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978 S Mariposa Ave 7 Unit Apartment Building $4,363,160 CAD ($623,309 CAD/Unit) 4.28% Cap Rate Los Angeles, CA 90006
Investment Highlights
- Located near Koreatown surrounded by numerous shopping, dining, and entertainment venues
- No rent control, room for increased rents, units consistently in demand so easy to rent out
- Complex consists of good mix of studios, one, and two bedroom units each featuring high ceilings, high end interior design and own washer/dryer
Executive Summary
Built in 2017, this 7 unit apartment complex is located near Koreatown and is surrounded by numerous shopping, dining, and entertainment venues. This complex has a good mix of studios, one bedroom, and two bedrooms units. Each unit features high ceilings, high end interior design quality, and their own washer and dryer. This apartment does not have rent control and there is room for increased rents. These units are consistently in demand so they are easy to rent out.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$267,524
|
$56.17
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$267,524
|
$56.17
|
| Taxes |
$54,539
|
$11.45
|
| Operating Expenses |
$26,125
|
$5.48
|
| Total Expenses |
$80,664
|
$16.94
|
| Net Operating Income |
$186,860
|
$39.23
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $267,524 |
| Annual Per SF | $56.17 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $267,524 |
| Annual Per SF | $56.17 |
| Taxes (CAD) | |
|---|---|
| Annual | $54,539 |
| Annual Per SF | $11.45 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $26,125 |
| Annual Per SF | $5.48 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $80,664 |
| Annual Per SF | $16.94 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $186,860 |
| Annual Per SF | $39.23 |
Property Facts
| Price | $4,363,160 CAD | Building Class | B |
| Price Per Unit | $623,309 CAD | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 4,763 SF |
| Cap Rate | 4.28% | Average Occupancy | 100% |
| Gross Rent Multiplier | 16.3 | No. Stories | 3 |
| No. Units | 7 | Year Built | 2017 |
| Property Type | Multifamily | Parking Ratio | 1.46/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | R4-1 - Multiple Dwelling | ||
| Price | $4,363,160 CAD |
| Price Per Unit | $623,309 CAD |
| Sale Type | Investment |
| Cap Rate | 4.28% |
| Gross Rent Multiplier | 16.3 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.14 AC |
| Building Size | 4,763 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2017 |
| Parking Ratio | 1.46/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R4-1 - Multiple Dwelling |
Amenities
Unit Amenities
- Washer/Dryer
- Kitchen
- Range
Site Amenities
- Fenced Lot
- Tenant Controlled HVAC
- Gated
- Gas Range
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $2,355 CAD | 750 |
| Studios | 1 | $2,424 CAD | 750 |
| Studios | 1 | $2,770 CAD | 750 |
| 1+1 | 1 | $3,182 CAD | 900 |
| 1+1 | 1 | $3,463 CAD | 900 |
| 2+1 | 1 | $4,225 CAD | 1,120 |
| 2+1 | 1 | $4,432 CAD | 1,120 |
Very walkable
80/100
Moderately drivable
70/100
Exceptional public transit
90/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5078-003-016 | Total Assessment | $5,511,360 CAD (2026) |
| Land Assessment | $3,863,944 CAD (2026) | Annual Taxes | $54,539 CAD ($11.45 CAD/SF) |
| Improvements Assessment | $1,647,417 CAD (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
5078-003-016
Land Assessment
$3,863,944 CAD (2026)
Improvements Assessment
$1,647,417 CAD (2026)
Total Assessment
$5,511,360 CAD (2026)
Annual Taxes
$54,539 CAD ($11.45 CAD/SF)
Tax Year
2025
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Presented by
Thomas Iping Lo, Broker
978 S Mariposa Ave
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