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942 S Burlington Ave 16 Unit Apartment Building $3,615,687 CAD ($225,980 CAD/Unit) 6.22% Cap Rate Los Angeles, CA 90006
Investment Highlights
- Subterranean Parking
- Approx 25% Rental Upside
- Separately Metered for Electricity (No gas except for boiler)
Executive Summary
This 16-unit multifamily property located in Mid-Wilshire presents an excellent investment opportunity with strong upside potential. Built in 1964, the property features a unit mix of 12 Singles and 4 One-Bedroom units.
The building is separately metered for gas and electricity and has 15 subterranean parking spaces. With approximately 25% rental upside, there is plenty of opportunity to increase long term cash flow.
Note: Currently there are two vacant units, one that is fully remodeled and the other unit has recently vacated and is an older unit.
The building is separately metered for gas and electricity and has 15 subterranean parking spaces. With approximately 25% rental upside, there is plenty of opportunity to increase long term cash flow.
Note: Currently there are two vacant units, one that is fully remodeled and the other unit has recently vacated and is an older unit.
Financial Summary (Actual - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$339,100
|
$45.12
|
| Other Income |
$20,466
|
$2.72
|
| Vacancy Loss |
$10,173
|
$1.35
|
| Effective Gross Income |
$349,393
|
$46.49
|
| Taxes |
$45,196
|
$6.01
|
| Operating Expenses |
$79,204
|
$10.54
|
| Total Expenses |
$124,400
|
$16.55
|
| Net Operating Income |
$224,993
|
$29.94
|
Financial Summary (Actual - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $339,100 |
| Annual Per SF | $45.12 |
| Other Income (CAD) | |
|---|---|
| Annual | $20,466 |
| Annual Per SF | $2.72 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $10,173 |
| Annual Per SF | $1.35 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $349,393 |
| Annual Per SF | $46.49 |
| Taxes (CAD) | |
|---|---|
| Annual | $45,196 |
| Annual Per SF | $6.01 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $79,204 |
| Annual Per SF | $10.54 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $124,400 |
| Annual Per SF | $16.55 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $224,993 |
| Annual Per SF | $29.94 |
Property Facts
| Price | $3,615,687 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $225,980 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.19 AC |
| Cap Rate | 6.22% | Building Size | 7,515 SF |
| Gross Rent Multiplier | 10 | No. Stories | 2 |
| No. Units | 16 | Year Built | 1964 |
| Property Type | Multifamily | Parking Ratio | 2/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | LAR4 | ||
| Price | $3,615,687 CAD |
| Price Per Unit | $225,980 CAD |
| Sale Type | Investment |
| Cap Rate | 6.22% |
| Gross Rent Multiplier | 10 |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 7,515 SF |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 2/1,000 SF |
| Zoning | LAR4 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 12 | $1,789 CAD | - |
| 1+1 | 4 | $1,697 CAD | - |
1 1
Walk Score®
Walker's Paradise (96)
Transit Score®
Excellent Transit (84)
Bike Score®
Very Bikeable (75)
Property Taxes
| Parcel Number | 5137-001-036 | Total Assessment | $3,064,094 CAD (2025) |
| Land Assessment | $1,821,039 CAD (2025) | Annual Taxes | $45,196 CAD ($6.01 CAD/SF) |
| Improvements Assessment | $1,243,055 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
5137-001-036
Land Assessment
$1,821,039 CAD (2025)
Improvements Assessment
$1,243,055 CAD (2025)
Total Assessment
$3,064,094 CAD (2025)
Annual Taxes
$45,196 CAD ($6.01 CAD/SF)
Tax Year
2026
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