7933 Alverstone Ave - Apartments FOR SALE


Los Angeles, CA 90045- Westchester
$3,150,000 USD
424-239-5903
7933 Alverstone Ave, Los Angeles, CA for Sale
$3,150,000 USD
Apartments - FOR SALE
1/10
null | 4.45% Cap Rate

7933 Alverstone Ave
Los Angeles, CA 90045
Westchester


HIGHLIGHTS

  • • Significant Rental Upside – 36% below market rents ($1,968 current vs. $2,690 market)
  • • Attractive Pricing – $315,000 per unit | $402 per SF
  • • Market Cap Rate – 6.99% at stabilized market rents
  • • Additional Income Potential – ADU development opportunity (subject to verification)
  • • Stable Westchester Submarket – Strong rental demand near LAX and Silicon Beach

OVERVIEW

7933 Alverstone Avenue is a well-built 10-unit apartment building typical of the mid-century construction that defines Westchester. Built in 1953, this two-story property has been updated to current market standards while maintaining its classic charm. The building offers a desirable mix of six spacious 1-bedroom/1-bath units and four 2-bedroom/1-bath units. Select units feature light wood flooring, bright white walls, ceiling fans, and large windows providing abundant natural light. The updated kitchens showcase warm wood cabinetry, modern appliances including gas ranges and built-in microwaves, and clean contemporary finishes. The property sits on an oversized 14,124 SF lot with mature landscaping, a well-maintained lawn, and tropical palm trees. The large covered carport at the rear of the property provides ample parking and presents potential for future ADU development.

FOR SALE DETAILS

PRICE

$3,150,000 USD

PRICE/SF

$402 USD /SF

# OF UNITS

10

PRICE/UNIT

$315,000

CAP RATE

4.45%

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1953

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,164 SF

ZONING

LARD1.5

APN/PARCEL ID

4109-007-014

ASK ABOUT THIS PROPERTY

Steffan BraunlichBerkadiaMore Info
424-239-5903

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Steffan BraunlichBerkadiaMore Info
424-239-5903

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