Property Description

7119 Kittyhawk Ave is a well maintained 5-Unit situated in the residential neighborhood of Westchester. The property boasts (2) 2-bed/1-bath units and (3) 1-Bed/1-Bath Units with a detached 5-Car Garage on the premises that offers back alley access. The building consists of 4,174 RSF of living space priced at $407/SF and only $340,000 per unit. There is potential for 25% rental upside with the current cap rate of 3.59% and a market cap rate of 5.57%. The property is in a desirable position with close proximity to LAX, Howard Hughes Shopping Center, Playa Del Rey Beach, and the Loyola Marymount University Campus. With its great location, sizeable living space, and potential upside, 7119 Kittyhawk Ave is an excellent investment opportunity for any Los Angeles CRE Investor or exchange buyer.