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4017 Gelber Pl 8 Unit Apartment Building $1,400,000 ($175,000/Unit) 5% Cap Rate Los Angeles, CA 90008
Investment Highlights
- 35% upside in rents
- Fantastic Rental Marrket Area
- Big ticket cap-ex items already completed
Executive Summary
Buyers seeking apartment financing to be prequalified/cross qualified with ALB Commercial Capital. Leonard Manriquez 562-480-7171 leo@albcommercialcapital.com
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$127,692
|
$18.22
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$3,831
|
$0.55
|
| Effective Gross Income |
$123,861
|
$17.67
|
| Taxes |
$17,500
|
$2.50
|
| Operating Expenses |
$29,459
|
$4.20
|
| Total Expenses |
$46,959
|
$6.70
|
| Net Operating Income |
$76,902
|
$10.97
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $127,692 |
| Annual Per SF | $18.22 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $3,831 |
| Annual Per SF | $0.55 |
| Effective Gross Income | |
|---|---|
| Annual | $123,861 |
| Annual Per SF | $17.67 |
| Taxes | |
|---|---|
| Annual | $17,500 |
| Annual Per SF | $2.50 |
| Operating Expenses | |
|---|---|
| Annual | $29,459 |
| Annual Per SF | $4.20 |
| Total Expenses | |
|---|---|
| Annual | $46,959 |
| Annual Per SF | $6.70 |
| Net Operating Income | |
|---|---|
| Annual | $76,902 |
| Annual Per SF | $10.97 |
Property Facts
| Price | $1,400,000 | Apartment Style | Low-Rise |
| Price Per Unit | $175,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.19 AC |
| Cap Rate | 5% | Building Size | 7,010 SF |
| Gross Rent Multiplier | 10.96 | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1956 |
| Property Subtype | Apartment | Parking Ratio | 0.86/1,000 SF |
| Zoning | LAR3 - Multiple Dwelling | ||
| Price | $1,400,000 |
| Price Per Unit | $175,000 |
| Sale Type | Investment |
| Cap Rate | 5% |
| Gross Rent Multiplier | 10.96 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 7,010 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1956 |
| Parking Ratio | 0.86/1,000 SF |
| Zoning | LAR3 - Multiple Dwelling |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | 880 |
| 1+1 | 4 | $1,332 | 840 |
Fairly walkable
50/100
Very drivable
80/100
Good public transit
60/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5030-018-004 | Total Assessment | $494,225 |
| Land Assessment | $346,566 | Annual Taxes | $17,500 ($2.50/SF) |
| Improvements Assessment | $147,659 | Tax Year | 2025 |
Property Taxes
Parcel Number
5030-018-004
Land Assessment
$346,566
Improvements Assessment
$147,659
Total Assessment
$494,225
Annual Taxes
$17,500 ($2.50/SF)
Tax Year
2025
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4017 Gelber Pl
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