3120 W 71St Street, Los Angeles, CA 90043 - Berkshire Hathaway HomeServices California Properties
3120 W 71st Street Los Angeles, CA 90043
$1,800,000 12 beds, 6 baths
5, 184 sqft

Agent Remarks

3120 W 71st Street, a well-maintained 6-unit multifamily investment opportunity located in a rapidly evolving pocket of Los Angeles. Built in 1990, this rare offering is exempt from the City of Los Angeles Rent Stabilization Ordinance (RSO), providing investors with increased flexibility and long-term upside potential.The property is comprised of six spacious 2-bedroom / 1-bathroom units, each averaging approximately 864 square feet. All units are separately metered for gas and electricity, and each has a dedicated water heater, reducing owner expenses and operational complexity. The building also features copper plumbing and a storage room with washer/dryer hookups not currently in use offering further income or amenity potential for a new owner. Sitting on a 7,992 square foot lot, the property includes 8 gated surface parking spaces at the rear of the building, offering convenience and security for tenants. With a current cap rate of 6.93% and a GRM of 9.71, the investment presents strong in-place cash flow with room to grow. Additionally, there is potential to build one or more ADUs (buyer to verify), providing further value-add opportunity in a supply-constrained market. Strategically located near major entertainment and transportation hubs including SoFi Stadium, the Kia Forum, the upcoming Intuit Dome, and a growing collection of dining and retail destinations - 3120 W 71st Street stands to benefit from continued neighborhood appreciation and infrastructure investment.With its desirable unit mix, non-RSO status, strong financials, and ADU potential, 3120 W 71st Street represents a compelling, turn-key investment opportunity in the heart of Los Angeles.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 25543037
List price is $1,800,000 Reduced by $50,000 on 7/9/2025
Beds: 12
Baths: 6
Built in 1990
5,184 sqft
2 stories
0.18 acres
Lot size: 0.1835
County: Los Angeles
Zoning: LAR3
Parking description: Gated
Heating/cooling: None
Heating description: Wall Furnace
MLS area: PHHT - Park Hills Heights

Last Updated: 7/10/2025

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This listing belongs to the PHHT - Park Hills Heights MLS area

Lat/Long: 33.975375, -118.327318.
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Listing Agent: Jake Glaser
Co Listing Agent: Spencer Chan
Lic#: 01234982
Office Name: Mission Viejo

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