3119 W 71st Los Angeles, CA 90043
4,325 Sqft Lot
UPDATED:
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB26009229
HOA Y/N No
Year Built 1965
Lot Size 4,325 Sqft
Property Sub-Type Quadruplex
Property Description
3119 W 71st St is a 4-plex in one of Los Angeles' fastest-growing
neighborhoods, with 3/4 Units delivered Vacant. The property
features an ideal unit mix of (3) 2 Bed/1 Bath and (1) Studio Units. The
property has spacious floorplans and upgraded electric main and
subpanels, ensuring ease of management for future tenants.
Adding even more value, the property comes with approved plans
for a Studio ADU, allowing an investor to start construction
immediately. Once leased, the property will operate at an
impressive 6.45% Cap Rate, before even factoring in the ADU. After
construction, the property projects at an impressive 7.53% Cap
Rate (including building costs), making this an exceptional
investment.
Whether you're an investor or owner-user, this 4+1 unit asset is
primed for strong cash flow from day one, with the added potential
to increase equity through ADU development.
Situated in a booming submarket, 3119 W 71st St is in close proximity
to Inglewood, including new developments such as SoFi Stadium,
Intuit Dome, Hollywood Park Casino and more, ensuring strong rental
demand and long-term appreciation.
THE SF REFLECTED REPRESENTS THE ADU CONVERSION
Location
State CA
County Los Angeles
Area Phht - Park Hills Heights
Interior
Fireplace No
Laundry None
Exterior
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Biking, Dog Park, Park, Street Lights, Sidewalks, Urban
Total Parking Spaces 6
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 4006029013
Acceptable Financing Cash, Cash to New Loan, Conventional, FHA, VA Loan
Listing Terms Cash, Cash to New Loan, Conventional, FHA, VA Loan
Special Listing Condition Standard
NEARBY SCHOOLS & PROPERTIES
- 9
Wilder's Preparatory Academy Charter
Public | KG - 5
- 8
Global Education Academy
Public | KG - 5
- 7
Huerta Elementary
Public | PK - 5
- 7
New Heights Charter
Public | KG - 8
- 6
Felton Elementary
Public | PK - 5
- 6
Buford Elementary
Public | KG - 5
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Moffett Elementary
Public | PK - 5
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Kipp Empower Academy
Public | KG - 4
- 6
Menlo Avenue Elementary
Public | KG - 5
- 5
La Tijera K-8 Academy of Excellence
Public | KG - 8
- 5
Jefferson Elementary
Public | KG - 5
- 5
Kipp Academy of Opportunity
Public | 5 - 8
- 5
74th Street Elementary School
Public | KG - 5
- 5
Kipp Scholar Academy
Public | 5 - 8
- 5
La Salle Avenue School
Public | KG - 5
- 5
Dr. Theo. T. Alexander Jr., Science Center
Public | KG - 5
- 4
W. Claude Hundall Elementary School
Public | KG - 6
- 4
Windsor Hills Elementary
Public | KG - KG
- 4
Centinela Elementary School
Public | KG - 6
- 4
Kelso Elementary School
Public | KG - 6
- 8
Wilder's Preparatory Academy Charter Middle School
Public | 6 - 8
- 6
Environmental Charter Middle - Inglewood
Public | 6 - 7
- 6
Alliance Ouchi-O'Donovan 6-12 Complex
Public | 6 - 12
- 5
Century Community Charter
Public | 6 - 8
- 4
Lennox Middle School
Public | 6 - 8
- 4
Foshay Learning Center
Public | 6 - 12
- 2
Grace Hopper STEM Academy
Public | 6 - 8
- 2
Albert F. Monroe Elementary School
Public | 6 - 8
- 1
Crozier Elementary School
Public | 7 - 8
- 1
Icef Inglewood Middle Charter Academy
Public | 6 - 8
- 1
Audubon Middle School
Public | 6 - 8
- 1
View Park Preparatory Accelerated Charter Middle School
Public | 6 - 8
- 1
Century Academy for Excellence
Public | 6 - 8
- 1
Horace Mann Junior High School
Public | 6 - 8
- 1
Barack Obama Global Preparation Academy
Public | 6 - 8
- 1
John Muir Middle School
Public | 6 - 8
- 1
Bret Harte Preparatory
Public | 6 - 8
- 0
Alliance College-Ready Middle Academy No. 7
Public | 6 - 8
- 0
Horace Mann UCLA Community School
Public | 6 - 8
- 0
Animo Phillis Wheatley Charter Middle School
Public | 6 - 8
- 9
Lennox Mathematics, Science and Technology Academy
Public | 9 - 12
- 9
Animo Leadership High School
Public | 9 - 12
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Animo Inglewood Charter High School
Public | 9 - 12
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Middle College High School
Public | 9 - 12
- 7
City Honors College Preparatory Charter
Public | 9 - 12
- 6
Crenshaw Arts-Technology Charter High School
Public | 9 - 12
- 5
View Park Preparatory Accelerated High School
Public | 9 - 12
- 5
Alliance Renee and Meyer Luskin Academy High School
Public | 9 - 12
- 5
Animo South los Angeles Charter
Public | 9 - 12
- 2
Augustus F. Hawkins High School - Critical Design and Gaming
Public | 9 - 12
- 1
Inglewood High School
Public | 9 - 12
- 1
Morningside High School
Public | 9 - 12
- 1
Crenshaw Magnet High School
Public | 9 - 12
- 1
Executive Preparatory Academy of Finance
Public | 9 - 12
- 1
George Washington Prep High School
Public | 9 - 12
- 1
Manual Arts High School
Public | 9 - 12
- 1
Augustus F. Hawkins High School - Community Health Advocates
Public | 9 - 12
- 1
Augustus F. Hawkins High School - Responsible Indigenous Social Entrepreneurship
Public | 9 - 12
- 0
St Mary's Academy
Private | 9 - 12
- 0
Slauson Learning Center 1
Private | 9 - 12