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For sale
  • Price cut: $50K (7/9)
    $1,800,000

    3120 W 71st St, Los Angeles, CA 90043

    12beds
    6baths
    5,184sqft
    : 
    Multi Family
    Built in 1990
    -- sqft lot
    $-- Zestimate®
    $347/sqft
    $-- HOA

    What's special

    Copper plumbingDedicated water heater
    3120 W 71st Street, a well-maintained 6-unit multifamily investment opportunity located in a rapidly evolving pocket of Los Angeles. Built in 1990, this rare offering is exempt from the City of Los Angeles Rent Stabilization Ordinance (RSO), providing investors with increased flexibility and long-term upside potential.The property is comprised of six spacious 2-bedroom / 1-bathroom units, each averaging approximately 864 square feet. All units are separately metered for gas and electricity, and each has a dedicated water heater, reducing owner expenses and operational complexity. The building also features copper plumbing and a storage room with washer/dryer hookups not currently in use offering further income or amenity potential for a new owner. Sitting on a 7,992 square foot lot, the property includes 8 gated surface parking spaces at the rear of the building, offering convenience and security for tenants. With a current cap rate of 6.93% and a GRM of 9.71, the investment presents strong in-place cash flow with room to grow. Additionally, there is potential to build one or more ADUs (buyer to verify), providing further value-add opportunity in a supply-constrained market. Strategically located near major entertainment and transportation hubs including SoFi Stadium, the Kia Forum, the upcoming Intuit Dome, and a growing collection of dining and retail destinations - 3120 W 71st Street stands to benefit from continued neighborhood appreciation and infrastructure investment.With its desirable unit mix, non-RSO status, strong financials, and ADU potential, 3120 W 71st Street represents a compelling, turn-key investment opportunity in the heart of Los Angeles.
    73 days
    on Zillow
    |
    42
    |
    2
    |

    Zillow last checked: 7 hours ago

    Listing updated: July 09, 2025 at 09:01am

    Listed by:

    Jake Glaser DRE # 02128816 310-494-6368,

    Lyon Stahl Investment Real Estate, Inc. 310-425-9838,

    Spencer Chan DRE # 02197531 310-259-2181,

    Lyon Stahl Investment Real Estate, Inc.

    Source: CLAW,MLS#: 25543037MLS Logo
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    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 12
    • Bathrooms: 6
    Heating
    • Wall
    Cooling
    • None
    Interior area
    • Total structure area: 5,184
    • Total interior livable area: 5,184 sqft

    Property

    Parking
    • Total spaces: 8
    • Parking features: Gated
    Features
    • Levels: Two
    • Stories: 2
    Lot
    • Size: 7,993.26 Square Feet
    • Dimensions: 47 x 170
    Details
    • Additional structures: None
    • Zoning: LAR3
    • Special conditions: Standard
    • Other equipment: None

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Condition
    • Year built: 1990

    Community & HOA

    Location
    • Region: Los Angeles

    Financial & listing details

    • Price per square foot: $347/sqft
    • Tax assessed value: $645,399
    • Date on market: 5/24/2025
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