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5606 S Figueroa St 16 Unit Apartment Building $2,675,938 CAD ($167,246 CAD/Unit) 6.63% Cap Rate Los Angeles, CA 90037
Investment Highlights
- Separately Metered for Gas & Electricity
- Recently Painted Exterior Facade
- Priced Well Below Replacement Cost
- Value-Add: 32% Rental Upside
- Driving Distance to BMO Stadium
Executive Summary
5606 S Figueroa Street is a 16-unit apartment separately metered for gas and electricity in the South Los Angeles neighborhood of Los Angeles. Numerous capital improvements have been completed at the building over the years including a newly painted exterior facade, interior common area hallways and multiple interior unit improvements. The opportunity consists of thirteen (13) studio units and three (3) two-bedroom units. There is still approximately 32% rental upside that can be achieved as the units turnover.
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Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$320,442
|
$35.25
|
| Other Income |
$1,172
|
$0.13
|
| Vacancy Loss |
$9,613
|
$1.06
|
| Effective Gross Income |
$312,002
|
$34.32
|
| Taxes |
$32,178
|
$3.54
|
| Operating Expenses |
$101,952
|
$11.22
|
| Total Expenses |
$134,130
|
$14.76
|
| Net Operating Income |
$177,872
|
$19.57
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $320,442 |
| Annual Per SF | $35.25 |
| Other Income (CAD) | |
|---|---|
| Annual | $1,172 |
| Annual Per SF | $0.13 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $9,613 |
| Annual Per SF | $1.06 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $312,002 |
| Annual Per SF | $34.32 |
| Taxes (CAD) | |
|---|---|
| Annual | $32,178 |
| Annual Per SF | $3.54 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $101,952 |
| Annual Per SF | $11.22 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $134,130 |
| Annual Per SF | $14.76 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $177,872 |
| Annual Per SF | $19.57 |
Property Facts
| Price | $2,675,938 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $167,246 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 6.63% | Building Size | 9,090 SF |
| Gross Rent Multiplier | 8.37 | Average Occupancy | 87% |
| No. Units | 16 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1927 |
| Property Subtype | Apartment | ||
| Zoning | C2, Los Angeles | ||
| Price | $2,675,938 CAD |
| Price Per Unit | $167,246 CAD |
| Sale Type | Investment |
| Cap Rate | 6.63% |
| Gross Rent Multiplier | 8.37 |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 9,090 SF |
| Average Occupancy | 87% |
| No. Stories | 2 |
| Year Built | 1927 |
| Zoning | C2, Los Angeles |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 13 | $1,501 CAD | 550 |
| 2+1 | 3 | $2,382 CAD | 575 |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Good public transit
70/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 5001-036-003 | Total Assessment | $2,357,605 CAD |
| Land Assessment | $954,269 CAD | Annual Taxes | $32,178 CAD ($3.54 CAD/SF) |
| Improvements Assessment | $1,403,336 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
5001-036-003
Land Assessment
$954,269 CAD
Improvements Assessment
$1,403,336 CAD
Total Assessment
$2,357,605 CAD
Annual Taxes
$32,178 CAD ($3.54 CAD/SF)
Tax Year
2025
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5606 S Figueroa St
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