11137 Van Buren Ave
7 Unit Apartment Building $3,153,172 CAD ($450,453 CAD/Unit) 6.16% Cap Rate Los Angeles, CA 90044
INVESTMENT HIGHLIGHTS
- 3-Plex and 4-Plex on Adjacent Lots
- All Section 8 Tenants - Guaranteed Income
- Total Lot Size is 17,713 Sq.Ft. Zoned LC R320U*
- Residential and Commercial Financing Options
- Possibility to Add 7 ADUs (buyer to verify)
EXECUTIVE SUMMARY
High cash flow property - 3plex and 4plex on separate adjacent lots
PROPERTY FACTS
| Price | $3,153,172 CAD |
| Price Per Unit | $450,453 CAD |
| Sale Type | Investment |
| Cap Rate | 6.16% |
| Gross Rent Multiplier | 11.19 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.41 AC |
| Building Size | 4,032 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1921 |
| Opportunity Zone |
Yes |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 4 | $3,487 CAD | - |
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PROPERTY TAXES
| Parcel Number | 6076-019-032 | Improvements Assessment | $292,764 CAD |
| Land Assessment | $536,740 CAD | Total Assessment | $829,504 CAD |
ZONING
| Zoning Code | LCR320U* (Zoned LC R320U*) |
