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La Tour Apartments 6812 11th Ave 26 Unit Apartment Building $9,206,093 CAD ($354,080 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 |
$1,163,360
|
$48.73
|
| Other Income |
$23,602
|
$0.99
|
| Vacancy Loss |
$35,609
|
$1.49
|
| Effective Gross Income |
$1,151,353
|
$48.23
|
| Taxes |
$110,381
|
$4.62
|
| Operating Expenses |
$202,200
|
$8.47
|
| Total Expenses |
$312,581
|
$13.09
|
| Net Operating Income |
$838,772
|
$35.13
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $1,163,360 |
| Annual Per SF | $48.73 |
| Other Income (CAD) | |
|---|---|
| Annual | $23,602 |
| Annual Per SF | $0.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $35,609 |
| Annual Per SF | $1.49 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $1,151,353 |
| Annual Per SF | $48.23 |
| Taxes (CAD) | |
|---|---|
| Annual | $110,381 |
| Annual Per SF | $4.62 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $202,200 |
| Annual Per SF | $8.47 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $312,581 |
| Annual Per SF | $13.09 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $838,772 |
| Annual Per SF | $35.13 |
PROPERTY FACTS
| Price | $9,206,093 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $354,080 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 | $9,206,093 CAD |
| Price Per Unit | $354,080 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 |
1 1
Walk Score®
Very Walkable (79)
PROPERTY TAXES
| Parcel Number | 4006-026-041 | Total Assessment | $6,053,269 CAD |
| Land Assessment | $3,377,941 CAD | Annual Taxes | $110,381 CAD ($4.62 CAD/SF) |
| Improvements Assessment | $2,675,328 CAD | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
4006-026-041
Land Assessment
$3,377,941 CAD
Improvements Assessment
$2,675,328 CAD
Total Assessment
$6,053,269 CAD
Annual Taxes
$110,381 CAD ($4.62 CAD/SF)
Tax Year
2025
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La Tour Apartments | 6812 11th Ave
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