Property listed by Lyon Stahl Investment Real Estate, Inc., William James 310-425-9838
$800,000
5232 Westhaven Street a well-located 6-unit multifamily investment opportunity positioned just south of West Adams Boulevard, one of Los Angeles' most dynamic and evolving neighborhoods. Built in 1953, the property encompasses approximately 3,984 square feet of living space on a 4,800 square foot corner lot. The building features… Read More a balanced unit mix of six (6) one-bedroom, one-bathroom apartments. Parking is provided at the rear of the property, consisting of two (2) tandem and two (2) individual spaces, secured by a remote-controlled gated entrance. Additional features include a pitched roof and classic mid-century construction. The property currently generates approximately $54,960 in annual gross income and offers over 100% rental upside, providing a significant value-add opportunity for an investor. At the current asking basis of $133,333 per unit and just $200 per square foot, this asset presents an attractive entry point into one of Los Angeles' most desirable submarkets. Read Less
Listing Snapshot
Days Online
13
Last Updated
Property Type
Other
Beds
6
Square Ft.
3,984
Lot Size
0.11 Acres
Year Built
1953
MLS Number
25597001
30 Days Snapshot Of 90016
$904k
-12%
(avg) sold price
16
-11%
homes sold
99
+23%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1953, Building area total: 3,984, Levels: MultiSplit, Living area: 3984, 1 building, Architectural style: MidCenturyModern, Attached, Common walls: OneCommonWall, Construction materials: Stucco
Cooling
WallWindowUnits
Fireplaces
None
Heating
WallFurnace
Income
Gross income: $57,120, Net operating income: $27,087
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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