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456 Solano Ave 5 Unit Apartment Building $999,000 ($199,800/Unit) 3.88% Cap Rate Los Angeles, CA 90012
Executive Summary
Excellent investment opportunity located in LA's Elysian Park in the Historic Solano Canyon neighborhood. Centrally located right in the heart of the city, on the cusp of Echo Park, and so many of the landmarks that Los Angeles offers, including Dodger Stadium, Downtown, Chinatown, the LA River, Los Angeles State Historic Park, Radio Hill Gardens, Elysian Park, along with so many walking trails, public spaces, and viewpoints... too many to list here! 1978-construction, 6-car garage parking. 3-bedroom 2-bathroom two-story unit in the front, and 4 x 2-bedroom 1-bathroom units in the rear, above the garages. Ample parking for all units, plus driveway space. Newer-style construction for the neighborhood. Pride of ownership property, with great long-term tenants and ease of management for a new owner.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$83,976
|
$16.37
|
| Other Income |
$1,040
|
$0.20
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$85,016
|
$16.57
|
| Taxes |
$12,500
|
$2.44
|
| Operating Expenses |
$32,754
|
$6.38
|
| Total Expenses |
$45,254
|
$8.82
|
| Net Operating Income |
$39,762
|
$7.75
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $83,976 |
| Annual Per SF | $16.37 |
| Other Income | |
|---|---|
| Annual | $1,040 |
| Annual Per SF | $0.20 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $85,016 |
| Annual Per SF | $16.57 |
| Taxes | |
|---|---|
| Annual | $12,500 |
| Annual Per SF | $2.44 |
| Operating Expenses | |
|---|---|
| Annual | $32,754 |
| Annual Per SF | $6.38 |
| Total Expenses | |
|---|---|
| Annual | $45,254 |
| Annual Per SF | $8.82 |
| Net Operating Income | |
|---|---|
| Annual | $39,762 |
| Annual Per SF | $7.75 |
Property Facts
| Price | $999,000 | Apartment Style | Low-Rise |
| Price Per Unit | $199,800 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 3.88% | Building Size | 5,131 SF |
| Gross Rent Multiplier | 11.75 | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1978 |
| Property Subtype | Apartment | Parking Ratio | 1.17/1,000 SF |
| Zoning | R2, Los Angeles - restricted Density Multiple Dwelling | ||
| Price | $999,000 |
| Price Per Unit | $199,800 |
| Sale Type | Investment |
| Cap Rate | 3.88% |
| Gross Rent Multiplier | 11.75 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 5,131 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1978 |
| Parking Ratio | 1.17/1,000 SF |
| Zoning | R2, Los Angeles - restricted Density Multiple Dwelling |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Oven
- Tub/Shower
- Pantry
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Public Transportation
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | - |
| 3+2 | 1 | - | - |
1 1
Moderately walkable
70/100
Exceptionally drivable
90/100
Strong public transit
80/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 5414-023-019 | Total Assessment | $1,273,448 (2026) |
| Land Assessment | $636,724 (2026) | Annual Taxes | $12,500 ($2.44/SF) |
| Improvements Assessment | $636,724 (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
5414-023-019
Land Assessment
$636,724 (2026)
Improvements Assessment
$636,724 (2026)
Total Assessment
$1,273,448 (2026)
Annual Taxes
$12,500 ($2.44/SF)
Tax Year
2025
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