7933 Alverstone Ave 10 Unit Apartment Building $3,150,000 ($315,000/Unit) 4.45% Cap Rate Los Angeles, CA 90045

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.