
Tax Year
2024
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I & J Properties, Inc.
550 W 47th St
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