Log In/Sign Up
Your email has been sent.
606 W 81st St 10 Unit Apartment Building $1,592,900 CAD ($159,290 CAD/Unit) 7.06% Cap Rate Los Angeles, CA 90044
Investment Highlights
- 100% Occupied | Four 1-Bedroom/1-Bath Units & Six Studio Units
- Projected to Generate Approximately 7% Cash-on-Cash Return with 35% Down Payment*
- 4,160 SF Building Situated on a Large 9,313 SF Lot
- Exceptional Basis | Only $115,000 Per Unit & $276 Per Square Foot
- Single-Story Courtyard-Style Apartment Community with Rear Surface Parking
- Prime South LA (90044) Location with Strong Rental Demand and Convenient 110 Freeway Access
Executive Summary
The Harley Group at Lyon Stahl is pleased to present 606 W 81st Street, a 10-unit multifamily investment opportunity located in the highly active 90044 submarket of South Los Angeles. Offered at an attractive 7.06% current CAP rate and 8.21 GRM, the property delivers strong in-place cash flow with an exceptional basis of just $115,000 per unit and $276 per square foot. The property consists of four 1-Bedroom/1-Bath units and six Studio units, all currently occupied, providing investors with stable day-one income.
Situated on a large 9,313-square-foot lot, the property features a desirable single-story courtyard-style layout with surface parking in the rear. The 4,160-square-foot building features a highly rentable unit mix that appeals to a broad tenant base.
Located in one of South Los Angeles' most active multifamily investment submarkets, the property benefits from a large inventory of workforce housing, strong rental demand, and convenient access to the Harbor (110) Freeway. This is an exceptional opportunity to acquire a high-yield, income-producing asset with stable cash flow and long-term investment potential.
*Title records reflect 9 legal units. The property has operated as 10 units under current ownership, with City of Los Angeles rent control registration and fees paid for 10 units. Buyer to independently verify.*
Situated on a large 9,313-square-foot lot, the property features a desirable single-story courtyard-style layout with surface parking in the rear. The 4,160-square-foot building features a highly rentable unit mix that appeals to a broad tenant base.
Located in one of South Los Angeles' most active multifamily investment submarkets, the property benefits from a large inventory of workforce housing, strong rental demand, and convenient access to the Harbor (110) Freeway. This is an exceptional opportunity to acquire a high-yield, income-producing asset with stable cash flow and long-term investment potential.
*Title records reflect 9 legal units. The property has operated as 10 units under current ownership, with City of Los Angeles rent control registration and fees paid for 10 units. Buyer to independently verify.*
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$194,040
|
$42.73
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$7,762
|
$1.71
|
| Effective Gross Income |
$186,278
|
$41.02
|
| Taxes |
$20,593
|
$4.53
|
| Operating Expenses |
$53,231
|
$11.72
|
| Total Expenses |
$73,823
|
$16.26
|
| Net Operating Income |
$112,455
|
$24.76
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $194,040 |
| Annual Per SF | $42.73 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $7,762 |
| Annual Per SF | $1.71 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $186,278 |
| Annual Per SF | $41.02 |
| Taxes (CAD) | |
|---|---|
| Annual | $20,593 |
| Annual Per SF | $4.53 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $53,231 |
| Annual Per SF | $11.72 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $73,823 |
| Annual Per SF | $16.26 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $112,455 |
| Annual Per SF | $24.76 |
Property Facts
| Price | $1,592,900 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $159,290 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.21 AC |
| Cap Rate | 7.06% | Building Size | 4,160 SF |
| Gross Rent Multiplier | 8.21 | No. Stories | 2 |
| No. Units | 10 | Year Built | 1927 |
| Property Type | Multifamily | Parking Ratio | 0.96/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R4-1, Los Angeles | ||
| Price | $1,592,900 CAD |
| Price Per Unit | $159,290 CAD |
| Sale Type | Investment |
| Cap Rate | 7.06% |
| Gross Rent Multiplier | 8.21 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 4,160 SF |
| No. Stories | 2 |
| Year Built | 1927 |
| Parking Ratio | 0.96/1,000 SF |
| Zoning | R4-1, Los Angeles |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 6 | $1,428 CAD | 350 |
| 1+1 | 4 | $1,900 CAD | 400 - 500 |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Good public transit
60/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 6032-024-017 | Total Assessment | $1,403,750 CAD (2026) |
| Land Assessment | $1,069,526 CAD (2026) | Annual Taxes | $20,593 CAD ($4.95 CAD/SF) |
| Improvements Assessment | $334,224 CAD (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
6032-024-017
Land Assessment
$1,069,526 CAD (2026)
Improvements Assessment
$334,224 CAD (2026)
Total Assessment
$1,403,750 CAD (2026)
Annual Taxes
$20,593 CAD ($4.95 CAD/SF)
Tax Year
2025
1 of 10
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
606 W 81st 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.