5401 Thornburn St | Los Angeles, CA 90045
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- LoopNet Team
5401 Thornburn St
Los Angeles, CA 90045
Westchester Development Opportunity · Multifamily Property For Sale
·
8 Units
Investment Highlights
- ED-1 Eligible: Eligible projects receive expedited processing, clearances, and approvals through the ED1 Ministerial Approval Process.
- Expansive Corner Lot situated near Loyola Marymount University, LAX, Otis School of Design, Playa Vista, Venice, Playa Del Rey, and Culver City
- Tier 7 Small Area Fair Market Rents: Currently $2,850 for one-bedroom units, and $3,590 for two-bedroom units.
- 6 of 8 units currently occupied with majority achieving near market rent
Property Facts
| No. Units | 8 | Lot Size | 0.31 AC |
| Property Type | Multifamily | Building Size | 6,440 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Building Class | C | Year Built | 1949 |
| Zoning | LAR3 - restricted Density Multiple Dwelling | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.31 AC |
| Building Size | 6,440 SF |
| No. Stories | 2 |
| Year Built | 1949 |
| Zoning | LAR3 - restricted Density Multiple Dwelling |
Property Taxes
| Parcel Number | 4103-021-034 | Improvements Assessment | $341,320 |
| Land Assessment | $480,737 | Total Assessment | $822,057 |
Property Taxes
Parcel Number
4103-021-034
Land Assessment
$480,737
Improvements Assessment
$341,320
Total Assessment
$822,057
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