5202 Knowlton Street Los Angeles, CA 90045
6-Unit New Value-Add in Westchester
LIST PRICE: $1,550,000 CAP RATE: 5.98% GRM: 9.89 PRICE PER SQUARE FOOT: $348
5202 Knowlton Street presents a compelling opportunity to acquire a six-unit multifamily asset in the highly desirable Westchester neighborhood of Los Angeles. Offered at $1,550,000, the property generates a strong 5.98% cap rate and 9.89 GRM. The property features a desirable unit mix of four two-bedroom, one-bath units and two one-bedroom, one-bath units. It will be delivered with THREE VACANT UNITS 2 two-bedroom, one-bath units and 1 one-bedroom, one-bath unit giving a new owner the immediate opportunity to renovate and lease them at market rents. The property also includes detached garages that may offer potential for ADU conversions, subject to buyer verification. Ideally located near LAX, Playa Vista, and Silicon Beach, 5202 Knowlton Street offers strong in-place cash flow, and immediate value-add potential.
Investment Highlights
Attractive In-Place Returns 5.98% Cap Rate and 9.89 GRM offering solid day-one cash flow
3 Units Delivered Vacant
Immediate Value-Add Opportunity Delivered with two vacant units allowing for instant renovation and lease-up
Strong Unit Mix Four 2BR/1BA units and two 1BR/1BA units appealing to a wide tenant base
Prime Westchester Location Highly sought-after rental pocket near LAX, Playa Vista, and Silicon Beach employers
Attractive Basis Priced at $258,333 per unit and $348 per square foot, offering strong value relative to the market
Proximity to Major Demand Drivers Close to employment, retail, dining, and major transportation corridors
Exclusively Listed By:
David Saghian
(310) 401-1559
dsaghian@lyonstahl.com