3935 La Salle Avenue

  • Los Angeles

  • $799,000

Residential Income Details

We are pleased to present this 4 unit listing at 3935 La Salle Avenue, LA 90062. The property features a fantastic unit mix with: one 4+2 unit; two 2+1 units, and one 1+1 unit with 3,743 total rentable sq. ft. The current gross income is $6,330/mth; $75,960/yr, but there's achievable rent upside to $7,300/mth; $87,600/yr. At our $799,000 asking price, the property is: $199,750/unit; a 10.52 current GRM; a 6.29% current CAP; and only $213/sq. ft. The front triplex was built in 1928, and the rear unit/bldg experienced a fire recently and has just been fully renovated to a total restoration cost of $260,000. The total lot size is 5,208 SF zoned LAR2. This is a fantastic investor deal with good in-place income/cash flow plus future rent upside, or for an owner-user buyer since the recently renovated rear 2 bedroom 1 bath unit is currently vacant & ready for the new owner to occupy. This fantastic 4 unit is well-located at 3935 La Salle Avenue in the hot 90062 area just west of USC. The property is located just north of MLK Blvd between Western & Normandie Avenue. Located only 0.5 miles (a 10 minute walk) to the Expo/Western Metro train station with direct access from Downtown LA to Santa Monica now. The property is also in close proximity (1.5 miles) from the USC campus, and an easy walk to the LA Memorial Coliseum; Exposition Park; Natural History Museum; CA Science Center; and the future LAFC Soccer Stadium & $1B Lucas Museum of Narrative Art.
MLS #SB17034263
Number of Units4
Sale TypeStandard
StatusActive Under Contract
Listing BrokerageKeller Williams Beach Cities
Listing AgentMatthew Dunfrund
Listing Agent BRE #01785161
Co-Listing AgentMichael Millea
Co-Listing Agent BRE #01069014
HeatingWall Heater
Garage Spaces4
AreaC34 - Los Angeles Southwest
Address3935 La Salle Avenue
CityLos Angeles
CountyLos Angeles


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Based on information from California Regional Multiple Listing Service, Inc. as of Saturday, February 25, 2017. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.