Property listed by Kidder Mathews of California, Inc., Casey Lins 858-369-3010
$1,285,000
We are proud to present 3468 W 71st St, a unique 3 legal units + 2 non-conforming units multifamily property in Los Angeles, offered at an 8.83 GRM and a 7.93% CAP on Year-1 rents, with upside potential to achieve a 7.64 GRM and an 9.56 % CAP with market… Read More rents. 4 of the units (2 legal units + 2 non-conforming units) will be delivered VACANT!!! 4 of the units (2 legal units + 2 non-conforming units) are new construction built in 2026 with all new plumbing, framing, electrical, and mechanical systems being BRAND NEW! With the property's 2026 build date, the building is NOT subject to LA City Rent Control allowing a new owner the ability meet market rents. As the property is legally a 3-unit building + 2 non-conforming units, the asset is primed for low-down payment owner-occupied financing providing a buyer with the potential to collect additional income compared to a regular 3-unit property. With 4,122sf of permitted building square footage, this is a turn-key investment opportunity that is in a prime position to take advantage of future appreciation due to its proximity to SoFi Stadium, LAX, Culver City, etc. Contact the listing broker for additional information. Read Less
Listing Snapshot
Days Online
8
Last Updated
Beds
8
Square Ft.
4,122
Lot Size
0.12 Acres
Year Built
1937
MLS Number
26663347
Additional Details
Building
Built in 1937, Living area: 4122.0, 1 building, 2 stories, Levels: Two, Entry level: 1
Disclosures
RentControl
Income
Gross Income: $145,476, Net Operating Income: $101,870
Lot
0.1157 acres, Dimensions: 42x120
Parking
4 open parking spaces, 2 total parking spaces, Driveway
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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