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… Read More 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. Read Less
Property listed by Equity Union, Dionya Jackson 424-600-7620
Listing Snapshot
Days Online
29
Last Updated
Property Type
Other
Beds
9
Square Ft.
5,873
Lot Size
0.18 Acres
Year Built
1954
MLS Number
25587793
30 Days Snapshot Of 90045
$1.93M
+15%
(avg) sold price
17
-32%
homes sold
79
+41%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1954, Building area total: 5,873, Levels: Two, Living area: 5873, 2 stories, 1 building
Cooling
CentralAir
Garage
6 spaces
Heating
WallFurnace
Income
Gross income: $145,476, Net operating income: $88,344
Lot
0.1833 acres, 7,986 square feet, Size: 7,986
Parking
6 totals parking
Property
Zoning: LAR3
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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