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3727 S La Salle Ave

Los Angeles, CA 90018
  • $1,260,000
  • STATUS: Active Under Contract
  • ON SITE: 35 Days
  • MLS #: 22-142107
Under Contract
UPDATED: 39 min ago
$1,260,000
  • 8
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,221
    SQFT
  • $567
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1922
County:

School Ratings & Info

Description

Price improvement. Looking for a cash flow positive property in LA? Here it is! This legal triplex is zoned R2 on huge 7400+sqft lot for future development potential. Total of 8BD + 3BA. Remodeled in 2016. Unit #3733 (3BD+1BA) delivered vacant. Unit #3727 rented at $2472/month (2BD+1BA) may also be delivered vacant. Unit #3735 rented at $2350/month (3BD+1BA). Garage rented for additional $200/month to contractor and will deliver vacant upon sale. Tenants pay all utilities. Super low expenses. Gross Income $84,204. Actual expenses (gardener $720, insurance $3817, HCIDLA $320, plus annual taxes) $20,104. NOI $64,101. GRM 14.96. CapRate 5.06%. Close to Expo Line, USC and West Adams. This will not last!

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-25T23:43:08.557. 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.
www.markwiseproperties.com/homes/127891977
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3727 S La Salle Ave Los Angeles, CA 90018

  • Price: $1,260,000
  • Status: Active Under Contract
  • On Site: 35 Days
  • Updated: 39 min ago
  • MLS #: 22-142107
8
Beds
0
Baths
0
½ Baths
0.17
Acres
2,221
SQFT
$567
$/SQFT
1922
Built
Neighborhood:
Los Angeles Southwest
County:
Los Angeles
Area:
Los Angeles Southwest
Property Description
Price improvement. Looking for a cash flow positive property in LA? Here it is! This legal triplex is zoned R2 on huge 7400+sqft lot for future development potential. Total of 8BD + 3BA. Remodeled in 2016. Unit #3733 (3BD+1BA) delivered vacant. Unit #3727 rented at $2472/month (2BD+1BA) may also be delivered vacant. Unit #3735 rented at $2350/month (3BD+1BA). Garage rented for additional $200/month to contractor and will deliver vacant upon sale. Tenants pay all utilities. Super low expenses. Gross Income $84,204. Actual expenses (gardener $720, insurance $3817, HCIDLA $320, plus annual taxes) $20,104. NOI $64,101. GRM 14.96. CapRate 5.06%. Close to Expo Line, USC and West Adams. This will not last!
Exterior Features

Lot Size Area 7437 Other Structures Other Parking Garage Driveway Total Parking 0

Interior Features

Baths Total 3.00 Cooling Ceiling Fan Equipment Garbage DisposalDishwasherRefrigeratorRange/OvenGas Or Electric Dryer Hookup Heating Wall

Property Features

Assessed Total Value 709544 Gross Income 84204 Gross Operating Income 84204 Like Units1 1 Like Units2 1 Like Units3 1 Net Operating Income 64101.00 Number Of Buildings 3 Number Of Units 3 Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Tenant Pays Cable TvElectricityGasWaterTrash Collection Total Annual Expense 20103 Type Of Units 3 Water Heaters YN Yes Year Built Source Assessor Zoning Lar2

Listing provided courtesy of Andrew Watkins DRE#01478668 of Kw Advisors.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-25T23:43:08.557. 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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Mark Wise | Bennion Deville Homes
71691 Highway 111
Rancho Mirage CA, 92270