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8925 Broadway 4 Unit Apartment Building $1,835,450 CAD ($458,862 CAD/Unit) 5.20% Cap Rate Los Angeles, CA 90003
Investment Highlights
- Built in 1990 with a total living area of 3,204 SF across two levels.
- Strong multifamily fundamentals in an area with enduring rental housing demand.
- Strategic location with easy access to public transit and regional job centers in South Los Angeles.
- Eight onsite parking spaces enhance convenience for residents.
Executive Summary
Comprised of (4) 3BD/1BA units, 8925 S. Broadway is a well maintained multifamily asset located in South Los Angeles. Built in 1990, the asset is situated on a 6,043 square foot lot with 8 parking spaces located behind the building. Priced at a 5.2% Cap rate and an 11.38 GRM, new ownership can capture approximately 23% upside to stabilize the asset at a 7.38% Cap rate and 9.25 GRM. Contact broker today for more information.
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 | $1,835,450 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $458,862 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 5.20% | Building Size | 3,204 SF |
| Gross Rent Multiplier | 11.38 | Average Occupancy | 75% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1990 |
| Property Subtype | Apartment | Parking Ratio | 2.5/1,000 SF |
| Zoning | LAC2 - Commercial | ||
| Price | $1,835,450 CAD |
| Price Per Unit | $458,862 CAD |
| Sale Type | Investment |
| Cap Rate | 5.20% |
| Gross Rent Multiplier | 11.38 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 3,204 SF |
| Average Occupancy | 75% |
| No. Stories | 2 |
| Year Built | 1990 |
| Parking Ratio | 2.5/1,000 SF |
| Zoning | LAC2 - Commercial |
Amenities
Unit Amenities
- Air Conditioning
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 4 | $3,360 CAD | 800 |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Good public transit
70/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 6040-030-016 | Total Assessment | $1,204,866 CAD (2025) |
| Land Assessment | $813,798 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $391,068 CAD (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
6040-030-016
Land Assessment
$813,798 CAD (2025)
Improvements Assessment
$391,068 CAD (2025)
Total Assessment
$1,204,866 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
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8925 Broadway
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