$1,270,000
$1,480,000
14.2%For more information regarding the value of a property, please contact us for a free consultation.
6 Beds
4 Baths
3,332 SqFt
SOLD DATE : 10/17/2024
Key Details
Sold Price $1,270,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,332 sqft
Price per Sqft $381
MLS Listing ID 24-415635
Sold Date 10/17/24
Bedrooms 6
Year Built 1949
Lot Size 9,255 Sqft
Acres 0.2125
Property Description
eLAvate, Inc. is pleased to present 5410 Thornburn St., a Bread & butter 4-Plex investor's dream on a large 9,253 square feet lot. The property is 100% occupied features two 2+1's, two 1+1's and a separate garage structure in the rear with 4 individual garages. The sale of the property comes with full RTI plans for the construction of two 2 bedroom additional units above the rear garage structure providing new ownership the ability to increase rental income by as much as $5,400 per month. All tenants are current on rent. One of the two bedroom units (5410 ) has been recently remodeled with a lease term through June 2025 at $2,673 per month and includes an in-unit washer & dryer. The other three units are longer term tenants with rental upside whose rents were increased the allowable 4% in February 2024. All units have individual water heaters. The property is conveniently situated near the 405 freeway and close to LAX airport. 5410 Thornburn is subject to the Los Angeles Rental Stabilization Ordinance (RSO rent control). ** Please do not disturb tenants. ** ** Showings/property tours after submitted offer with proof of funds. **
Location
State CA
County Los Angeles
Area Westchester
Zoning LAR3
Rooms
Other Rooms Other
Interior
Heating Floor Furnace
Cooling Window Unit(s)
Equipment Refrigerator, Range/Oven
Laundry In Unit
Exterior
Garage Assigned, Covered Parking, Driveway, Garage Is Detached
Garage Spaces 4.0
Pool None
Building
Story 2
Level or Stories Multi/Split
Others
Special Listing Condition Standard
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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
Bought with Terra Conejo Properties, Inc.
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