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924 N Kingsley Dr 8 Unit Apartment Building $3,546,712 CAD ($443,339 CAD/Unit) 5.88% Cap Rate Los Angeles, CA 90029
Investment Highlights
- Location
- space to add laundry income, ADU, and three remaining units to turn over
- 5 updated units
Executive Summary
3.75% Assumable mortgage! This 8-unit stabilized property offers a prime opportunity to invest in a rapidly growing neighborhood. With 5 recently renovated units, an assumable loan, and potential for further expansion—including ADU (Accessory Dwelling Unit) development—this multifamily asset is a strong addition to any real estate portfolio.
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 | $3,546,712 CAD | Property Subtype | Apartment |
| Price Per Unit | $443,339 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.88% | Lot Size | 0.21 AC |
| Sale Condition | 1031 Exchange | Building Size | 6,676 SF |
| Gross Rent Multiplier | 12.31 | No. Stories | 2 |
| No. Units | 8 | Year Built | 1956 |
| Property Type | Multifamily | Parking Ratio | 1.2/1,000 SF |
| Zoning | R3, Los Angeles | ||
| Price | $3,546,712 CAD |
| Price Per Unit | $443,339 CAD |
| Sale Type | Investment |
| Cap Rate | 5.88% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 12.31 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 6,676 SF |
| No. Stories | 2 |
| Year Built | 1956 |
| Parking Ratio | 1.2/1,000 SF |
| Zoning | R3, Los Angeles |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | 760 |
| 2+1 | 4 | - | 900 |
1 1
Walk Score®
Very Walkable (86)
Property Taxes
| Parcel Number | 5537-024-020 | Total Assessment | $2,585,530 CAD (2025) |
| Land Assessment | $1,816,859 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $768,671 CAD (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
5537-024-020
Land Assessment
$1,816,859 CAD (2025)
Improvements Assessment
$768,671 CAD (2025)
Total Assessment
$2,585,530 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
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Presented by
Atlas Elm Realty
924 N Kingsley Dr
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