439 West 71st Street

Los Angeles, CA 90003

$1,600,000
Price
13
Beds
8
Baths
4,277 Sq. Ft.
$374 / Sq. Ft.
4,277
Sq. Ft.
$374
per Sq. Ft.

Description

Unheard of 7% CAP RATE! Real rents, real tenants, currently occupied! Do not miss this great investment opportunity. This NON RENT CONTROLLED duplex + adu is made up of two huge 5 bed/3 bath units & one detached 3 bed bath unit. This property is an unbeatable opportunity for investors to have immediate easy cash flow. Property itself is brand new condition, built in 2023, and comes with six spacious parking spots, brand new appliances, and spacious floor plans. Do not miss this opportunity!Unheard of 7% CAP RATE! Real rents, real tenants, currently occupied! Do not miss this great investment opportunity. This NON RENT CONTROLLED duplex + adu is made up of two huge 5 bed/3 bath units & one detached 3 bed bath unit. This property is an unbeatable opportunity for investors to have immediate easy cash flow. Property itself is brand new condition, built in 2023, and comes with six spacious parking spots, brand new appliances, and spacious floor plans. Do not miss this opportunity!
  1. Listed by Isaac Davidi • DRE #01819489 • Brokerage DRE #01819489 • On Track Property

Property Details for 439 West 71st Street

Zoning
LAR2
Parcel Number
6013028011
Total Units
3.0
Living Area
4277
Source Living Area
Owner
Area
Downtown L.A. (C42)
Vacancy Rate
Occupied
Lot Size Area
5107

Location

Listing Courtesy of On Track Property, Isaac Davidi, DRE #01819489
Add your commute
LISTING UPDATED: 04/17/2024 06:52 PM

Property Details for 439 West 71st Street

StatusActive
MLS #24-353091
Days on Market74
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2024
Lot Size0.12 AC / 5,107 SF
CountyLos Angeles County

Location

Listing Courtesy of On Track Property, Isaac Davidi, DRE #01819489
Add your commute

Building Information for 439 West 71st Street

Stories2Residences-Year Built2024Building Size-Lot Size0.12 AC / 5,107 SF

Payment Calculator

$9,252 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,732

Property Taxes

$520

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 439 West 71st Street

Community / Development
Community / Development
  • Number Of Units: 3
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Builder
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: 3
  • Property Condition: New Construction
Contract Info
Contract Info
  • Probate: No
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $146,400
  • Net Operating Income: $109,800.00
  • Gross Income: $146,400
  • Cap Rate: 6.66%
  • Gross Rent Multiplier: $11.27
  • Owner Pays: Gardener
  • Total Annual Expense: 36600
Land / Lot Info
Land / Lot Info
  • Alley: Yes
  • Lot Acreage: 0.1172
  • Lot Size Square Feet: 5107
  • Lot Size Dimensions: 40x129
  • Source Lot Size Dimensions: Vendor Enhanced
  • Lot Location: Alley Access
Parking Details
Parking Details
  • Parking Garage: Carport
  • Total Parking: 6
  • Carport Spaces Total: 6
  • Parking Features: Carport
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling: None
  • Cooling Type: None
  • Heating: None
  • Heating Type: None
  • Equipment: Refrigerator, Range/Oven
  • Common Walls: Attached
  • Cooking Appliances: Oven
Exterior Features
Exterior Features
  • New Construction: Yes
  • Foundation Details: Slab
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 01-30-2024
  • Rent Control: No
  • Tenant Pays: Gas, Electricity, Water
Unit Details
Unit 1 Information
  • Unit Beds: 5
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $4,200.00
  • Unit Actual Rent: $4,200.00
  • Unit Projected Rent: $4,200.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 5
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $4,200.00
  • Unit Actual Rent: $4,200.00
  • Unit Projected Rent: $4,200.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,800.00
  • Unit Actual Rent: $3,800.00
  • Unit Projected Rent: $3,700.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108

Property History for 439 West 71st Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 439 West 71st Street

Taxable ValueLand$400,000Additions$100,000Total$500,000
Tax Record2023$6,241 ($520 / month)
Home Facts
Beds3Total Finished SqFt1,072 SqFtAbove Grade Finished SqFt1,072 SqFtStories1Lot Size5,107 SqFtStyleSingle Family ResidenceYear Built1921ZoningLAR2CountyLOS ANGELESAPN6013-028-011

Schools near 439 West 71st Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Gil Garcetti Learning Academy
PublicK to 6

Mary Mcleod Bethune Middle School
Public7 to 8

Richland Avenue Elementary School
PublicK to 5

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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439 West 71st Street is a multi-family home for sale in Los Angeles, CA 90003. This property was listed for sale on January 30, 2024 by On Track Property, it's currently listed at $1,600,000. It has been on the market for a total of 74 days and was last sold on November 3, 2022. This listing's school district is Los Angeles Unified School District. Nearby schools include Gil Garcetti Learning Academy, Mary Mcleod Bethune Middle School and Academy For Multiligual Arts And Science At Mervyn M. Dymally High. 439 West 71st Street is a 13-bed, 8-bath, 4,277 sqft multi-family home built in 2024.

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 On Track Property, Isaac Davidi, DRE #01819489

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.