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3 Units | 7,235sf LAR3 Land | Westchester 5503 Thornburn St 3 Unit Apartment Building $1,295,000 ($431,667/Unit) Los Angeles, CA 90045
Executive Summary
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 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.
Situated on an approximately 7,235 SF LAR3-zoned lot, the building totals about 2,726 SF and 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.
Property Facts
| Price | $1,295,000 | Building Class | C |
| Price Per Unit | $431,667 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 2,726 SF |
| Gross Rent Multiplier | 27.67 | Average Occupancy | 100% |
| No. Units | 3 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1952 |
| Property Subtype | Apartment | Parking Ratio | 1.1/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | LAR2 - 7,235 SF LAR3 Zoned Corner Lot. | ||
| Price | $1,295,000 |
| Price Per Unit | $431,667 |
| Sale Type | Investment |
| Gross Rent Multiplier | 27.67 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 2,726 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1952 |
| Parking Ratio | 1.1/1,000 SF |
| Zoning | LAR2 - 7,235 SF LAR3 Zoned Corner Lot. |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | $1,300 | - |
| 1+1 | 1 | $1,300 | - |
Walk Score®
Very Walkable (71)
Property Taxes
| Parcel Number | 4103-009-014 | Improvements Assessment | $412,739 |
| Land Assessment | $964,922 | Total Assessment | $1,377,661 |
Property Taxes
Parcel Number
4103-009-014
Land Assessment
$964,922
Improvements Assessment
$412,739
Total Assessment
$1,377,661
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3 Units | 7,235sf LAR3 Land | Westchester | 5503 Thornburn St
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