$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
Listing Status Sold
Purchase Type For Sale
Square Footage 3,332 sqft
Price per Sqft $381
MLS Listing ID 24415635
Sold Date 10/17/24
Bedrooms 6
HOA Y/N No
Year Built 1949
Lot Size 9,256 Sqft
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 C29 - Westchester
Zoning LAR3
Interior
Heating Floor Furnace
Fireplace No
Appliance Gas Oven, Refrigerator
Exterior
Parking Features Assigned, Covered, Driveway
Pool None
Attached Garage No
Total Parking Spaces 4
Private Pool No
Building
Story 2
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 4103022002
Special Listing Condition Standard
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Bought with Larry Nease • Terra Conejo Properties, Inc.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "