• Broker Dominick Faraone 3107958567

1604 La Fayette Rd

4 Unit Apartment Building $1,856,072 CAD ($464,018 CAD/Unit) Los Angeles, CA 90019

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INVESTMENT HIGHLIGHTS

  • Charming 4-unit building in Mid City / La Fayette Square
  • Good size units with wash and dryer in each unit
  • New windows in select units
  • Centrally located next to Midtown Crossing Center
  • Brand new roof installed in 2024
  • Value-add opportunity with potential to add ADUs

EXECUTIVE SUMMARY

Charming 4-unit property in Mid City / La Fayette Square on a quite cul-de-sac. Centrally located next to Midtown Crossing Center. Good size units with washer and dryer in each unit. Several upgrades to the property over the years. Brand new roof installed in 2024. New windows installed in select units. Each unit has a similar open floorplan and full size dining rooms with built-in cabinets. Units are individually metered for utilities. Fully parked with the potential to add ADUs to increase income. Value-add opportunity with upside in rents.

FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access

ANNUAL (CAD) ANNUAL PER SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes - -
Operating Expenses - -
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

PROPERTY FACTS

Price $1,856,072 CAD
Price Per Unit $464,018 CAD
Sale Type Investment
No. Units 4
Property Type Multifamily
Property Subtype Apartment
Building Class C
Lot Size 0.11 AC
Building Size 3,012 SF
No. Stories 2
Year Built 1922

UNIT AMENITIES

  • Washer/Dryer
  • Refrigerator
  • Range
  • Walk-In Closets
  • Vinyl Flooring

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 4 - -
Walk Score®
Very Walkable (86)

PROPERTY TAXES

Parcel Number 5071-009-032 Improvements Assessment $375,598 CAD
Land Assessment $879,210 CAD Total Assessment $1,254,807 CAD

ZONING

Zoning Code LAR3

Map of 1604 La Fayette Rd Los Angeles, CA 90019

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