Property listed by Zacuto Group, Jacob Zacuto 310-469-9300
$1,625,000
3517 Montclair Street presents a rare opportunity to acquire an eight 700 SF bungalow-style units in the rapidly revitalizing West Adams and Jefferson Park corridor. The units are arranged around an open central courtyard,offering inherent charm, strong renter appeal, and great in-place income supported by a current 5.87% cap rate.… Read More 3 units can be delivered vacant, and there are 2 garages which have the potential to be converted, one of which has recently been fully remodeled and in brand new condition. With a low cost basis of $203,125 per unit and $296 per square foot, investors gain immediate cash flow with clear upside through rental growth and optional ADU conversion of two existing garages. The surrounding neighborhood continues to benefit from new dining, transit improvements, and active mixed-use development, positioning this asset for durable long-term appreciation. Read Less
Listing Snapshot
Days Online
90
Last Updated
Beds
8
Square Ft.
5,496
Lot Size
0.25 Acres
Year Built
1923
MLS Number
25628249
Additional Details
Building
Built in 1923, Living area: 5496.0, 5 buildings, Levels: One
Income
Gross Income: $139,170, Net Operating Income: $94,517
Lot
0.2524 acres
Parking
None
Property
Other structures: Sheds
Taxes
Parcel Number: 5051017007, Zoning: LAR1
Find The Perfect Home
'VIP' Listing Search
Whenever a listing hits the market that matches your criteria you will be immediately notified.
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.
Confirm your time
Fill in your details and we will contact you to confirm a time.
