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Westlake Value Add Multi-Family For Sale 2 Multifamily Properties Offered at $2,907,450 CAD in Los Angeles, CA
INVESTMENT HIGHLIGHTS
- Two Adjacent Apartment Buildings: 4 Units + 6 Units
- Combined Projected $85,693 NOI with One Vacant Unit — 4.08% Cap Rate
- Zoned LA R5(CW)-U/6
- Investor or Developer Opportunity
- One Block North of 8th Street — Just ½-Mile From LA LIVE
EXECUTIVE SUMMARY
Two Westlake multi-family properties for sale. Value add investment opportunity. Adjacent 6-unit and 4-unit apartment buildings. Total of 10,743± SF of buildings on 12,484± SF of land. Must be purchased together. Combined projected $85,693 net annual income with one vacant unit — 4.08% cap rate. Great Westlake location one block north of 8th Street between Columbia Ave and Hartford Ave. Situated approximately one-half mile north of LA LIVE and Crypto.com Arena. Just minutes west of Downtown Los Angeles. Future development potential ($168.22 per SF land value).
TAXES & OPERATING EXPENSES (ACTUAL - 2024) |
ANNUAL (CAD) |
|---|---|
| Gross Rental Income |
$185,344
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$185,344
|
| Taxes |
$36,343
|
| Operating Expenses |
$30,359
|
| Total Expenses |
$66,702
|
| Net Operating Income |
$118,642
|
TAXES & OPERATING EXPENSES (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $185,344 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $185,344 |
| Taxes (CAD) | |
|---|---|
| Annual | $36,343 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $30,359 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $66,702 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $118,642 |
PROPERTY FACTS
| Price | $2,907,450 CAD | Number of Properties | 2 |
| Price / SF | $270.81 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 4.08% | Total Building Size | 10,736 SF |
| Sale Type | Investment or Owner User | Total Land Area | 0.29 AC |
| Status | Active |
| Price | $2,907,450 CAD |
| Price / SF | $270.81 CAD / SF |
| Cap Rate | 4.08% |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 10,736 SF |
| Total Land Area | 0.29 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 1306-1310 Linwood Ave, Los Angeles, CA 90017 | Multifamily | 6,240 SF | 1900 | - |
| 1312,1312 1/2 Linwood Ave, Los Angeles, CA 90017 | Multifamily | 4,496 SF | 1921 | - |
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Westlake Value Add Multi-Family For Sale
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