3935 La Salle Ave, Los Angeles, CA 90062

3935 La Salle Ave, Los Angeles, CA 90062

Los Angeles, CA

Property Description

Lyon Stahl is pleased to present this four-unit listing at 3935 La Salle Avenue. Featuring a vacant recently renovated 4+2 unit with proforma rent of $3,000/mth; two 2+1 units rented for $1,700 & $1,250/mth, and a 1+1.5 unit currently rented for $900/mth for a current gross income of $6,850/mth; $82,200/yr. The units are all good sized with 3,743 total rentable SF.

At the $1,150,000 price, the offering is priced at: $287,500/unit; a 13.99 current GRM; an 11.41 market GRM; a 4.97% current CAP; a 6.54% market CAP; and $307/SF. The property also shows as 5 units total on title so there might be the ability to convert the 4 Bedroom unit back into 2 units to add further value (buyer to verify with city).

<strong>Investment Highlights: </strong>

• Well-maintained 4 Unit in rapidly appreciating location at 3935 La Salle Avenue, LA 90062, only a 0.6M walk to the Western/Expo metro station for direct access from Santa Monica to DTLA
• Solid unit mix with a recently renovated vacant 4+2 unit; two 2+1 units, and one 1+1 unit with 3,743 total rentable SF… Rent the 4+2 for $3,000/mth+ for immediate upside or owner-occupy!
• Fantastic central location near Jeff Park/West Adams; Leimert Park; USC/Expo Park, and DTLA with ease of access to all parts of the City

Property Features

  • Sale Price: $1,000,000
  • Area Size: 3,743 SF
  • Land Area: 5,208 SF
  • Year Built: 1928
  • Listing Date: 9/23/19
  • Closing Date: 2/11/20
  • Units: 4
  • Current GRM: 13.99
  • Current Cap Rate: 4.97%
  • Price Per Unit: $287,500
  • Market GRM: 11.41
  • Market Cap Rate: 6.54%

Lyon Stahl Investment Real Estate

Keep In Touch