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1545 Corinth Ave - 1537-1545 Corinth Avenue Apartments 26 Unit Apartment Building Offered at $5,950,000 at a 5.72% Cap Rate Los Angeles, CA 90025
Investment Highlights
- Excellent West LA Location
- Two Property Portfolio
- Renovation Upside Potential
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$536,957
|
$38.75
|
| Other Income |
$4,269
|
$0.31
|
| Vacancy Loss |
$16,237
|
$1.17
|
| Effective Gross Income |
$524,989
|
$37.88
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$184,520
|
$13.32
|
| Net Operating Income |
$340,469
|
$24.57
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $536,957 |
| Annual Per SF | $38.75 |
| Other Income | |
|---|---|
| Annual | $4,269 |
| Annual Per SF | $0.31 |
| Vacancy Loss | |
|---|---|
| Annual | $16,237 |
| Annual Per SF | $1.17 |
| Effective Gross Income | |
|---|---|
| Annual | $524,989 |
| Annual Per SF | $37.88 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $184,520 |
| Annual Per SF | $13.32 |
| Net Operating Income | |
|---|---|
| Annual | $340,469 |
| Annual Per SF | $24.57 |
Property Facts
| Price | $5,950,000 | Property Type | Multifamily |
| Price Per Unit | $228,846 | Lot Size | 0.32 AC |
| Sale Type | Investment | Building Size | 13,858 SF |
| Cap Rate | 5.72% | No. Stories | 2 |
| Gross Rent Multiplier | 10.99 | Year Built/Renovated | 1913/1953 |
| No. Units | 26 | Parking Ratio | 0.36/1,000 SF |
| Zoning | R3 | ||
| Price | $5,950,000 |
| Price Per Unit | $228,846 |
| Sale Type | Investment |
| Cap Rate | 5.72% |
| Gross Rent Multiplier | 10.99 |
| No. Units | 26 |
| Property Type | Multifamily |
| Lot Size | 0.32 AC |
| Building Size | 13,858 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1913/1953 |
| Parking Ratio | 0.36/1,000 SF |
| Zoning | R3 |
Amenities
Site Amenities
- Laundry Facilities
1 1
Very walkable
80/100
Very drivable
80/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $896,813 (2025) | |
| Land Assessment | $3,138,874 (2025) | Total Assessment | $4,035,687 (2025) |
Property Taxes
Parcel Numbers
Land Assessment
$3,138,874 (2025)
Improvements Assessment
$896,813 (2025)
Total Assessment
$4,035,687 (2025)
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1545 Corinth Ave - 1537-1545 Corinth Avenue Apartments
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