Log In/Sign Up
Your email has been sent.
5606 S Figueroa St 16 Unit Apartment Building $2,721,419 CAD ($170,089 CAD/Unit) 6.40% Cap Rate Los Angeles, CA 90037
Investment Highlights
- Separately Metered for Gas & Electricity
- Recently Painted Exterior Facade
- Priced Well Below Replacement Cost
- Value-Add: 30% 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) one-bedroom units. There is still approximately 30% rental upside that can be achieved as the units turnover.
Data Room Click Here to Access
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$316,228
|
$34.79
|
| Other Income |
$1,162
|
$0.13
|
| Vacancy Loss |
$9,487
|
$1.04
|
| Effective Gross Income |
$307,902
|
$33.87
|
| Taxes |
$32,657
|
$3.59
|
| Operating Expenses |
$101,085
|
$11.12
|
| Total Expenses |
$133,742
|
$14.71
|
| Net Operating Income |
$174,160
|
$19.16
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $316,228 |
| Annual Per SF | $34.79 |
| Other Income (CAD) | |
|---|---|
| Annual | $1,162 |
| Annual Per SF | $0.13 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $9,487 |
| Annual Per SF | $1.04 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $307,902 |
| Annual Per SF | $33.87 |
| Taxes (CAD) | |
|---|---|
| Annual | $32,657 |
| Annual Per SF | $3.59 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $101,085 |
| Annual Per SF | $11.12 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $133,742 |
| Annual Per SF | $14.71 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $174,160 |
| Annual Per SF | $19.16 |
Property Facts
| Price | $2,721,419 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $170,089 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 6.40% | Building Size | 9,090 SF |
| Gross Rent Multiplier | 8.61 | Average Occupancy | 87% |
| No. Units | 16 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1927 |
| Property Subtype | Apartment | ||
| Zoning | C2, Los Angeles | ||
| Price | $2,721,419 CAD |
| Price Per Unit | $170,089 CAD |
| Sale Type | Investment |
| Cap Rate | 6.40% |
| Gross Rent Multiplier | 8.61 |
| 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
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 13 | $1,491 CAD | 550 |
| 1+1 | 3 | $2,326 CAD | 575 |
1 1
Walk Score®
Very Walkable (76)
Property Taxes
| Parcel Number | 5001-036-003 | Total Assessment | $2,337,556 CAD |
| Land Assessment | $946,154 CAD | Annual Taxes | $32,657 CAD ($3.59 CAD/SF) |
| Improvements Assessment | $1,391,402 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
5001-036-003
Land Assessment
$946,154 CAD
Improvements Assessment
$1,391,402 CAD
Total Assessment
$2,337,556 CAD
Annual Taxes
$32,657 CAD ($3.59 CAD/SF)
Tax Year
2025
1 of 17
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
5606 S Figueroa St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.