Building Details

Building Size 4,800 SF

Year Built 1957

Listing Agency: Kidder Mathews of California, Inc.

Listed By: Nathan Shaolian · License #02074836 Show Phone

Source: Condosalesexperts

Added: Jun 17 Changed: Oct 26 Last Checked: Oct 26 at 1:15PM

Report an Issue

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kidder Mathews of California, Inc.

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This 6-unit apartment property contains 4,800 square feet of rentable area on a 7,412-square-foot lot. The mix comprises four 2-bedroom, 1-bathroom units and two 1-bedroom, 1-bathroom units, averaging 800 square feet each. One apartment is expected to be vacant at closing. A detached garage is also part of the property, with potential for ADU use noted in the property information.

Located in Winnetka, the property was built in 1957. The five occupied units are cited as having approximately 38% rental upside.

Key Highlights

• Six apartments: four 2BD/1BA and two 1BD/1BA
• 4,800 SF of rentable area on a 7,412 SF lot
• Units average 800 SF each

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$77,236

Cap Rate

5.27%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,544,720 $1.5M

Cap Rate 7%

$1,103,371 $1.1M

Cap Rate 9%

$858,178 $858.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,800 SF

Gross rent

$152.6K $31.80/SF

− Vacancy

−$12.2K −$2.54/SF

EGI

$140.4K $29.26/SF

− OpEx

−$63.2K −$13.17/SF

NOI

$77.2K $16.09/SF

Area

Los Angeles County, CA

Vacancy

8.00%

Lease Rate

$31.80 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,544,720

Cap Rate 7%

$1,103,371

Cap Rate 9%

$858,178

Alternative Uses

Best Use

Apartment 5plus

$1.10M

$965.5K – $1.29M (±1% cap)

NOI $77,236 @ 7.0% cap · market cap 5.27%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.57M

$2.25M – $3.00M (±1% cap)

NOI $179,893 @ 7.0% cap · market cap 12.28%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Lease Details

6

Residential units

Location Intelligence

Trade Area within ½ mile

1,069

Businesses Nearby

Explore this area Business Placement

Demographics for 91306, CA

46,669

Population

15,176

Households

3.1

Avg Household Size

39

Median Age

31%

College-Educated

79%

High-School Grad

4.2 sq mi

ZIP Area

11,112

Density / Sq Mi

$88,958

Median Household Income

$39,524

Median Earnings

$1,909

Median Rent

$719,900

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Similar For Sale Nearby

See more

Winnetka Commercial Property with Income

19740 Sherman Way, Winnetka, CA 91306

$1,950,000

0.36 Acres

View details

Three-Unit Multifamily Property

7754 Delco AVE, Winnetka, CA 91306

$1,350,000

2,980 SF

View details

Three-Unit Detached Triplex Compound

8434 Oakdale Ave, Winnetka, CA 91306

$1,649,950

0.22 Acres

View details

Frequently Asked Questions

What type of property is this?

Apartment building - The unit mix includes four two-bedroom apartments and two one-bedroom apartments, with a detached garage on site.

Where is this apartment building located?

The property is located at 20542 Hartland St Unit 2 Winnetka, CA.

What is the asking price?

The asking price for this property is $1,465,000.

What are key features of this property?

This property features: Six apartments: four 2BD/1BA and two 1BD/1BA; 4,800 SF of rentable area on a 7,412 SF lot; Units average 800 SF each