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2008-2020 Strongs Dr 7 Unité Immeuble d’appartements 4 651 150 $ CAD (664 450 $ CAD/Unité) 5,92% Taux de capitalisation Venice, CA 90291
Certaines informations ont été traduites automatiquement.
Faits saillants de l'investissement
- Below-Market Assumable Debt
- Excellent In-Place Cap Rate of 5.92%
- New electrical 400-amp service
- Excellent In-Place GRM 12.1
- New Kitchens and Bathrooms in some units
- Tankless hot water heaters in most units
Résumé de l'annonce
True North CRE of Compass Commercial, as the exclusive listing agent, is pleased to present 2008 Strong's Drive, a 7-unit multifamily investment opportunity located in the highly desirable Venice Canals neighborhood of Los Angeles. Originally constructed in 1922 and thoughtfully remodeled, the property comprises approximately 4,008± square feet of rentable building area situated on two lots totaling 6,182± square-feet lot, zoned LARD1.5 and LAR3, offering long-term flexibility and investment stability in a premier coastal submarket. The property features six well-appointed one-bedroom/one-bath apartment units, plus a detached one-bedroom/one-bath single-family home. Each unit is separately metered for gas and electricity and includes its own water heater. Landlord utility costs are minimal as tenants are responsible for most of the utilities through a RUBS program.
Ideally positioned in the heart of Venice, the property benefits from one of Los Angeles' most iconic and supply-constrained coastal neighborhoods, known for its lifestyle-driven appeal, strong tenant demand, and long-term value resilience. Residents enjoy immediate proximity to Abbot Kinney Boulevard, the Venice Beach Boardwalk, and the broader Silicon Beach employment corridor, with premier dining, retail, wellness, and outdoor amenities just moments away. Major employment hubs in Santa Monica, Playa Vista, Culver City, and West Los Angeles are easily accessible, while convenient connectivity to the I-10, I-405, and Route 90 enhances mobility throughout the Westside and greater Los Angeles. This rare combination of coastal charm, walkability, and commuter accessibility supports a compelling long-term hold opportunity in one of Southern California's most sought-after investment markets.
ASSUMABLE FINANCING
The property is encumbered by an existing $2,533,000 loan bearing a fixed interest rate of 3.15% through December 1, 2028. The loan is structured with interest-only payments through January 1, 2026, after which it converts to principal and interest based on a 30-year amortization schedule at the same fixed rate, continuing through January 1, 2029. The loan is assumable, subject to lender approval, for an assumption fee equal to 1% of the loan balance. The borrower and property must satisfy the lender’s current underwriting requirements, which may necessitate a principal paydown at closing. For additional details regarding the loan assumption, please contact Loren Tirone, Haute Financial Group, at (248) 767-2607 or loren@hautefinancialgroup.com DRE #01823627.
Ideally positioned in the heart of Venice, the property benefits from one of Los Angeles' most iconic and supply-constrained coastal neighborhoods, known for its lifestyle-driven appeal, strong tenant demand, and long-term value resilience. Residents enjoy immediate proximity to Abbot Kinney Boulevard, the Venice Beach Boardwalk, and the broader Silicon Beach employment corridor, with premier dining, retail, wellness, and outdoor amenities just moments away. Major employment hubs in Santa Monica, Playa Vista, Culver City, and West Los Angeles are easily accessible, while convenient connectivity to the I-10, I-405, and Route 90 enhances mobility throughout the Westside and greater Los Angeles. This rare combination of coastal charm, walkability, and commuter accessibility supports a compelling long-term hold opportunity in one of Southern California's most sought-after investment markets.
ASSUMABLE FINANCING
The property is encumbered by an existing $2,533,000 loan bearing a fixed interest rate of 3.15% through December 1, 2028. The loan is structured with interest-only payments through January 1, 2026, after which it converts to principal and interest based on a 30-year amortization schedule at the same fixed rate, continuing through January 1, 2029. The loan is assumable, subject to lender approval, for an assumption fee equal to 1% of the loan balance. The borrower and property must satisfy the lender’s current underwriting requirements, which may necessitate a principal paydown at closing. For additional details regarding the loan assumption, please contact Loren Tirone, Haute Financial Group, at (248) 767-2607 or loren@hautefinancialgroup.com DRE #01823627.
Salle de données Cliquez ici pour accéder à
- Offering Memorandum
Bilan financier (Réel - 2025) |
Annuel (CAD) | Annuel par pi² (CAD) |
|---|---|---|
| Revenu de location brut |
385 567 $
|
96,20 $
|
| Autres revenus |
4 389 $
|
1,10 $
|
| Perte due à l’inoccupation |
11 698 $
|
2,92 $
|
| Revenu brut effectif |
378 258 $
|
94,38 $
|
| Taxes |
-
|
-
|
| Dépenses d’exploitation |
-
|
-
|
| Total des dépenses |
102 884 $
|
25,67 $
|
| Revenu net d’exploitation |
275 374 $
|
68,71 $
|
Bilan financier (Réel - 2025)
| Revenu de location brut (CAD) | |
|---|---|
| Annuel | 385 567 $ |
| Annuel par pi² | 96,20 $ |
| Autres revenus (CAD) | |
|---|---|
| Annuel | 4 389 $ |
| Annuel par pi² | 1,10 $ |
| Perte due à l’inoccupation (CAD) | |
|---|---|
| Annuel | 11 698 $ |
| Annuel par pi² | 2,92 $ |
| Revenu brut effectif (CAD) | |
|---|---|
| Annuel | 378 258 $ |
| Annuel par pi² | 94,38 $ |
| Taxes (CAD) | |
|---|---|
| Annuel | - |
| Annuel par pi² | - |
| Dépenses d’exploitation (CAD) | |
|---|---|
| Annuel | - |
| Annuel par pi² | - |
| Total des dépenses (CAD) | |
|---|---|
| Annuel | 102 884 $ |
| Annuel par pi² | 25,67 $ |
| Revenu net d’exploitation (CAD) | |
|---|---|
| Annuel | 275 374 $ |
| Annuel par pi² | 68,71 $ |
Faits sur la propriété
| Prix | 4 651 150 $ CAD | Style d’appartement | De faible hauteur |
| Prix par unité | 664 450 $ CAD | Classe d’immeuble | C |
| Type de vente | Investissement | Taille du lot | 0,14 AC |
| Taux de capitalisation | 5,92% | Taille du bâtiment | 4 008 pi² |
| Multiplicateur du loyer brut | 12.1 | Nombre d’étages | 2 |
| Nombre d’unités | 7 | Année de construction | 1922 |
| Type de propriété | Immeuble residentiel | Ratio de stationnement | 1/1 000 pi² |
| Sous-type de propriété | Appartement | ||
| Zonage | LAR3 & LAR1.5 | ||
| Prix | 4 651 150 $ CAD |
| Prix par unité | 664 450 $ CAD |
| Type de vente | Investissement |
| Taux de capitalisation | 5,92% |
| Multiplicateur du loyer brut | 12.1 |
| Nombre d’unités | 7 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | C |
| Taille du lot | 0,14 AC |
| Taille du bâtiment | 4 008 pi² |
| Nombre d’étages | 2 |
| Année de construction | 1922 |
| Ratio de stationnement | 1/1 000 pi² |
| Zonage | LAR3 & LAR1.5 |
Commodités
Commodités des unités
- Chauffage
- Cuisine
- Réfrigérateur
- Four
- Fourchette
- Bain/Douche
Commodités du site
- Accès 24 heures
- Accès contrôlé
- CVCA contrôlé par le locataire
- Collecte d'ordures - sur rue
- Transport en commun
- Détecteur de fumée
Unité renseignements sur le mélange
| Description | Nombre d’unités | Loyer moyen/mois | pi² |
|---|---|---|---|
| 1+1 | 7 | 5 190 $ CAD | - |
1 1
Moyennement praticable à pied
70/100
Moyennement facile d’accès en voiture
60/100
Bons transports en commun
70/100
Exceptionnellement praticable à vélo
90/100
Impôts fonciers
| Numéros de lot | Évaluation des bâtiments | 1 044 679 $ CAD | |
| Évaluation du terrain | 4 180 262 $ CAD | Évaluation totale | 5 224 941 $ CAD |
Impôts fonciers
Numéros de lot
Évaluation du terrain
4 180 262 $ CAD
Évaluation des bâtiments
1 044 679 $ CAD
Évaluation totale
5 224 941 $ CAD
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2008-2020 Strongs Dr
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