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834 Laguna Ave 4 Unit Apartment Building $1,753,608 CAD ($438,402 CAD/Unit) 5.33% Cap Rate Los Angeles, CA 90026
Investment Highlights
- High Walk Score - Walking distance to Sunset Boulevard
- Stabilized - 100% leased all near top of the market rents
- Lots of Light and Views of the Hollywood Sign and Lake
- Value Add - Opportunity to increase rent in 1 unit.
Executive Summary
This is not just a multifamily asset; it is a strategic foothold in one of Los Angeles’ most durable rental markets. Located at 834 Laguna Avenue, this rare hillside compound consists of two separate duplexes on a single 4,034 SF lot, delivering four distinct income streams. The asset comprises two (2) 1BD/1BA units and two (2) Studio/1BA units (0BD/1BA), perfectly calibrated for Echo Park’s high-demand demographic of solo creative professionals.
The property leverages its topography to offer what tenants value most: privacy and perspective. Elevated above the street, the units feature panoramic views of the Hollywood Hills and Echo Park Lake, creating a "scarcity" factor that commands premium rents. Each unit benefits from dedicated outdoor space—a critical post-2020 amenity that minimizes vacancy risk. With vintage 1925 Spanish-style architecture, hardwood flooring, and modern upgrades, the property balances historic charm with operational efficiency. This is a low-maintenance, high-desirability asset where the physical separation of the duplexes reduces tenant friction and maximizes retention.
The property leverages its topography to offer what tenants value most: privacy and perspective. Elevated above the street, the units feature panoramic views of the Hollywood Hills and Echo Park Lake, creating a "scarcity" factor that commands premium rents. Each unit benefits from dedicated outdoor space—a critical post-2020 amenity that minimizes vacancy risk. With vintage 1925 Spanish-style architecture, hardwood flooring, and modern upgrades, the property balances historic charm with operational efficiency. This is a low-maintenance, high-desirability asset where the physical separation of the duplexes reduces tenant friction and maximizes retention.
Financial Summary (Actual - 2024) 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 - 2024) 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 | $1,753,608 CAD | Property Subtype | Apartment |
| Price Per Unit | $438,402 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.09 AC |
| Cap Rate | 5.33% | Building Size | 1,520 SF |
| Gross Rent Multiplier | 12.66 | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1925 |
| Zoning | LARD2 | ||
| Price | $1,753,608 CAD |
| Price Per Unit | $438,402 CAD |
| Sale Type | Investment |
| Cap Rate | 5.33% |
| Gross Rent Multiplier | 12.66 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.09 AC |
| Building Size | 1,520 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1925 |
| Zoning | LARD2 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | - | 330 |
| 1+1 | 2 | - | 430 |
1 1
Walk Score®
Very Walkable (88)
Property Taxes
| Parcel Number | 5404-022-023 | Total Assessment | $1,839,692 CAD (2025) |
| Land Assessment | $1,202,876 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $636,817 CAD (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
5404-022-023
Land Assessment
$1,202,876 CAD (2025)
Improvements Assessment
$636,817 CAD (2025)
Total Assessment
$1,839,692 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
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