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 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.
Listing courtesy of Listing Agent: William James (will@lyonstahl.com) from Listing Office: Lyon Stahl Investment Real Estate, Inc..
Listing sold by William James from Lyon Stahl Investment Real Estate, Inc.
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.