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Listing Courtesy Of: Skylight Real Estate Advisors, Inc., 310-592-0833, Austin Muller
Local Realty Services Provided By: Keller Williams Realty Larchmont
US / CA / Los Angeles / West University / 3500 Cimarron St
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US / CA / Los Angeles / West University / 3500 Cimarron St
3500 Cimarron St, Los Angeles, CA 90018
6 Beds
3 Baths
sq ft
ac
US / CA / Los Angeles / West University / 3500 Cimarron St

3500 Cimarron St, Los Angeles, CA 90018

Estimation provided by Keller Williams Realty, LLC.
6 Beds
3 Baths
sq ft
ac
Sold
Sold
Open House:
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Property Description

Welcome to 3500 Cimarron St, a prime investment opportunity featuring all government-backed Section 8 tenants. This property consists of three units, each with two (2) bedrooms and one (1) bathroom. It also includes a spacious parking area with potential to add a large ADU for additional income (buyer to verify). The property was just painted, has all new heating systems installed, and was re-roofed in 2017. Two of the three units have been completely updated. This fully occupied property generates $8,680/month in rental income from three Section 8 tenants, with extremely low expenses, providing a very competitive cap rate and NOI on a low-maintenance building. Located in the thriving Jefferson Park neighborhood, with new restaurants and shoppes opening daily, this area promises future growth and development opportunities for any buyer.Please do not disturb the tenants.

Property Details

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Overview
Property Type
Residential Income
Property Size
sq ft
Year Built
1945
Days on Site
152 Days
Parking
3 Parking Spaces
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US / CA / Los Angeles / West University /

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Car-Dependent Walkable Very Walkable
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