La Rhonda Apartments | 7621 Washington Ave
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La Rhonda Apartments 7621 Washington Ave
8 Unit Apartment Building $3,085,830 CAD ($385,729 CAD/Unit) 5.25% Cap Rate Whittier, CA 90602
Executive Summary
Well located North Whittier apartment complex. Only two owners over the last 50 years. Property features include pitched roof, separate electric and gas meters, two car parking for each unit, close to Uptown and transportation. Well maintained property, stable tenant profile. Several units have been updated.
Financial Summary (Actual - 2023) 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 - 2023) 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 | $3,085,830 CAD | Apartment Style | Low Rise |
| Price Per Unit | $385,729 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 5.25% | Building Size | 13,076 SF |
| Sale Conditions | 1031 Exchange | Average Occupancy | 100% |
| Gross Rent Multiplier | 12.67 | No. Stories | 2 |
| No. Units | 8 | Year Built | 1957 |
| Property Type | Multifamily | Parking Ratio | 0.19/1,000 SF |
| Property Subtype | Apartment |
| Price | $3,085,830 CAD |
| Price Per Unit | $385,729 CAD |
| Sale Type | Investment |
| Cap Rate | 5.25% |
| Sale Conditions | 1031 Exchange |
| Gross Rent Multiplier | 12.67 |
| 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 | $2,984,108 CAD (2024) |
| Land Assessment | $2,088,876 CAD (2024) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $895,232 CAD (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
8141-011-006
Land Assessment
$2,088,876 CAD (2024)
Improvements Assessment
$895,232 CAD (2024)
Total Assessment
$2,984,108 CAD (2024)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2023
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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