5462 Alvern Circle Los Angeles, CA 90045
6-Unit Multifamily in Westchester
SOLD: $1,250,000 CAP RATE: 6.18% GRM: 9.82 PRICE PER SQUARE FOOT: $332
We are pleased to announce the successful sale of 5462 Alvern Circle, a six unit multifamily property located in the heart of prime Westchester, one of Los Angeles’ most stable and supply constrained rental submarkets. The property benefits from a highly central location just minutes from Silicon Beach, LAX, Playa Vista, and Loyola Marymount University, which continues to drive strong and consistent tenant demand from major employment, education, and transportation hubs.
The asset consists of five one bedroom one bath units and one two bedroom one bath unit, totaling 3,765 square feet. The property offered a compelling investment profile with durable in place cash flow and approximately 23% rental upside, providing a clear path for enhanced cash flow and long term appreciation in a neighborhood where quality multifamily inventory remains limited.
The transaction successfully closed in just 14 days at a sale price of $1,250,000, achieving a 6.18% cap rate, 9.82 GRM, and $332 per square foot. The expedited timeline and pricing achieved underscore the depth of investor demand for well located value add multifamily assets in Westchester and highlight The Saghian Group’s ability to execute efficiently and maximize value for ownership.
Investment Highlights
Closed in 14 days at a sale price of $1,250,000, achieving a 6.18% cap rate, 9.82 GRM, and $332 per square foot
Six unit multifamily property totaling 3,765 square feet with a desirable unit mix of five one bedroom one bath units and one two bedroom one bath unit
Approximately 23% rental upside with strong in place cash flow, located in the highly sought after and supply constrained Westchester submarket
Buyer and seller represented by David Saghian
Exclusively Listed & Sold By:
David Saghian
(310) 401-1559
dsaghian@lyonstahl.com