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8 Units In Prime Palms 6060 Cadillac Ave 8 Unit Apartment Building $1,800,000 ($225,000/Unit) 5.22% Cap Rate Los Angeles, CA 90034
Investment Highlights
- Owned by same family for the past 70 years
- All units are large 1-bed/1-bath
- Significant rental upside potential
- Fantastic Palms location steps to Kaiser Permanente
- Recent capex including new front security gate and new paint
Executive Summary
Rob Renshaw of Taksa Investment Group, part of RE/MAX Commercial & Investment Realty, is pleased to present 6060 Cadillac Avenue, an 8-unit apartment building located in the highly coveted Palms submarket on LA’s Westside. The property was built in 1954 and comprises (8) 1-bedroom, 1-bathroom units. Gross square footage of the building is 5,640, while the parcel itself covers 7,437 square feet with an R3 zoning designation. There are on-site laundry facilities and ample assigned parking at the rear of the building.
6060 Cadillac is directly across the street from the Kaiser Permanente West Los Angeles Medical Center. Tenants further have easy access to the 10 and 405 freeways via La Cienega Boulevard allowing short commutes throughout the greater LA area. 6060 Cadillac is also within walking distance of many nearby houses of worship.
This offering presents the astute investor with a fantastic opportunity to purchase a well-maintained, family-owned asset in a great Westside location at a reasonable basis with much room for growth.
6060 Cadillac is directly across the street from the Kaiser Permanente West Los Angeles Medical Center. Tenants further have easy access to the 10 and 405 freeways via La Cienega Boulevard allowing short commutes throughout the greater LA area. 6060 Cadillac is also within walking distance of many nearby houses of worship.
This offering presents the astute investor with a fantastic opportunity to purchase a well-maintained, family-owned asset in a great Westside location at a reasonable basis with much room for growth.
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 | $1,800,000 | Building Class | C |
| Price Per Unit | $225,000 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 5,640 SF |
| Cap Rate | 5.22% | Average Occupancy | 88% |
| Gross Rent Multiplier | 11.42 | No. Stories | 2 |
| No. Units | 8 | Year Built | 1954 |
| Property Type | Multifamily | Parking Ratio | 1.42/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R3 - Multiple Residential | ||
| Price | $1,800,000 |
| Price Per Unit | $225,000 |
| Sale Type | Investment |
| Cap Rate | 5.22% |
| Gross Rent Multiplier | 11.42 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 5,640 SF |
| Average Occupancy | 88% |
| No. Stories | 2 |
| Year Built | 1954 |
| Parking Ratio | 1.42/1,000 SF |
| Zoning | R3 - Multiple Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | 675 |
1 1
Very walkable
80/100
Very drivable
80/100
Strong public transit
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5066-001-008 | Total Assessment | $542,443 |
| Land Assessment | $301,360 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $241,083 | Tax Year | 2025 |
Property Taxes
Parcel Number
5066-001-008
Land Assessment
$301,360
Improvements Assessment
$241,083
Total Assessment
$542,443
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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8 Units In Prime Palms | 6060 Cadillac Ave
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