3994 South La Salle Avenue

Los Angeles, CA 90062

$2,400,000
Price
12
Beds
14
Baths
7,199 Sq. Ft.
$333 / Sq. Ft.
7,199
Sq. Ft.
$333
per Sq. Ft.

Description

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%....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.
  1. Listed by Drew Dunn • DRE #01941825 • Brokerage DRE #01941825 • Four Brothers Real Estate • 949-413-7911

Property Details for 3994 South La Salle Avenue

Architectural Style
Contemporary
View
Canyon, City Lights, Mountain(s), Neighborhood
Parking Spaces Total
0
Private Pool
No
Cooling Type
Central Forced Air
Total Units
4.0
Building Type
Attached
Lot Size Source
Builder

Location

Listing Courtesy of Four Brothers Real Estate, Drew Dunn, DRE #01941825
Add your commute
LISTING UPDATED: 03/25/2024 08:01 AM

Property Details for 3994 South La Salle Avenue

StatusActive
MLS #OC24036012
Days on Market55
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2022
Lot Size0.15 AC / 6,448 SF
CountyLos Angeles County

Location

Listing Courtesy of Four Brothers Real Estate, Drew Dunn, DRE #01941825
Add your commute

Building Information for 3994 South La Salle Avenue

Stories3Residences-Year Built2022Building Size-Lot Size0.15 AC / 6,448 SF

Payment Calculator

$13,098 per month

30 year fixed, 7.25% Interest

Principal and Interest

$13,098

Property Taxes

—

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3994 South La Salle Avenue

Rental Info
Rental Info
  • Lease Term: 12 Months
Income / Expense / Tax Details
Income Details
  • Gross Income: $173,400
  • Gross Scheduled Income: $173,400
  • Net Operating Income: $130,363
Expense Details
  • Operating Expense: $36,101
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $3,600
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $36,078
Tax / Assessment Info
  • Tax Tract Number: 1189
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 44
Community / Development
Community / Development
  • Accessibility Features: None
  • Disability Access: None
  • Community Features: Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Appliances: Dishwasher, Gas Oven, Gas Range, Gas Cooktop, Range Hood, Tankless Water Heater
  • Equipment: Dishwasher, Gas Dryer Hookup, Washer Hookup
  • Interior Features: Granite Counters, Open Floorplan, Recessed Lighting, Storage, Tandem
  • Room Type: Attic, Entry, Family Room, Laundry, Living Room, Main Floor Bedroom, Multi-Level Bedroom
  • Bedroom Features: Main Floor Bedroom, Multi-Level Bedroom
  • Water Heater Features: Tankless
  • Water Heater Type: Tankless
  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Central Air, Dual
  • Heating Type: Central
  • Heating: Central
  • Flooring: Wood
Exterior Features
  • Window Features: Blinds, Double Pane Windows
  • Security Features: Automatic Gate, Carbon Monoxide Detector(s), Fire and Smoke Detection System, Fire Sprinkler System, Firewall(s), Gated Community, Security System, Smoke Detector(s)
  • Security: Automatic Gate, Gated Community
  • Construction Materials: Aluminum Siding, Concrete, Drywall Walls, Plaster, Wood Siding
  • Exterior Construction: Concrete, Plaster, Wood Siding
  • Exterior: Wood
  • Exterior Features: Lighting, Rain Gutters
  • Roof: Composition
  • Entry Location: Ground Floor
  • Fence: Yes
  • Fence: Wood, Wrought Iron
  • Fencing: Wood, Wrought Iron
  • Foundation Details: Slab
  • Property Condition: Updated/Remodeled
  • View Description: Canyon, City Lights
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Direction Faces: South
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Levels: Three Or More
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Available, Sewer Connected, Water Connected
  • Electric: Photovoltaics Seller Owned, Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Assigned
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Assigned, Tandem Garage
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 4
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $3,700
  • Unit Type Total Rent: $3,700
  • Unit Type Pro Forma: 3750
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 4
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $3,750
  • Unit Type Total Rent: $3,750
  • Unit Type Pro Forma: 3900
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $3,500
  • Unit Type Total Rent: $3,500
  • Unit Type Pro Forma: 3750
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $3,500
  • Unit Type Total Rent: $3,750
  • Unit Type Pro Forma: 3750
  • Unit Type Type: 4
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number With Dishwasher: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Number With Disposal: 4

Property History for 3994 South La Salle Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 3994 South La Salle Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 9
Public - 9 to 12
Charter - 5 to 8
Rating
School
Distance
Martin Luther King Jr. Elementary School
PublicK to 5

Barack Obama Global Preparation Academy
Public6 to 9

Manual Arts Senior High School
Public9 to 12

Public Policy Charter
Charter5 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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3994 South La Salle Avenue is a multi-family home for sale in Los Angeles, CA 90062. This property was listed for sale on February 22, 2024 by Four Brothers Real Estate, it's currently listed at $2,400,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Martin Luther King Jr. Elementary School, Barack Obama Global Preparation Academy and Manual Arts Senior High School. 3994 South La Salle Avenue is a 12-bed, 14-bath, 7,199 sqft multi-family home built in 2022.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Four Brothers Real Estate, Drew Dunn, DRE #01941825

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.