La Rhonda Apartments | 7621 Washington Ave
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La Rhonda Apartments 7621 Washington Ave
8 Unit Apartment Building $3,501,151 CAD ($437,644 CAD/Unit) 4.35% Cap Rate Whittier, CA 90602
Investment Highlights
- Excellent North Whittier Location
- Individually metered for gas and electricity
- Stable longer term tenants
- Ample carport and tandem parking
Executive Summary
Well located North Whittier property. Only two owners over the last 40 years. All units are separately metered for as and electricity. Pitched roofs, ample car port parking. Stable longer term tenants. Several units have been updated. Below market 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 |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $3,501,151 CAD | Apartment Style | Low Rise |
| Price Per Unit | $437,644 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 4.35% | Building Size | 13,076 SF |
| Gross Rent Multiplier | 14.55 | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1957 |
| Property Subtype | Apartment | Parking Ratio | 0.19/1,000 SF |
| Price | $3,501,151 CAD |
| Price Per Unit | $437,644 CAD |
| Sale Type | Investment |
| Cap Rate | 4.35% |
| Gross Rent Multiplier | 14.55 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 13,076 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1957 |
| Parking Ratio | 0.19/1,000 SF |
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Disposal
- Storage Space
- Ceiling Fans
- Double Pane Windows
Site Amenities
- Laundry Facilities
- Gas Range
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | 500 |
| 2+1 | 2 | - | 698 - 848 |
Walk Score ®
Walker's Paradise (91)
PROPERTY TAXES
| Parcel Number | 8141-011-006 | Total Assessment | $2,931,059 CAD |
| Land Assessment | $2,051,742 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $879,317 CAD | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
8141-011-006
Land Assessment
$2,051,742 CAD
Improvements Assessment
$879,317 CAD
Total Assessment
$2,931,059 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
zoning
| Zoning Code | R-3 (Check with city) |
| R-3 (Check with city) |
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La Rhonda Apartments | 7621 Washington Ave
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