10427 Odell Ave
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10427 Odell Ave
6 Unit Apartment Building $2,124,787 CAD ($354,131 CAD/Unit) 3.31% Cap Rate Sunland, CA 91040
Investment Highlights
- BELOW MARKET RENTS
- MOST UNITS WERE RENOVATED
Executive Summary
REDUCED....DPI is pleased to exclusively offer for sale 10427 Odell Ave a charming, well-maintained, pride of ownership six-unit apartment building. The property boasts a favorable unit mix of (2) x two-bedroom one-bathroom units, and (4) x one-bedroom one-bathroom units. Rents are below market and all tenants are M/M
Financial Summary (Actual - 2023) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$119,748
|
$23.10
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$119,748
|
$23.10
|
| Taxes |
$23,289
|
$4.49
|
| Operating Expenses |
$26,135
|
$5.04
|
| Total Expenses |
$49,424
|
$9.53
|
| Net Operating Income |
$70,324
|
$13.56
|
Financial Summary (Actual - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $119,748 |
| Annual Per SF | $23.10 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $119,748 |
| Annual Per SF | $23.10 |
| Taxes (CAD) | |
|---|---|
| Annual | $23,289 |
| Annual Per SF | $4.49 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $26,135 |
| Annual Per SF | $5.04 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $49,424 |
| Annual Per SF | $9.53 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $70,324 |
| Annual Per SF | $13.56 |
Property Facts Under Contract
| Price | $2,124,787 CAD | Property Subtype | Apartment |
| Price Per Unit | $354,131 CAD | Apartment Style | Low Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 3.31% | Lot Size | 0.17 AC |
| Sale Conditions | 1031 Exchange | Building Size | 5,185 SF |
| Gross Rent Multiplier | 20.7 | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1958/2010 |
| Price | $2,124,787 CAD |
| Price Per Unit | $354,131 CAD |
| Sale Type | Investment |
| Cap Rate | 3.31% |
| Sale Conditions | 1031 Exchange |
| Gross Rent Multiplier | 20.7 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 5,185 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1958/2010 |
Walk Score ®
Very Walkable (77)
PROPERTY TAXES
| Parcel Number | 2560-040-015 | Total Assessment | $1,940,455 CAD (2024) |
| Land Assessment | $1,203,384 CAD (2024) | Annual Taxes | $23,289 CAD ($4.49 CAD/SF) |
| Improvements Assessment | $737,072 CAD (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
2560-040-015
Land Assessment
$1,203,384 CAD (2024)
Improvements Assessment
$737,072 CAD (2024)
Total Assessment
$1,940,455 CAD (2024)
Annual Taxes
$23,289 CAD ($4.49 CAD/SF)
Tax Year
2023
zoning
| Zoning Code | R3 |
| R3 |
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10427 Odell Ave
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