4316 Winchester Avenue Los Angeles, CA
$ 1,650,000
Property Attributes
  • MLS#RS21220271
  • TypeCommercial
  • CityLos Angeles
  • Zip90032
  • StyleMulti Family
  • Price$ 1,650,000
  • Bedrooms60
  • Full Bathrooms60
  • Half Bathrooms0
  • Sqr Footage4752
  • Lot Size3,533 SqFt
Listing Provided Courtesy Of:
David Lu with Elim Realty Inc - 562-402-6106
Data Source:
California Regional MLS (CRMLS)
Property Description

Wonderful Income Property!! Great opportunity for investors looking for a long-term hold in a great, up, and coming area only minutes to Downtown L.A.. Adjacent to Alhambra and South Pasadena. There are 6 units in this apartment building. This property features 4 spacious two bedrooms with 2 full bathrooms, and 2 one bedrooms with 1 full bathroom. This complex also includes laundry facilities, security gate and 12 parking spaces. sold as is!! The current rent is only $1.46 per Sqft. Based on our research, the $1.46 per Sqft rent is much lower than the average rent per Sqft. The average rent per Sqft at the postal code 90032 should be $2.52. Therefore, the new owner has a good change to increase a lot of rent. Currently, the cap rate is 3.53% with $1,650,000 purchase price. If the new owner can increase the rent to $2.52 per sqft, the cap rate will be around 6.06%

Price History
10/7/2021 Listed $1,680,000
12/15/2021 2% - $1,650,000

General Features

Listing Agent David Lu - BRE#01702960
Listing Agent State License 01702960
Lot Size Square Feet 3533
MLS Area 699 - Not Defined
Property Sub Type Additional Multi Family
Property SubType Multi Family
Property Type Commercial Sale
Special Listing Conditions Standard
Status Active
Terms Cash, Cash to New Loan
Total Units 6
Water Sewer Expense 7787

Interior Features

Laundry Features Common Area

Exterior Features

Lot Features 6-10 Units/Acre
Lot Size Acres 0.08
Lot Size Area 3533
Lot Size Source Assessor
Lot Size Units Square Feet
Number of Buildings 1
Total Parking 12
Water Source Public


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 90032

AVG $960K
AVG 31
Year Built
AVG 1973
AVG 74
Data Provided by Walkscore ® not using MLS data