3119 W 71st Los Angeles, CA 90043
UPDATED:
Key Details
Property Type Single Family Home, 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
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
Lease Land No
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