5202 Knowlton Street Los Angeles, CA 90045
6-Unit New Value-Add in Westchester
LIST PRICE: $1,625,000 CAP RATE: 5.36% GRM: 11.23 PRICE PER SQUARE FOOT: $365
The Saghian Group is pleased to present 5202 Knowlton Street, a rare opportunity to acquire a well-located six-unit multifamily asset in the highly desirable Westchester neighborhood of Los Angeles.
Offered at $1,625,000, the property delivers an attractive 5.36% cap rate and 11.23 GRM, making it an ideal investment for both seasoned and first-time multifamily investors seeking stable cash flow with meaningful upside potential.
Built in 1951, the property consists of 4,456 square feet of improvements and features a desirable unit mix of four two-bedroom, one-bath units and two one-bedroom, one-bath units. The asset will be delivered with two vacant units, providing immediate upside through renovation and lease-up at market rents.
The property offers approximately 22% upside in rental income, allowing a new owner to significantly increase cash flow through strategic unit renovations and operational improvements.
Positioned in prime Westchester, the asset benefits from close proximity to major employment hubs including LAX, Playa Vista, and Silicon Beach, along with convenient access to shopping, dining, and key transportation corridors.
Priced at $270,833 per unit and $365 per square foot, 5202 Knowlton Street represents compelling value relative to comparable sales, with a clear path to enhanced returns through interior upgrades and improved management.
Investment Highlights
Attractive In-Place Returns 5.36% Cap Rate and 11.23 GRM offering solid day-one cash flow
22% Rental Upside Significant opportunity to increase income through interior renovations and market rent adjustments
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 $270,833 per unit and $365 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