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Listed by Aaron Jacobson • Lyon Stahl Investment Real Estate, Inc.
$1,095,000
Est. payment /mo
4,325 Sqft Lot
New
3119 W 71st Los Angeles, CA 90043
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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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