3517 Montclair ST, Los Angeles, CA 90018
3517 Montclair ST, Los Angeles, CA 90018
3517 Montclair ST, Los Angeles, CA 90018
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Diego Magdaleno

Diego Magdaleno

+1(714) 376-8652
$1,600,000
Est. payment /mo
8 Beds
8 Baths
5,496 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 5,496 sqft

Price per Sqft $291

MLS Listing ID 25628249

Bedrooms 8

HOA Y/N No

Year Built 1923

Lot Size 0.252 Acres

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

Area C16 - Mid Los Angeles

Zoning LAR1

Rooms

Other Rooms Shed(s)

Interior

Fireplace No

Exterior

Parking Features None

Building

Entry Level One

Level or Stories One

Additional Building Shed(s)

New Construction No

Others

Senior Community No

Tax ID 5051017007

Special Listing Condition Standard

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Listed by Jacob Zacuto Zacuto Group #01377441

NEARBY SCHOOLS & PROPERTIES

Diego Magdaleno

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