• 3513 S Bronson Avenue Los Angeles, CA 90018

  • $1,275,000
  • 4
    Bed(s)
  • 0
    Baths
  • 2,274
    Sq Ft
  • 6294
    Sqft
  • Listed By: Nathan Bishop, Avenue 8, Inc., DRE #01924217
  • Source: CRMLS

3513 S Bronson Ave is a highly desirable 4-Plex accompanied with ready to issue permits to add 2 new units. This 4+2 unit building is located in the highly sought-after market in Crenshaw with plenty of upside for an investor looking to increase the value. This value add apartment building is located in the 90018 zip code in Los Angeles. With RTI plans for 2 ADU units, the property would operate at a 5.37% CAP and 12.35 GRM. The subject property has a unit mix of (4) 1-Bed/1-Bath units with plans in place for (1) 1-Bed/1-Bath and (1) Studio, totaling 6 units after construction. The potential of this building reaches above a 9.60% Cap rate and a GRM of 8.00. All units have their own electric and gas meters. This property offers the rare opportunity to lock in a 30- year fixed residential loan while having 6 units on site. This property is adjacent to Baldwin Village and Leimert Park in a rapidly growing submarket of Los Angeles. With easy access to the 10 Freeway, the property is a 20-minute drive to UCLA and 10 minutes to USC, truly a central hub of Los Angeles. THE SF REFLECTED REPRESENTS THE ADU CONVERSION

Property Type :

Residential Income

County :

Los Angeles

Style :

Residential Income

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Property Details

 

Bedroom Information

Total Bedrooms : 4

Bathroom Information

Total Baths: 4

Full Baths: 0

Half Baths: 0

Cooling Features

None

Air Conditioning

Heating Source

Wall Furnace

Has Heating

Building Information

Year Built: 1941

Building Area Total: 2,274

Lot Details

Lot Dimensions Source: Vendor Enhanced

Lot Size Acres: 0.1445

Lot Size Source: Vendor Enhanced

Lot Size Square Feet: 6294

Listing Price Information

Original List Price: 1,275,000

Listing Contract Date: 2024-01-31

Lease Information

Listing Agreement: Seller Reserved

Tax Information

Parcel Number: 5044004020

Garage and Parking

Garage Description: None

Homeowners Association

Rental Info

Lease Term: Negotiable

Other Property Info

Source Listing Status: Active

Source Neighborhood: C16 - Mid Los Angeles

Postal Code Plus 4: 3636

Directions: Use Navigation, Take San Vicente Blvd, slight left turn onto Venice Blvd, Turn right onto Crenshaw Blvd, left onto 36th st, turn left onto s Bronson Ave, destination on left.

Zoning: LAR3

Source Property Type: Residential Income

Area: C16 - Mid Los Angeles

Building and Construction

Property Age: 83

Year Built Source: Vendor Enhanced

Total Square Feet Living: 2274

Levels or Stories: One

Building Total Stories: 1

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ByOwner last updated this listing 06/17/2024 @ 09:41

MLS: 24348759
LISTED BY: Nathan Bishop, Avenue 8, Inc.
SOURCE: CRMLS
Buyer Agency Description: 5% total commission paid out, 2.5% to selling side, and 2.5% to listing side.

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