Homes for sale - 3119 W 71st, Los Angeles, CA 90043

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JLee Broker

[email protected] +1(650) 857-1000

Listed by Aaron Jacobson • Lyon Stahl Investment Real Estate, Inc.

$1,095,000

Est. payment - /mo

4,325 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRSB26009229

Year Built 1965

Lot Size 4,325 Sqft

Property Sub-Type Fourplex

Source California Regional MLS

Property Description

Delivered with 3 Vacancies! 3119 W 71st St is a 4-plex in one of Los Angeles' fastest-growing neighborhoods, with 3/4 Units delivered Vacant. The property features an ideal unit mix of (3) 2 Bed/1 Bath and (1) Studio Units. The property has spacious floorplans and upgraded electric main and subpanels, ensuring ease of management for future tenants. Adding even more value, the property comes with approved plans for a Studio ADU, allowing an investor to start construction immediately. Once leased, the property will operate at an impressive 6.45% Cap Rate, before even factoring in the ADU. After construction, the property projects at an impressive 7.53% Cap Rate (including building costs), making this an exceptional investment. Whether you're an investor or owner-user, this 4+1 unit asset is primed for strong cash flow from day one, with the added potential to increase equity through ADU development. Situated in a booming submarket, 3119 W 71st St is in close proximity to Inglewood, including new developments such as SoFi Stadium, Intuit Dome, Hollywood Park Casino and more, ensuring strong rental demand and long-term appreciation. THE SF REFLECTED REPRESENTS THE ADU CONVERSION

Location

State CA

County Los Angeles

Area Phht - Park Hills Heights

Interior

Laundry None

Exterior

Garage Spaces 6.0

Pool None

Building

Water District - Public

Others

Tax ID 4006029013

Special Listing Condition Not Applicable

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JLee Broker

+1(650) 857-1000

Broker | License ID: 00851314

Broker License ID: 00851314

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3119 W 71st Los Angeles, CA 90043

JLee Broker

Key Details

Location

Interior

Exterior

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Others

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