We’re excited to share the successful closing of 5232 Westhaven Street, a 6-unit apartment building located just south of West Adams Boulevard. This is a great pocket of Los Angeles that continues to see a lot of growth and interest from both owners and investors.
The property was built in 1953 and has (6) one-bed/one-bath units totaling about 3,984 square feet on a corner lot. It has gated parking in the back with a mix of tandem and individual spaces, and the classic mid-century style you see throughout this area.
The building currently brings in around $54,960 in gross income with over 100% rental upside, making it a solid value-add opportunity. At the asking price, the deal penciled out to $133,333 per unit and $200 per square foot, which is becoming harder to find in a centrally located neighborhood like West Adams.
Once we brought the property to market, we were able to generate multiple offers. The buyer who ultimately got the deal wrote a fully non-contingent offer at list price and closed in 30 days, which made for a smooth and straightforward transaction for our client.
The location is tough to beat, close to the West Adams corridor, Culver City, the Westside, DTLA, and a growing list of restaurants and amenities. The property is under the Los Angeles RSO, but still leaves room for upside through renovations and long-term rent growth.
We offer complimentary multifamily evaluations for owners across Los Angeles County. Whether you're thinking about selling, planning a 1031 exchange, or just want to get a sense of today’s value, we're happy to assist.
Our team is one of the top multifamily groups in Los Angeles, and we focus exclusively on apartment buildings — from West LA to South LA, the Westside, Mid-City, and beyond.
Feel free to reach to us at thejamesgroup@lyonstahl.com to discuss.
Will JamesWill James is a First Vice President at Lyon Stahl Investment Real Estate, one of Southern California’s premier investment brokerage firms specializing in multifamily and commercial sales. Since entering the industry in 2004, Will has established himself as a trusted advisor in the Los Angeles and surrounding sub-markets, successfully closing more than $250 million in transactions.
As co-founder of The James Group at Lyon Stahl alongside his brother, Peter James, Will has built a team recognized for its expertise in multifamily investments as well as guiding clients through 1031 exchanges into diverse product types, including additional multifamily assets, single-tenant NNN properties, and Delaware Statutory Trust (DST) investments. His investor-first approach and market knowledge have made him a consistent resource for both private clients and seasoned operators seeking long-term wealth-building strategies.
Will’s business philosophy is grounded in honesty, ethics, and lasting client relationships. He prioritizes his clients’ interests above all else, a commitment that has earned him repeat business and multi-generational client partnerships. In addition to his transactional success, Will has managed and mentored a team of associates, taking pride in leadership that helps others grow professionally within Lyon Stahl. Will graduated from the University of Michigan in 2003. Today, he remains deeply committed to serving clients with integrity while expanding The James Group’s reputation as a leader in Los Angeles multifamily investment sales.
