5202 Knowlton St 6 Unit Apartment Building $2,154,484 CAD ($359,081 CAD/Unit) 5.98% Cap Rate Los Angeles, CA 90045

5202 Knowlton Street presents a rare opportunity to acquire a well-located six-unit multifamily asset with 50% VACANCY in the highly desirable Westchester neighborhood of Los Angeles. Offered at $1,550,000, the property delivers an attractive 5.98% cap rate and 9.89 GRM, making it an ideal investment for both seasoned and first-time multifamily investors seeking stable cash flow with meaningful upside potential. Built in 1950, the property consists of 4,456 square feet of improvements and features a desirable unit mix of four two-bedroom, one-bath units and two one-bedroom, one-bath units. The building will be delivered with three vacant units, providing immediate upside through renovation and lease-up at market rents. The asset offers approximately 7% upside in rental income, allowing a new owner to significantly increase cash flow through strategic unit renovations and operational improvements. Positioned in prime Westchester, the property benefits from its proximity to major employment hubs including LAX, Playa Vista, and Silicon Beach, as well as convenient access to shopping, dining, and transportation corridors. Priced at $258,333 per unit and $348 per square foot, 5202 Knowlton Street represents a compelling value relative to comparable sales in the area, with the ability to enhance returns through interior upgrades and operational improvements.