2625 Chariton St
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2625 Chariton St
4 Unit Apartment Building $3,220,312 CAD ($805,078 CAD/Unit) 4.48% Cap Rate Los Angeles, CA 90034
Investment Highlights
- Fully remodeled 4-unit building with modern updates
- RTI Plans for 2 additional units
- Large open space can be utilized in so many ways-see site plan in docs
- Value-Add Opportunity
Executive Summary
Value-Add Opportunity! Renovated Four-Unit Property with RTI's for Two Additional Units!
This beautifully renovated four-unit property offers a rare chance to own a prime piece of real estate with Ready-to-Issue (RTI) permits for two additional units. Each of the existing four units features 2 bedrooms and 1 bath, and has undergone an extensive overhaul, including:
* New plumbing and electrical systems
* State-of-the-art heating and A/C
* Tankless water heaters
* New doors, windows, and flooring
Every unit is equipped with in-unit washer and dryer, dishwasher, stove, oven, microwave, and refrigerator. The property also includes off-street parking and separately metered gas and electricity for each unit.
The approved plans are for two additional units at the rear of the property: one 1-bedroom, 1-bath unit and one 2-bedroom, 1-bath unit, offering excellent value-add potential. Current rents already deliver strong returns, and with one vacant unit, there’s an opportunity for owner occupancy or increased rental income.
Future Development Options:
1. Remove the Existing Garage: Option to open up area for additional parking spaces
2. Modify Plans for Grade-Level Parking Underneath New Construction: Build the additional units above, with parking underneath to optimize space.
3. Leave As Is: The new owner has the flexibility to build the two units when ready.
The large, underutilized space behind the existing garage provides an incredible opportunity to increase the property's value. With these options, the property offers both immediate and future returns.
For more information or to schedule a viewing, please contact:?Jill Fischer: 818-231-9207?Jeffrey Politz: 310-850-1500
This beautifully renovated four-unit property offers a rare chance to own a prime piece of real estate with Ready-to-Issue (RTI) permits for two additional units. Each of the existing four units features 2 bedrooms and 1 bath, and has undergone an extensive overhaul, including:
* New plumbing and electrical systems
* State-of-the-art heating and A/C
* Tankless water heaters
* New doors, windows, and flooring
Every unit is equipped with in-unit washer and dryer, dishwasher, stove, oven, microwave, and refrigerator. The property also includes off-street parking and separately metered gas and electricity for each unit.
The approved plans are for two additional units at the rear of the property: one 1-bedroom, 1-bath unit and one 2-bedroom, 1-bath unit, offering excellent value-add potential. Current rents already deliver strong returns, and with one vacant unit, there’s an opportunity for owner occupancy or increased rental income.
Future Development Options:
1. Remove the Existing Garage: Option to open up area for additional parking spaces
2. Modify Plans for Grade-Level Parking Underneath New Construction: Build the additional units above, with parking underneath to optimize space.
3. Leave As Is: The new owner has the flexibility to build the two units when ready.
The large, underutilized space behind the existing garage provides an incredible opportunity to increase the property's value. With these options, the property offers both immediate and future returns.
For more information or to schedule a viewing, please contact:?Jill Fischer: 818-231-9207?Jeffrey Politz: 310-850-1500
Data Room Click Here to Access
Financial Summary (Actual - 2023) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$197,512
|
$57.22
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$197,512
|
$57.22
|
| Taxes |
$40,361
|
$11.69
|
| Operating Expenses |
$10,150
|
$2.94
|
| Total Expenses |
$50,512
|
$14.63
|
| Net Operating Income |
$147,001
|
$42.58
|
Financial Summary (Actual - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $197,512 |
| Annual Per SF | $57.22 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $197,512 |
| Annual Per SF | $57.22 |
| Taxes (CAD) | |
|---|---|
| Annual | $40,361 |
| Annual Per SF | $11.69 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $10,150 |
| Annual Per SF | $2.94 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $50,512 |
| Annual Per SF | $14.63 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $147,001 |
| Annual Per SF | $42.58 |
Property Facts
| Price | $3,220,312 CAD | Apartment Style | Low Rise |
| Price Per Unit | $805,078 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 4.48% | Building Size | 3,452 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1947/2023 |
| Property Subtype | Apartment | Parking Ratio | 1.16/1,000 SF |
| Price | $3,220,312 CAD |
| Price Per Unit | $805,078 CAD |
| Sale Type | Investment |
| Cap Rate | 4.48% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 0.17 AC |
| Building Size | 3,452 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1947/2023 |
| Parking Ratio | 1.16/1,000 SF |
Unit Amenities
- Air Conditioning
- Dishwasher
- Washer/Dryer
- Refrigerator
- Oven
- Vinyl Flooring
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | $4,294 CAD | 863 |
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Walk Score ®
Very Walkable (88)
Bike Score ®
Very Bikeable (79)
PROPERTY TAXES
| Parcel Number | 5065-010-025 | Total Assessment | $2,168,599 CAD (2024) |
| Land Assessment | $1,474,736 CAD (2024) | Annual Taxes | $40,361 CAD ($11.69 CAD/SF) |
| Improvements Assessment | $693,863 CAD (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
5065-010-025
Land Assessment
$1,474,736 CAD (2024)
Improvements Assessment
$693,863 CAD (2024)
Total Assessment
$2,168,599 CAD (2024)
Annual Taxes
$40,361 CAD ($11.69 CAD/SF)
Tax Year
2023
zoning
| Zoning Code | LAR3 |
| LAR3 |
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2625 Chariton St
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