3994 S La Salle Avenue Los Angeles, CA $ 2,400,000
3994 S La Salle Avenue
$ 2,400,000
New Construction
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3994 S La Salle Avenue

Los Angeles, CA, 90062
$ 2,400,000
Bedrooms12 Baths12.2 Sq 7,199

Monthly Estimate*

$ 16,765

Listed by Four Brothers Real Estate
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Multi-Family Home for sale in Los Angeles, CA

for $2,400,000 with 12 bedrooms and 12 full baths, 2 half baths. This 7,199 square foot home was built in 2022 on a lot size of 0.148.

Introducing this stunning new construction quadplex, proudly green-certified, nestled in the vibrant city of Los Angeles! Merely 1.3 miles from USC, an easy 6-minute bike ride away, this prime property boasts four units, each featuring 3 bedrooms. Among these, two units offer 3.5 bathrooms, while the remaining two include 3 bathrooms, totaling 12 bedrooms and 13 bathrooms. Experience unparalleled luxury with upscale finishes and impeccable construction quality, all under a current cap rate of 5.38%. Each unit is separately metered, ensuring the landlord incurs no utility expenses. Moreover, seize the opportunity to transform the four-car tandem garage into an ADU (accessory dwelling unit) without the need for additional parking, potentially elevating the pro forma cap rate to 7.31%. By converting the side-by-side garage, a second ADU could be established, adding an extra 1-2-bedroom unit to significantly boost the cap rate. This presents an opportunity to potentially achieve a cap rate exceeding 8%, an unprecedented feat in new construction within this rapidly growing area. This customizable ADU could serve as a lucrative income source or a private living space, complete with kitchen, bathroom, and living area. Discover generously sized bedrooms with ample closet space and sleek, modern bathrooms. The open floor plans boast spacious living rooms, dining areas, and gourmet kitchens equipped with stainless steel appliances and quartz countertops. Enjoy the convenience of a private yard, in-unit laundry, central HVAC, and fully paid-off solar panels.This property offers a unique blend of contemporary amenities, cost-saving features, and income potential, making it a savvy investment choice in Los Angeles' thriving rental market. Benefit from its prime location with easy access to major roads, freeways, public transportation, and nearby amenities such as Starbucks, Exposition Park, Los Angeles Memorial Coliseum, and the Crypto Arena. Don't miss out on the opportunity to earn positive cash flow, leverage new construction tax benefits, minimize maintenance costs, and witness appreciation in one of Los Angeles' most historically robust markets.

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Multi-Family Active

Price

$ 2,400,000

Bedrooms

12

Full Bath

12

Half Bath

2

Property Type

Multi-Family

Taxes

$ 0

Style

Contemporary

Lot Size

0.148

Year Built

2022

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

OC24036012

Days on Market

75

Features
General
Interior Features GraniteCounters OpenFloorplan RecessedLighting Storage Tandem Attic BedroomonMainLevel
Sewer PublicSewer
Heating Central
Cooling CentralAir Dual
Utilities ElectricityConnected NaturalGasAvailable SewerConnected WaterConnected
Roof Composition
Appliances Dishwasher GasCooktop GasOven GasRange RangeHood TanklessWaterHeater
Exterior Features Lighting RainGutters
HOA 0.0
Garage Spaces 0.0
Architectural Style Contemporary
Pool Features None
Security Features SecuritySystem CarbonMonoxideDetectors FireDetectionSystem Firewalls FireSprinklerSystem SecurityGate GatedCommunity SmokeDetectors
Construction Materials AluminumSiding Drywall Concrete Plaster WoodSiding
Year Built 2022
Electric PhotovoltaicsSellerOwned Standard
View CityLights Canyon Mountains Neighborhood
Levels ThreeOrMore
Property SubType Quadruplex
Gross Income 173400.0
Community Features StreetLights Sidewalks Gated
Accessibility None
County Los Angeles
Net Operating Income 130363.0
Operating Expense 36101.0
Insurance Expense 3600.0
New Construction Y
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Facing Direction South
Garage Y/N N
Special Listing Conditions Standard
Status Active
Directions W on Martin Luther King Blvd and Right on La Salle Ave
City Los Angeles
Entry Location Ground Floor
View Y/N Y
Senior Community Y/N N
Total Units 4
MLS Area C34 - Los Angeles Southwest
Lot Size Square Feet 6448.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name La Salle
Listing Terms Submit
Spa Features None
Property Attached Y/N Y
Land Lease Y/N N
Electric Expense 0.0
Home Warranty Y/N N
Fuel Expense 0.0
Property Condition UpdatedRemodeled
Trash Expense 0.0
Water Sewer Expense 0.0
Ok to Lease Item12Months
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N Y
Virtual Tour https://govirtuality.com/tour/3994lasalleave/ https://3dvirtuality.net/tour/3994lasalleave/
Days on Market 22
Building Area Units SquareFeet
Standard Status Active
Year Built Source Builder
Tax Lot 44
Property Sub Type Additional Quadruplex
Expected Active Date 2024-02-22
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Interior
Flooring Wood
Fireplace Features None
Total Stories 3
Common Walls Item2CommonWalls
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Window Features Blinds DoublePaneWindows
Fireplace Y/N N
Street Suffix Avenue
Laundry Features WasherHookup GasDryerHookup
Entry Level 1
Electric On Property Y/N N
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Exterior
Fencing Wood WroughtIron
Parking Features Assigned Garage Tandem
Lot Features Item01UnitAcre
Water Source Public
Total Parking 0.0
Inclusions Dishwasher Stove and Refrigerator
Lot Size Area 6448.0
Foundation Details Slab
Number of Buildings 2
Spa N
Building Area Total 7199.0
Lot Size Acres 0.148
Road Surface Type Paved
Lot Size Units SquareFeet
Lot Size Source Builder
Number of Separate Water Meters 4
Number of Separate Gas Meters 4
Number of Separate Electric Meters 4
Road Frontage Type CityStreet
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 3994
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* Excluded Features
List By
Four Brothers Real Estate

Broker

(949) 413-7911

Phone

Affordability Calculator

$16,765
Per Month
100%
0%
0%
Monthly Principal & Interest
$16,765
Monthly Property Taxes
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Monthly Home Insurance
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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/22/2024$2,400,000 Listed Price

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3994 S La Salle Avenue, Los Angeles, CA, 90062 is a Multi-Family Home for sale at $2,400,000 with 7,199 sqft and a lot size of 0.148. 3994 S La Salle Avenue has 12 bedrooms, 12.2 baths, and was built in 2022. The property's zip code is 90062 which is in Los Angeles, CA