We are proud to present 5503 Thornburn St, a 3-unit apartment community located in the Westchester neighborhood. The building consists of (2) two-bedroom units and (1) one-bedroom unit, with garage parking provided for all units. Situated on an approximately 7,235 SF LAR3-zoned lot, the building totals about 2,726 SF and… Read More is ideally positioned for a value-add investor seeking strong in-place income with long-term redevelopment potential. The property is currently 100% occupied with below-market rents, offering a new owner the opportunity to renovate units, increase rents, or pursue a ground-up development. Centrally located in Westchester, the property benefits from proximity to major employment and lifestyle hubs including Playa Vista, SoFi Stadium, LAX, El Segundo, and Culver City, making it a prime location for sustained rental demand and future growth. Contact the listing broker for additional information. Read Less
Property listed by Kidder Mathews of California, Inc., Casey Lins 858-369-3010
Listing Snapshot
Days Online
1
Last Updated
Property Type
Other
Beds
5
Square Ft.
2,726
Lot Size
0.17 Acres
Year Built
1952
MLS Number
25608899
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 1952, Building area total: 2,726, Levels: One, Living area: 2726, 1 story, 2 buildings, Architectural style: , Attached, Common walls: OneCommonWall
Garage
3 spaces
Income
Gross income: $46,800, Net operating income: $21,960
Lot
0.1661 acres, 7,235 square feet, Size: 7,235
Parking
3 totals parking, Garage
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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