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3711 S Western Ave
Los Angeles, CA 90018 Leimert Park

$1,575,000 USD

Apartments For Sale  •  2,406 SF

Property Details

  • Property Type Apartments
  • Total Building Size 2,406 SF
  • Lot Size 0.1 AC
  • Building Class C
  • Year Built 1965
  • Cap Rate 8.00 %
  • Zoning LAC2
58 Transit Score
80 Walk Score

Highlights

CURRENT HIGH YIELD 8.0% CAP RATE
CURRENT 9.6X GROSS RENT MULTIPLIER
ONLY $175K/ PRICE PER UNIT
STEPS FROM EXPO/ WESTERN METRO STATION
NEW COPPER PLUMBING & NEW ELECTRICAL
LAC2 ZONING (HOTEL/ MOTEL USE)

Financial Summary (Actual)

Net Operating Income: $126,046 USD (2024)
Cap Rate: 8.00 %
Total Expenses: $38,066 USD

Public Transportation

Commuter RailDriveWalkDistance
11 min - 6.2 mi
Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 14 min - 6.6 mi
Transit/SubwayDriveWalkDistance
Expo/Western (Expo Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 0 min 4 min 0.2 mi
AirportDriveWalkDistance
Los Angeles International 20 min - 9.8 mi
Bob Hope 30 min - 14.8 mi
Long Beach (Daugherty Field) 31 min - 21.6 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 4
Type: Covered
Included in Rent: Yes
Davis Saadian 310-402-8958 Davis Saadian Group
Davis Saadian 310-402-8958 Davis Saadian Group