Description

5202 Knowlton Avenue presents a rare opportunity to acquire a well-located six-unitmultifamily 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 investorsseeking stable cash flow with meaningful upside potential.Built in 1951, the property consists of 4,456 square feet of improvements and features adesirable unit mix of four two-bedroom, one-bath units and two one-bedroom, one-bathunits. The building will be delivered with two vacant units, providing immediate upsidethrough renovation and lease-up at market rents.The asset offers approximately 22% upside in rental income, allowing a new owner tosignificantly increase cash flow through strategic unit renovations and operationalimprovements.Positioned in prime Westchester, the property benefits from its proximity to majoremployment hubs including LAX, Playa Vista, and Silicon Beach, as well as convenientaccess to shopping, dining, and transportation corridors.Priced at $270,833 per unit and $365 per square foot, 5202 Knowlton Avenue representsa compelling value relative to comparable sales in the area, with the ability to enhancereturns through interior upgrades and operational improvements.