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… Read More 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 Read Less
Property listed by Lyon Stahl Investment Real Estate, Inc., Aaron Jacobson 310-729-1559
Listing Snapshot
Days Online
1
Last Updated
Property Type
Quadruplex
Lot Size
0.1 Acres
Year Built
1965
MLS Number
SB26009229
Additional Details
Building
Built in 1965, 1 building, 2 stories, Entry level: 1, Entry location: Front
Community
Biking, DogPark, Park, StreetLights, Sidewalks, Urban
Expenses
Operating: $29,468
Garage
2 spaces
Income
Gross Income: $103,188, Gross ScheduledIncome: $103,188, Net Operating Income: $70,625
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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