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$ 1,299,000
Est. payment | /mo
10 Beds
11 Baths
2,406 SqFt
$ 1,299,000
Est. payment | /mo
10 Beds
11 Baths
2,406 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 2,406 sqft
Price per Sqft $539
MLS Listing ID 26107069
Bedrooms 10
HOA Y/N No
Year Built 1965
Lot Size 4,321 Sqft
Property Description
We are pleased to present 3711 S. Western Avenue, a rare opportunity to acquire a nine (9) unit multifamily investment near USC and Exposition Park. Offered at a 10% cap rate and a 7.4x gross rent multiplier, this investment combines attractive reported cash flow with a location connected to some of Los Angeles' most recognized destinations. Located just blocks from the University of Southern California and steps from the Expo/Western Metro Station, the property offers convenient access to campus, Exposition Park, Downtown Los Angeles, and the broader Metro network. As Los Angeles prepares to welcome the world for the 2028 Olympic Games, the property is positioned near USC and Exposition Park, two areas central to the city's Olympic story. Originally built in 1965 and formerly operated as a motel, the property offers approximately 2,406 rentable square feet on a 4,320-square-foot LAC2-zoned lot with hotel/motel use. The unit mix consists of eight (8) singles with kitchenettes and one (1) spacious 2-bedroom + 1-bathroom unit. The property has benefited from significant improvements, including upgraded electrical systems and new vertical and horizontal copper plumbing completed in 2015, a solar panel system installed in 2018, and structural reinforcement and code upgrades. With its 9-unit configuration, compelling reported returns, proximity to USC, and access to public transportation, 3711 S. Western Avenue presents an opportunity to acquire a cash-flowing asset in a prominent Los Angeles location.
Location
State CA
County Los Angeles
Area Phht - Park Hills Heights
Zoning LAC2
Interior
Fireplace No
Appliance Refrigerator
Exterior
Parking Features Gated, Private
Total Parking Spaces 9
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5041024027
Special Listing Condition Standard
Listed by Davis Saadian EstateX inc. #01921748
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