823 Gower St
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823 Gower St
25 Unit Apartment Building $4,200,000 ($168,000/Unit) 5.45% Cap Rate Los Angeles, CA 90038
Investment Highlights
- *Across from Paramount Studios!*
- **Off-Street Parking Available in Rear.**
- ****Please See Attached Marketing Packet for More Details.****
- ***Four (4) Units Delivered Vacant.***
- ***Separately Metered for Gas and for Electric.***
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$395,791
|
$23.82
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$7,916
|
$0.48
|
| Effective Gross Income |
$387,875
|
$23.35
|
| Taxes |
$52,500
|
$3.16
|
| Operating Expenses |
$106,457
|
$6.41
|
| Total Expenses |
$158,957
|
$9.57
|
| Net Operating Income |
$228,918
|
$13.78
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $395,791 |
| Annual Per SF | $23.82 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $7,916 |
| Annual Per SF | $0.48 |
| Effective Gross Income | |
|---|---|
| Annual | $387,875 |
| Annual Per SF | $23.35 |
| Taxes | |
|---|---|
| Annual | $52,500 |
| Annual Per SF | $3.16 |
| Operating Expenses | |
|---|---|
| Annual | $106,457 |
| Annual Per SF | $6.41 |
| Total Expenses | |
|---|---|
| Annual | $158,957 |
| Annual Per SF | $9.57 |
| Net Operating Income | |
|---|---|
| Annual | $228,918 |
| Annual Per SF | $13.78 |
Property Facts
| Price | $4,200,000 | Building Class | C |
| Price Per Unit | $168,000 | Lot Size | 0.30 AC |
| Sale Type | Investment | Building Size | 16,614 SF |
| Cap Rate | 5.45% | Average Occupancy | 100% |
| Gross Rent Multiplier | 10.61 | No. Stories | 2 |
| No. Units | 25 | Year Built | 1929 |
| Property Type | Multifamily | Parking Ratio | 0.99/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low Rise |
| Price | $4,200,000 |
| Price Per Unit | $168,000 |
| Sale Type | Investment |
| Cap Rate | 5.45% |
| Gross Rent Multiplier | 10.61 |
| No. Units | 25 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.30 AC |
| Building Size | 16,614 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1929 |
| Parking Ratio | 0.99/1,000 SF |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 22 | $1,214 | 450 |
| 1+1 | 2 | $1,469 | 550 |
| 1+2 | 1 | $2,300 | 650 |
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Walk Score ®
Very Walkable (87)
Bike Score ®
Very Bikeable (76)
PROPERTY TAXES
| Parcel Number | 5534-031-001 | Total Assessment | $1,171,423 (2024) |
| Land Assessment | $402,179 (2024) | Annual Taxes | $52,500 ($3.16/SF) |
| Improvements Assessment | $769,244 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
5534-031-001
Land Assessment
$402,179 (2024)
Improvements Assessment
$769,244 (2024)
Total Assessment
$1,171,423 (2024)
Annual Taxes
$52,500 ($3.16/SF)
Tax Year
2023
zoning
| Zoning Code | LAR3 (R3-1XL, similar to R-3 Zoning, with conditions.) |
| LAR3 (R3-1XL, similar to R-3 Zoning, with conditions.) |
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Aegis Management
823 Gower St
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