Property listed by Lyon Stahl Investment Real Estate, Inc., Jake Glaser 310-425-9838
$1,850,000
3120 W 71st Street, a well-maintained 6-unit multifamily investment opportunity located in a rapidly evolving pocket of Los Angeles. Built in 1990, this rare offering is exempt from the City of Los Angeles Rent Stabilization Ordinance (RSO), providing investors with increased flexibility and long-term upside potential.The property is comprised of… Read More six spacious 2-bedroom / 1-bathroom units, each averaging approximately 864 square feet. All units are separately metered for gas and electricity, and each has a dedicated water heater, reducing owner expenses and operational complexity. The building also features copper plumbing and a storage room with washer/dryer hookups not currently in use offering further income or amenity potential for a new owner. Sitting on a 7,992 square foot lot, the property includes 8 gated surface parking spaces at the rear of the building, offering convenience and security for tenants. With a current cap rate of 6.71% and a GRM of 9.98, the investment presents strong in-place cash flow with room to grow. Additionally, there is potential to build one or more ADUs (buyer to verify), providing further value-add opportunity in a supply-constrained market. Strategically located near major entertainment and transportation hubs including SoFi Stadium, the Kia Forum, the upcoming Intuit Dome, and a growing collection of dining and retail destinations - 3120 W 71st Street stands to benefit from continued neighborhood appreciation and infrastructure investment.With its desirable unit mix, non-RSO status, strong financials, and ADU potential, 3120 W 71st Street represents a compelling, turn-key investment opportunity in the heart of Los Angeles. Read Less
Listing Snapshot
Days Online
11
Last Updated
Property Type
Other
Beds
12
Square Ft.
5,184
Lot Size
0.18 Acres
Year Built
1990
MLS Number
25543037
30 Days Snapshot Of 90043
$988k
+7%
(avg) sold price
18
-5%
homes sold
86
+2%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1990, Building area total: 5,184, Levels: Two, Living area: 5184, 2 stories, 1 building
Cooling
None
Heating
WallFurnace
Income
Gross income: $185,328, Net operating income: $1,224,185
Lot
0.1835 acres, 7,992 square feet, Size: 7,992
Parking
8 totals parking, Gated
Property
Zoning: LAR3
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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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