• 3994 S La Salle Avenue Los Angeles, CA 90062

  • $2,400,000
  • 0
    Bed(s)
  • 0
    Baths
  • 7,199
    Sq Ft
  • 6448
    Sqft
  • Listed By: Drew Dunn, Four Brothers Real Estate, DRE #01941825
  • Source: CRMLS

Introducing this stunning new construction quadplex, proudly green-certified, nestled in the vibrant city of Los Angeles! Merely 1.3 miles from USC, an easy 6-minute bike ride away, this prime property boasts four units, each featuring 3 bedrooms. Among these, two units offer 3.5 bathrooms, while the remaining two include 3 bathrooms, totaling 12 bedrooms and 13 bathrooms. Experience unparalleled luxury with upscale finishes and impeccable construction quality, all under a current cap rate of 5.38%. Each unit is separately metered, ensuring the landlord incurs no utility expenses. Moreover, seize the opportunity to transform the four-car tandem garage into an ADU (accessory dwelling unit) without the need for additional parking, potentially elevating the pro forma cap rate to 7.31%. By converting the side-by-side garage, a second ADU could be established, adding an extra 1-2-bedroom unit to significantly boost the cap rate. This presents an opportunity to potentially achieve a cap rate exceeding 8%, an unprecedented feat in new construction within this rapidly growing area. This customizable ADU could serve as a lucrative income source or a private living space, complete with kitchen, bathroom, and living area. Discover generously sized bedrooms with ample closet space and sleek, modern bathrooms. The open floor plans boast spacious living rooms, dining areas, and gourmet kitchens equipped with stainless steel appliances and quartz countertops. Enjoy the convenience of a private yard, in-unit laundry, central HVAC, and fully paid-off solar panels.This property offers a unique blend of contemporary amenities, cost-saving features, and income potential, making it a savvy investment choice in Los Angeles' thriving rental market. Benefit from its prime location with easy access to major roads, freeways, public transportation, and nearby amenities such as Starbucks, Exposition Park, Los Angeles Memorial Coliseum, and the Crypto Arena. Don't miss out on the opportunity to earn positive cash flow, leverage new construction tax benefits, minimize maintenance costs, and witness appreciation in one of Los Angeles' most historically robust markets.

Property Type :

Residential Income

County :

Los Angeles

Style :

Residential Income

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Unit No Unit Key Total Bath Total Bed Full Bath Half Bath
1 1061532230 3 3 3 0
2 1061532230 3 3 3 0
3 1061532230 4 3 3 1
4 1061532230 4 3 3 1

Property Details

 

Water/Sewer

Water Source : Public

Sewer : Public Sewer

Interior Features

Roof : Composition

Exterior Property Features : Lighting,Rain Gutters

Interior Features: Granite Counters,Open Floorplan,Recessed Lighting,Storage,Tandem,Attic,Bedroom on Main Level

Windows: Blinds,Double Pane Windows

Property Appliances: Dishwasher,Gas Cooktop,Gas Oven,Gas Range,Range Hood,Tankless Water Heater

Fireplace: None

Flooring: Wood

Cooling Features

Central Air,Dual

Air Conditioning

Heating Source

Central

Has Heating

Fireplace

Fireplace Features: None

Has Fireplace: 0

Building Information

Year Built: 2022

Building Area Total: 7,199

Construction: Aluminum Siding,Drywall,Concrete,Plaster,Wood Siding

Roof: Composition

Exterior Features

Lighting,Rain Gutters

Foundation

Slab

Security Features

Security System,Carbon Monoxide Detector(s),Fire Detection System,Firewall(s),Fire Sprinkler System,Security Gate,Gated Community,Smoke Detector(s)

Accessibility Features

None

Pool Features

None

Laundry Features

Washer Hookup,Gas Dryer Hookup

Fencing

Wood,Wrought Iron

Lot Details

Lot Dimensions Source: Vendor Enhanced

Lot Size Acres: 0.148

Lot Size Source: Builder

Lot Size Square Feet: 6448

Listing Price Information

Original List Price: 2,400,000

Listing Contract Date: 2024-02-21

Lease Information

Lease Term: 12 Months

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 5036029019

Garage and Parking

Garage Description: Assigned,Garage,Tandem

Homeowners Association

Rental Info

Lease Term: 12 Months

Other Property Info

Source Listing Status: Pending

Source Neighborhood: C34 - Los Angeles Southwest

Directions: W on Martin Luther King Blvd and Right on La Salle Ave

Source Property Type: Residential Income

Area: C34 - Los Angeles Southwest

Property SubType: Quadruplex

Building and Construction

Property Age: 2

Common Walls: 2+ Common Walls

Property Condition: Updated/Remodeled

Structure Type: Quadruplex

Year Built Source: Builder

Entry Level: 1

Entry Location: Ground Floor

Property Attached: Yes

Levels or Stories: Three Or More

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
4032 La Salle Avenue, Los Angeles, CA,90062 $1,200,000 5 3 2,564 7068 Sqft
1496 W Vernon Avenue, Los Angeles, CA,90062 $742,000 6 3 2,107 5474 Sqft
1431 W 49th Street, Los Angeles, CA,90062 $779,000 2 1 1,260 5966 Sqft
5321 Denker Avenue, Los Angeles, CA,90062 $1,280,000 -- -- 3,220 5950 Sqft
1627 Leighton Avenue, Los Angeles, CA,90062 $819,000 6 3.5 1,616 5434 Sqft
1901 W Martin Luther Ki.., Los Angeles, CA,90062 $1,425,000 -- -- 5,602 9012 Sqft
1447 W 47th Street, Los Angeles, CA,90062 $879,000 5 3 2,027 5694 Sqft
3938 Dalton Ave, Los Angeles, CA,90062 $799,000 3 2 1,526 5360 Sqft
4112 Dalton Avenue, Los Angeles, CA,90062 $1,249,000 6 -- 3,558 6694 Sqft
5421 S Wilton Place, Los Angeles, CA,90062 $799,000 3 1 1,304 5861 Sqft

Copyright © 2024 by the Multiple Listing Service of the California Regional MLS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the California Regional MLS®. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.

ByOwner last updated this listing 05/19/2024 @ 19:26

MLS: OC24036012
LISTED BY: Drew Dunn, Four Brothers Real Estate
SOURCE: CRMLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.

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