Los Angeles, CA 90043,3119 W 71st
Los Angeles, CA 90043,3119 W 71st
Los Angeles, CA 90043,3119 W 71st
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$1,095,000
Est. payment /mo
4,325 Sqft Lot
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB26009229

HOA Y/N No

Year Built 1965

Lot Size 4,325 Sqft

Property Sub-Type Quadruplex

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

Fireplace No

Laundry None

Exterior

Garage Spaces 2.0

Garage Description 2.0

Pool None

Community Features Biking, Dog Park, Park, Street Lights, Sidewalks, Urban

Total Parking Spaces 6

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 4006029013

Acceptable Financing Cash, Cash to New Loan, Conventional, FHA, VA Loan

Listing Terms Cash, Cash to New Loan, Conventional, FHA, VA Loan

Special Listing Condition Standard

Read Less Info
CRMLS – RECore
Listed by Aaron Jacobson Lyon Stahl Investment Real Estate, Inc. 310-729-1559

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