Property Detail

Description

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.