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.
|Number of Units||4|
|Status||Active Under Contract|
|Listing Brokerage||Keller Williams Beach Cities|
|Listing Agent||Matthew Dunfrund|
|Listing Agent BRE #||01785161|
|Co-Listing Agent||Michael Millea|
|Co-Listing Agent BRE #||01069014|
Based on information from California Regional Multiple Listing Service, Inc. as of Saturday, February 25, 2017.
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