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1716 Winona Avenue 1716 Winona Avenue 5 Unit Apartment Building $1,995,000 ($399,000/Unit) 6.13% Cap Rate Los Angeles, CA 90027
Investment Highlights
- Spacious 2 Bedroom Units & 3 Bedroom House
- Onsite Parking
- Opportunity for Owner-User
- Immense Value Add Potential
- Large Lot Size
Executive Summary
CBRE, Inc. is pleased to present 1716 Winona Blvd, a well-located multifamily property in the highly desirable Los Feliz neighborhood of Los Angeles. Situated between Prospect Avenue and Ambrose Avenue, with proximity to the Golden State Freeway, this property offers an excellent entry point for investors in the Los Angeles market.
These two story buildings, constructed in 1921 / 1941, features a fourplex in addition to a single-family residence on an LARD3 zoned lot. Residents benefit from a vibrant surrounding community, with immediate access to a wide array of dining, grocery, and retail options along Vermont Avenue and Hillhurst Avenue, as well as convenient access to major thoroughfares connecting to Silverlake, Hollywood, and Griffith Park. The property’s location in Los Feliz provides strong tenant demand given the neighborhood’s cultural amenities, tree-lined streets, and proximity to entertainment industry hubs.
These two story buildings, constructed in 1921 / 1941, features a fourplex in addition to a single-family residence on an LARD3 zoned lot. Residents benefit from a vibrant surrounding community, with immediate access to a wide array of dining, grocery, and retail options along Vermont Avenue and Hillhurst Avenue, as well as convenient access to major thoroughfares connecting to Silverlake, Hollywood, and Griffith Park. The property’s location in Los Feliz provides strong tenant demand given the neighborhood’s cultural amenities, tree-lined streets, and proximity to entertainment industry hubs.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $1,995,000 | Building Class | B |
| Price Per Unit | $399,000 | Lot Size | 0.24 AC |
| Sale Type | Investment | Building Size | 7,996 SF |
| Cap Rate | 6.13% | Average Occupancy | 60% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1921/1941 |
| Property Subtype | Apartment | Parking Ratio | 1.25/1,000 SF |
| Zoning | LAR3 - Multiple Dwelling | ||
| Price | $1,995,000 |
| Price Per Unit | $399,000 |
| Sale Type | Investment |
| Cap Rate | 6.13% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.24 AC |
| Building Size | 7,996 SF |
| Average Occupancy | 60% |
| No. Stories | 2 |
| Year Built/Renovated | 1921/1941 |
| Parking Ratio | 1.25/1,000 SF |
| Zoning | LAR3 - Multiple Dwelling |
Amenities
Unit Amenities
- Air Conditioning
- Storage Space
- Washer/Dryer
- Heating
- Ceiling Fans
- Kitchen
- Hardwood Floors
- Large Bedrooms
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 4 | - | 1,350 |
| 3+2 | 1 | - | 2,500 |
1 1
Very walkable
80/100
Moderately drivable
70/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5544-012-040 | Improvements Assessment | $500,000 |
| Land Assessment | $1,150,000 | Total Assessment | $1,650,000 |
Property Taxes
Parcel Number
5544-012-040
Land Assessment
$1,150,000
Improvements Assessment
$500,000
Total Assessment
$1,650,000
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1716 Winona Avenue | 1716 Winona Avenue
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