Log In/Sign Up
Your email has been sent.
1118 S Lake 8 Unit Apartment Building $1,230,000 ($153,750/Unit) 4.29% Cap Rate Los Angeles, CA 90006
Investment Highlights
- Low Cost Per Unit of $153,750 & $218 Per Sq. Ft.
- Street to Alley Lot- Rear Garages With ADU Potential
- Perfect Unit Mix of One and Two Bedroom Apartments
- Extremely Low Rents Provide Massive Rental Upside
Executive Summary
1118 S Lake Street is a 5,648 square foot apartment community constructed in 1956. Situated in the Westlake neighborhood of Los Angeles, the property has a combined unit mix consisting of (6) One-Bedroom/One-Bath units and (2) Two-Bedroom/One-Bath units, totaling an average of 700 square feet each.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| 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 - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,230,000 | Apartment Style | Low-Rise |
| Price Per Unit | $153,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.20 AC |
| Cap Rate | 4.29% | Building Size | 5,648 SF |
| Gross Rent Multiplier | 10.25 | No. Stories | 2 |
| No. Units | 8 | Year Built | 1956 |
| Property Type | Multifamily | Parking Ratio | 1.06/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R4-2, Los Angeles | ||
| Price | $1,230,000 |
| Price Per Unit | $153,750 |
| Sale Type | Investment |
| Cap Rate | 4.29% |
| Gross Rent Multiplier | 10.25 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 5,648 SF |
| No. Stories | 2 |
| Year Built | 1956 |
| Parking Ratio | 1.06/1,000 SF |
| Zoning | R4-2, Los Angeles |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | $1,168 | 650 |
| 2+1 | 2 | $1,475 | 850 |
1 1
Very walkable
80/100
Moderately drivable
70/100
Exceptional public transit
90/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 5136-018-004 | Total Assessment | $1,091,010 |
| Land Assessment | $612,928 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $478,082 | Tax Year | 2025 |
Property Taxes
Parcel Number
5136-018-004
Land Assessment
$612,928
Improvements Assessment
$478,082
Total Assessment
$1,091,010
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
1 of 13
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
1118 S Lake
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.