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