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933 New Depot St 2 Unit Apartment Building $784,924 CAD ($392,462 CAD/Unit) 7.16% Cap Rate Los Angeles, CA 90012

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Investment Highlights

High-Yield Opportunity: Projected 7.16% Cap Rate with strong cash flow potential.
Low Operating Expenses: Low $210/mo HOA covers water, sewer, and trash; separate meters for gas/electric.

Turnkey Multifamily: Two fully remodeled 2BR/1BA units with modern finishes and DTLA views.

Executive Summary

Rare high-yield duplex opportunity in Victor Heights. Currently delivering a 7.16% Cap Rate at the asking price—well above the market average for the area. Both units are turnkey and tastefully remodeled with modern finishes. Low HOA dues ($210/mo) include water/trash, significantly lowering owner overhead. Subject to LA RSO. Contact Hooman Morvarid at Compass for a full rent roll and P&L statement.

Prelim Package

Property Facts

Price	$784,924 CAD	Apartment Style	Townhome
Price Per Unit	$392,462 CAD	Building Class	C
Sale Type	Investment	Lot Size	1.22 AC
Cap Rate	7.16%	Building Size	1,732 SF
Gross Rent Multiplier	10.47	Average Occupancy	100%
No. Units	2	No. Stories	2
Property Type	Multifamily	Year Built	1976
Property Subtype	Apartment Multifamily Dormitory	Parking Ratio	1.15/1,000 SF
Zoning	LAR4 - Multiple Family Residential. This zone allows for high-density residential, which validates the long-term land value for an investor.

Price	$784,924 CAD
Price Per Unit	$392,462 CAD
Sale Type	Investment
Cap Rate	7.16%
Gross Rent Multiplier	10.47
No. Units	2
Property Type	Multifamily
Property Subtype	Apartment Multifamily Dormitory
Apartment Style	Townhome
Building Class	C
Lot Size	1.22 AC
Building Size	1,732 SF
Average Occupancy	100%
No. Stories	2
Year Built	1976
Parking Ratio	1.15/1,000 SF
Zoning	LAR4 - Multiple Family Residential. This zone allows for high-density residential, which validates the long-term land value for an investor.

Smoke Detector

Unit Amenities

Air Conditioning
Balcony
Dishwasher
Disposal

Washer/Dryer
Heating
Eat-in Kitchen
Kitchen

Granite Countertops
Refrigerator
Oven
Range

Views
Breakfast Nook
Family Room
Window Coverings

Site Amenities

Controlled Access
Laundry Facilities

Property Manager on Site

Individual Leases Available

Smoke Detector

About 933 NEW DEPOT ST , LOS ANGELES, CA 90012

High-Yield Turnkey Duplex in Victor Heights | 7.16% Cap Rate Exceptional investment or owner-user opportunity in the "hidden gem" pocket of Victor Heights, perfectly positioned between Echo Park and Downtown Los Angeles. This rare stacked duplex (Units 6 & 7) within a secure gated community offers a powerful 7.16% projected Cap Rate at the asking price. Both residences have been tastefully remodeled with a modern minimalist aesthetic. Each 2-bedroom, 1-bathroom unit features open-concept living, granite countertops, custom cabinetry, and high-quality laminate flooring. Unit 6 boasts a private balcony with jaw-dropping views of the iconic Downtown LA skyline. Investor Highlights: • Independence: Separate gas and electric meters, plus individual gas water heaters. • Low Overhead: HOA dues of only $210/month include Water, Sewer, and Trash. • Amenities: Gated subterranean parking with 2 assigned spaces and shared laundry facilities. • Location: Walk Score of 86; minutes from Echo Park Lake, Dodger Stadium, and Grand Ave Arts. • Stability: Subject to LA Rent Stabilization (RSO) in a high-demand rental market. Delivered turnkey and ready for immediate cash flow. This is the ideal asset for a savvy investor or a buyer looking to live in one and have the other pay the mortgage.