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Active
3517 Montclair Street Los Angeles, CA 90018
5,496 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 5,496 sqft
Price per Sqft $291
MLS Listing ID CL25628249
HOA Y/N No
Year Built 1923
Lot Size 0.252 Acres
Acres 0.2524
Property Sub-Type Other
Property Description
3517 Montclair Street presents a rare opportunity to acquire an eight 700 SF bungalow-style units in the rapidly revitalizing West Adams and Jefferson Park corridor. The units are arranged around an open central courtyard,offering inherent charm, strong renter appeal, and great in-place income supported by a current 5.98% cap rate. 3 units can be delivered vacant, and there are 2 garages which have the potential to be converted, one of which has recently been fully remodeled and in brand new condition. With a low cost basis of $200,000 per unit and $291 per square foot, investors gain immediate cash flow with clear upside through rental growth and optional ADU conversion of two existing garages. The surrounding neighborhood continues to benefit from new dining, transit improvements, and active mixed-use development, positioning this asset for durable long-term appreciation.
Location
State CA
County Los Angeles
Zoning LAR1
Interior
Fireplace No
Building
New Construction No
Others
Tax ID 5051017007
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Listed by Jacob Zacuto • Zacuto Group
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