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Los Angeles Apartment 6214 S Victoria Ave 12 Unit Apartment Building $2,385,041 CAD ($198,753 CAD/Unit) 6.21% Cap Rate Los Angeles, CA 90043
Investment Highlights
- Current rents are ~38% below market, providing immediate upside through organic lease-up and unit turns.
- Major capital improvements are already complete, including soft-story seismic retrofit, all-copper plumbing, and individual metering.
- Unit mix features (2) 2 Bed units, (9) 1 Bed units, and (1) Studio.
- Located in the Hyde Park submarket near Leimert Park, benefitting from strong rental demand and a walkable neighborhood.
Executive Summary
The Cohen Group is proud to introduce an exceptional multifamily investment opportunity: a 12 unit value add asset located at 6214 South Victoria Avenue in the vibrant Hyde Park neighborhood. This offering presents significant upside potential, with projected rental upside of approximately 38%, all while being offered at an attractive 6.21% Cap Rate and $185 per sf — a compelling combination for investors seeking bothstability and growth.
PROPERTY HIGHLIGHTS:
- 12 Units Total — (2) spacious 2 Bed / 2 Bath units, (9) well appointed 1 Bed / 1 Bath units, and (1) Studio.
- 9,405 SF Building featuring front balconies, generous floor plans, and one parking space per unit.
- Additional Income Stream from onsite, leased laundry facilities.
-Strong Building Systems — individual gas & electric meters,and completed soft story seismic retrofit.
LOCATION ADVANTAGES: With a Walk Score of 74, residents enjoy convenient access to daily essentials, neighborhood amenities, and local retail — many within walking distance. The property is ideally positioned near public transit, including the nearby Metro line, and is surrounded by schools and community resources serving Hyde Park and Leimert Park. This connectivity enhances tenant demand and long term rental performance.
PROPERTY HIGHLIGHTS:
- 12 Units Total — (2) spacious 2 Bed / 2 Bath units, (9) well appointed 1 Bed / 1 Bath units, and (1) Studio.
- 9,405 SF Building featuring front balconies, generous floor plans, and one parking space per unit.
- Additional Income Stream from onsite, leased laundry facilities.
-Strong Building Systems — individual gas & electric meters,and completed soft story seismic retrofit.
LOCATION ADVANTAGES: With a Walk Score of 74, residents enjoy convenient access to daily essentials, neighborhood amenities, and local retail — many within walking distance. The property is ideally positioned near public transit, including the nearby Metro line, and is surrounded by schools and community resources serving Hyde Park and Leimert Park. This connectivity enhances tenant demand and long term rental performance.
Financial Summary (Actual - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$254,234
|
$27.03
|
| Other Income |
$13,337
|
$1.42
|
| Vacancy Loss |
$6,356
|
$0.68
|
| Effective Gross Income |
$261,215
|
$27.77
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$113,041
|
$12.02
|
| Net Operating Income |
$148,174
|
$15.75
|
Financial Summary (Actual - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $254,234 |
| Annual Per SF | $27.03 |
| Other Income (CAD) | |
|---|---|
| Annual | $13,337 |
| Annual Per SF | $1.42 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $6,356 |
| Annual Per SF | $0.68 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $261,215 |
| Annual Per SF | $27.77 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $113,041 |
| Annual Per SF | $12.02 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $148,174 |
| Annual Per SF | $15.75 |
Property Facts
| Price | $2,385,041 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $198,753 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.26 AC |
| Cap Rate | 6.21% | Building Size | 9,405 SF |
| Gross Rent Multiplier | 9.38 | No. Stories | 2 |
| No. Units | 12 | Year Built | 1964 |
| Property Type | Multifamily | Parking Ratio | 1.28/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R3 | ||
| Price | $2,385,041 CAD |
| Price Per Unit | $198,753 CAD |
| Sale Type | Investment |
| Cap Rate | 6.21% |
| Gross Rent Multiplier | 9.38 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 9,405 SF |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 1.28/1,000 SF |
| Zoning | R3 |
Amenities
Unit Amenities
- Balcony
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 2 | - | - |
| 1+1 | 9 | - | - |
| Studios | 1 | - | - |
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 4006-004-022 | Improvements Assessment | $389,741 CAD (2025) |
| Land Assessment | $217,729 CAD (2025) | Total Assessment | $607,470 CAD (2025) |
Property Taxes
Parcel Number
4006-004-022
Land Assessment
$217,729 CAD (2025)
Improvements Assessment
$389,741 CAD (2025)
Total Assessment
$607,470 CAD (2025)
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Los Angeles Apartment | 6214 S Victoria Ave
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