4401-4403 Westdale Ave - Apartments FOR SALE


Los Angeles, CA 90041- Eagle Rock
$995,000 USD
213-233-4379
4401-4403 Westdale Ave, Los Angeles, CA for Sale
$995,000 USD
Apartments - FOR SALE
1/23
null | 6.08% Cap Rate

4401-4403 Westdale Ave
Los Angeles, CA 90041
Eagle Rock


HIGHLIGHTS

  • Eric Dilanian & The Dilanian Real Estate Advisors are pleased to present 5 Units in Prime Eagle Rock, 100% Single-Story, Situated on ± 15,360 SF Land
  • Priced Attractively at 10.60 GRM on Day 1 Current Numbers and a 6.08% Cap Rate with meaningful upside and multiple exit strategies
  • Building Specs: Built in 1947 with ± 2,947 SF of Building & Zoned RD2
  • Unit Mix: Boasting an Excellent Unit Mix of 4 (1 Bed & 1 Bath Units) and 1 (3 Bed & 1 Bath Unit) with it's own Garage and Backyard
  • Walk Score: 89! Walker's Paradise | Allowing residents to enjoy a highly walkable lifestyle with most daily errands accomplished on foot
  • Close proximity to Occidental College, Capri Club, Creature’s Plants & Coffee, Sprouts, Walt’s Bar, Zweet Café, and are minutes from Starbucks....

OVERVIEW

Eric Dilanian with The Dilanian Real Estate Advisors, as part of RE/MAX Commercial & Investment Realty, is proud to present a rare 5-unit investment opportunity situated on an expansive ±15,360 SF lot in Eagle Rock—one of Los Angeles’ most sought-after and supply-constrained submarkets. Located at 4401–4403 Westdale Avenue, the property is comprised of a four-unit single-story structure featuring one-bedroom/one-bathroom units, along with a detached three-bedroom/one-bathroom single-family residence complete with its own private backyard and covered garage. All five units are single-story, a highly desirable configuration rarely found in Eagle Rock. The property spans ±2,947 SF of improvements on a large RD2-1 zoned parcel, presenting exceptional upside potential. The expansive lot and favorable zoning make the asset well-positioned for multiple detached ADUs under SB 1211, a potential TIC conversion and re-sale strategy or future small lot sub-development (buyer to verify feasibility). Built in 1947, the property is strategically located just one block from Eagle Rock Boulevard, tucked away on a quiet residential street while remaining at the epicenter of Eagle Rock’s vibrant retail and dining corridor. The location boasts a Walk Score of 89, allowing residents to enjoy a highly walkable lifestyle with most daily errands accomplished on foot. Residents are in close proximity to Occidental College and neighborhood favorites including Capri Club, Creature’s Plants & Coffee, Sprouts, Walt’s Bar, and Zweet Café, and are minutes from Starbucks, Little Beast, Cindy’s, Cacao, Dunsmoor, Bub’s & Grandma’s, and The Grant. This is a compelling opportunity for investors seeking long-term appreciation, flexible exit strategies, and meaningful value-add potential in one of Northeast Los Angeles’ most coveted rental markets. **DISCLOSURE:** Buyers are advised to conduct independent thorough due diligence, including but not limited to verification of building square footage, unit count, lot size, legal bedroom/bathroom count, parking count, unit mix, year built, zoning & any Q Conditions, market rents, soft-story compliance, and the feasibility of constructing ADUs, additional units, and/or development feasibly. **DO NOT DISTURB TENANTS OR WALK ON PROPERTY - DRIVE BY ONLY **

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$338 USD /SF

# OF UNITS

5

PRICE/UNIT

$199,000

CAP RATE

6.08%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

5 Single Story Units on over ± 15K SF of Land

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1947

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,360 SF

ZONING

LARD2

APN/PARCEL ID

5473-040-018

ASK ABOUT THIS PROPERTY

Eric DilanianRE/MAX Commercial & Investment RealtyMore Info
213-233-4379

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Eric DilanianRE/MAX Commercial & Investment RealtyMore Info
213-233-4379

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.