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$1,850,000
Est. payment /mo
12 Beds
6 Baths
5,184 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,184 sqft
Price per Sqft $356
MLS Listing ID 25543037
Bedrooms 12
HOA Y/N No
Year Built 1990
Lot Size 7,993 Sqft
Property Description
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 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 6.65% and a GRM of 10.28, 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 destinations3120 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.
Location
State CA
County Los Angeles
Area Phht - Park Hills Heights
Zoning LAR3
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Parking Features Gated
Total Parking Spaces 8
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4006030006
Special Listing Condition Standard
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Listed by Jake Glaser • Lyon Stahl Investment Real Estate, Inc.
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