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La Tour Apartments 6812 11th Ave 26 Unit Apartment Building $9,018,860 CAD ($346,879 CAD/Unit) 6.04% Cap Rate Los Angeles, CA 90043
Investment Highlights
- Very clean
- Well-managed and "easy" to run
- Massive lot - build a 1/2 dozen ADUs (BTV)
- Very steady
- Only minutes to SoFi, The Forum and Intuit Dome
Executive Summary
An attractive 26 units - almost all are rehabbed. Newer windows and railings. Seismic completed. Diverse unit mix. Strong on-site and off-site management. Separately-metered and RUBS program. 'Leaner' annual expenses and less-likely to come out-of-pocket for cap ex, versus competing deals. Can likely add several ADUs, maybe as many as a half dozen!
6.2% CAP CURRENT
9.11% CAP PROFORMA
24K SQ. FT. RENTABLE
MASSIVE 20K SQ. FT. LOT - ADD 5 OR 6 ADUs
EXCLUSIVELY LISTED AT $6,595,000
PRICE RECENTLY REDUCED
6.2% CAP CURRENT
9.11% CAP PROFORMA
24K SQ. FT. RENTABLE
MASSIVE 20K SQ. FT. LOT - ADD 5 OR 6 ADUs
EXCLUSIVELY LISTED AT $6,595,000
PRICE RECENTLY REDUCED
Financial Summary (Pro Forma - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$1,139,699
|
$47.74
|
| Other Income |
$23,122
|
$0.97
|
| Vacancy Loss |
$34,884
|
$1.46
|
| Effective Gross Income |
$1,127,937
|
$47.25
|
| Taxes |
$108,136
|
$4.53
|
| Operating Expenses |
$198,088
|
$8.30
|
| Total Expenses |
$306,224
|
$12.83
|
| Net Operating Income |
$821,713
|
$34.42
|
Financial Summary (Pro Forma - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $1,139,699 |
| Annual Per SF | $47.74 |
| Other Income (CAD) | |
|---|---|
| Annual | $23,122 |
| Annual Per SF | $0.97 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $34,884 |
| Annual Per SF | $1.46 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $1,127,937 |
| Annual Per SF | $47.25 |
| Taxes (CAD) | |
|---|---|
| Annual | $108,136 |
| Annual Per SF | $4.53 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $198,088 |
| Annual Per SF | $8.30 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $306,224 |
| Annual Per SF | $12.83 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $821,713 |
| Annual Per SF | $34.42 |
Property Facts
| Price | $9,018,860 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $346,879 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.47 AC |
| Cap Rate | 6.04% | Building Size | 23,874 SF |
| Gross Rent Multiplier | 10.88 | Average Occupancy | 92% |
| No. Units | 26 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1964 |
| Property Subtype | Apartment | Parking Ratio | 1.09/1,000 SF |
| Zoning | R3 - R3 | ||
| Price | $9,018,860 CAD |
| Price Per Unit | $346,879 CAD |
| Sale Type | Investment |
| Cap Rate | 6.04% |
| Gross Rent Multiplier | 10.88 |
| No. Units | 26 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.47 AC |
| Building Size | 23,874 SF |
| Average Occupancy | 92% |
| No. Stories | 3 |
| Year Built | 1964 |
| Parking Ratio | 1.09/1,000 SF |
| Zoning | R3 - R3 |
Amenities
Unit Amenities
- Cable Ready
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Range
Site Amenities
- Fenced Lot
- Laundry Facilities
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | 600 |
| 2+1 | 8 | - | 750 |
| 2+1.5 | 11 | - | 850 |
| 2+2 | 1 | - | 1,000 |
| 3+2 | 3 | - | 1,400 |
| 4+2 | 2 | - | 1,450 |
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Walk Score®
Very Walkable (79)
Property Taxes
| Parcel Number | 4006-026-041 | Total Assessment | $5,893,851 CAD |
| Land Assessment | $3,288,980 CAD | Annual Taxes | $108,136 CAD ($4.53 CAD/SF) |
| Improvements Assessment | $2,604,871 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
4006-026-041
Land Assessment
$3,288,980 CAD
Improvements Assessment
$2,604,871 CAD
Total Assessment
$5,893,851 CAD
Annual Taxes
$108,136 CAD ($4.53 CAD/SF)
Tax Year
2025
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La Tour Apartments | 6812 11th Ave
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