7028 Alvern St
Property Description
We are pleased to present 7028 Alvern Street, a well-maintained seven-unit multifamily investment property ideally located in Westchester, one of Los Angeles' most desirable rental submarkets. This two-story building offers 5,873 SF of living area on a 7,984 SF LAR3-zoned lot and features an attractive unit mix of two (2) two-bedroom/one-bath units and five (5) one-bedroom/one-bath units. One unit will be delivered vacant at the close of escrow, providing immediate rental upside. All units are separately metered for gas and electricity. The property has been diligently maintained and upgraded with copper plumbing, updated electrical systems, a recently replaced roof, and a completed soft-story retrofit. These improvements allow a new owner to focus on capturing the significant rental upside in a high-demand area. Prime Location: Situated just south of Centinela Avenue and west of La Cienega Boulevard, 7028 Alvern Street offers tenants convenient access to major freeways, retail centers, and lifestyle amenities, including Westfield Culver City, local restaurants, LAX, SoFi Stadium, and the upcoming Intuit Dome. This is an outstanding value-add investment in a thriving rental market with strong demand and excellent long-term growth potential.Broker Details
Equity Union Real Estate (310) 754-0056
MLS ID: C124310 State License Number: 01977801
Key Property Information
| Listing Status: | Pending Sale |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,875,000 |
| No. of Units: | 7 |
| Year Built: | 1954 |
| Lot Size: | 5,873.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $267,857 |
| Property Website | Click Here |
| Number of Bedrooms: | 9 |
| Number of Bathrooms: | 7 |
ID: 3yd-CLAWCA-25623635
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Cap Rate Calculation
Step 4Final Deal Analysis
Similar Properties in the Area
65-, 67, 71 ,73 College Drive
Ventura, California
7031 Bellaire Ave
North Hollywood, CaliforniaBrokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout