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8118 S Western Ave 18 Unit Apartment Building $4,100,640 CAD ($227,813 CAD/Unit) 7.41% Cap Rate Los Angeles, CA 90047
INVESTMENT HIGHLIGHTS
- Strong In-Place Income
- 17 Gated Parking Spaces
- Value-Add Opportunity
- Prime Location
EXECUTIVE SUMMARY
We are pleased to present 8118 S Western Avenue in Los Angeles, CA, an 18-unit apartment building offering strong in-place income and a compelling value-add opportunity. The property features a desirable unit mix of 16 one-bedroom units and two two-bedroom units, providing immediate cash flow with upside through unit upgrades and operational efficiencies. The asset includes 17 gated parking spaces and has benefited from recent capital improvements, including a new roof (2022), soft-story seismic retrofit (2021), new water heaters (2021), and electrical upgrades (2016). Strategically located approximately 6.5 miles from SoFi Stadium, Intuit Dome, and Hollywood Park, and bordering Inglewood zip codes, the property is positioned near major redevelopment corridors, transit, and retail—supporting strong tenant demand and long-term appreciation within the City of Los Angeles. For more information, please reach out.
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $4,100,640 CAD | Property Subtype | Apartment |
| Price Per Unit | $227,813 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 7.41% | Lot Size | 0.29 AC |
| Gross Rent Multiplier | 8.75 | Building Size | 11,810 SF |
| No. Units | 18 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1960 |
| Zoning | C2-1, Los Angeles | ||
| Price | $4,100,640 CAD |
| Price Per Unit | $227,813 CAD |
| Sale Type | Investment |
| Cap Rate | 7.41% |
| Gross Rent Multiplier | 8.75 |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.29 AC |
| Building Size | 11,810 SF |
| No. Stories | 2 |
| Year Built | 1960 |
| Zoning | C2-1, Los Angeles |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 1 | $2,217 CAD | 656 |
| 2+1 | 1 | $3,129 CAD | 656 |
| 1+1 | 16 | $2,390 CAD | 656 |
1 1
Walk Score®
Very Walkable (78)
PROPERTY TAXES
| Parcel Number | 6034-009-003 | Total Assessment | $2,688,008 CAD |
| Land Assessment | $1,845,373 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $842,635 CAD | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
6034-009-003
Land Assessment
$1,845,373 CAD
Improvements Assessment
$842,635 CAD
Total Assessment
$2,688,008 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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8118 S Western Ave
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