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Investment Highlights
- Well maintained Garden Style 1960's apartment complex consisting of 30 units plus an additional non-permitted Studio/Single apartment unit.
- The units are 100% occupied, with some units at below market rents, which can be increased subject to City of LA RSO Rent Stabilization Ordinance.
- Two contiguous parcels that comprise over a half acre zoned C2-R4 with ample parking for all units (30 parking spaces).
- Excellent unit mix of 55% 2 bedroom units, and the remainder being 1 bedroom units, plus an unpermitted Studio/Single unit.
Taxes & Operating Expenses (Actual - 2025) |
Annual (CAD) |
|---|---|
| Gross Rental Income |
$825,889
|
| Other Income |
$5,005
|
| Vacancy Loss |
$33,036
|
| Effective Gross Income |
$797,858
|
| Taxes |
$97,319
|
| Operating Expenses |
$162,132
|
| Total Expenses |
$259,451
|
| Net Operating Income |
$538,407
|
Taxes & Operating Expenses (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $825,889 |
| Other Income (CAD) | |
|---|---|
| Annual | $5,005 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $33,036 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $797,858 |
| Taxes (CAD) | |
|---|---|
| Annual | $97,319 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $162,132 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $259,451 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $538,407 |
Property Facts
| Price | $7,604,777 CAD | Number of Properties | 2 |
| Price / SF | $447.50 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 7.08% | Total Building Size | 16,994 SF |
| Sale Type | Investment | Total Land Area | 0.48 AC |
| Status | Under Contract |
| Price | $7,604,777 CAD |
| Price / SF | $447.50 CAD / SF |
| Cap Rate | 7.08% |
| Sale Type | Investment |
| Status | Under Contract |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 16,994 SF |
| Total Land Area | 0.48 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Rose Manor
3321-3325 W 74th St, Los Angeles, CA 90043 |
Multifamily | 8,798 SF | 1960 | - |
|
Crenshaw Capri
7324 Crenshaw Blvd, Los Angeles, CA 90043 |
Multifamily | 8,196 SF | 1961 | - |
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ROSE MANOR & CRENSHAW CAPRI
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