Back To Search
3994 La Salle Avenue
Los Angeles, CA 90062
Sold
3994 La Salle Avenue
Los Angeles, CA 90062
Sold
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.
PROPERTY INFORMATION
| MLS # | OC24036012 | Lot Size | 6,448 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Quadruplex |
| Price | $ 2,400,000
Price Per SqFt: $ 333 |
DOM | 514 Days |
| Address | 3994 La Salle Avenue | Type | Residential Income |
| City | Los Angeles | Sq.Ft. | 7,199 Sq. Ft. |
| Postal Code | 90062 | Garage | N/A |
| County | Los Angeles | Year Built | 2022 |
| Bed / Bath | 12 / 0 | Parking | N/A |
| Built In | 2022 | Status | Closed |
| Sold Date | 2024-06-20 |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Gas Dryer Hookup, Washer Hookup |
| Has Fireplace | No |
| Fireplace Information | None |
| Has Appliances | Yes |
| Kitchen Appliances | Dishwasher, Gas Oven, Gas Range, Gas Cooktop, Range Hood, Tankless Water Heater |
| Has Heating | Yes |
| Heating Information | Central |
| Room Information | Attic, Entry, Family Room, Laundry, Living Room, Main Floor Bedroom, Multi-Level Bedroom |
| Has Cooling | Yes |
| Cooling Information | Central Air, Dual |
| Flooring Information | Wood |
| InteriorFeatures Information | Granite Counters, Open Floorplan, Recessed Lighting, Storage, Tandem |
| EntryLocation | Ground Floor |
| Entry Level | 1 |
| Has Spa | No |
| SpaDescription | None |
| WindowFeatures | Blinds, Double Pane Windows |
| SecuritySafety | Automatic Gate, Carbon Monoxide Detector(s), Fire and Smoke Detection System, Fire Sprinkler System, Firewall(s), Gated Community, Security System, Smoke Detector(s) |
EXTERIOR FEATURES
| ExteriorFeatures | Lighting, Rain Gutters |
| FoundationDetails | Slab |
| Roof | Composition |
| Has Pool | No |
| Pool | None |
| Has Fence | Yes |
| Fencing | Wood, Wrought Iron |
WALKSCORE
Walk Score: 81 (Very Walkable)
Transit Score: 63 (Good Transit)MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $2,560
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 06/20/2024 | Sold | $2,370,000 |
| 05/30/2024 | Active Under Contract | $2,400,000 |
| 05/09/2024 | Pending | $2,400,000 |
| 03/25/2024 | Relisted | $2,400,000 |
| 03/14/2024 | Relisted | $2,400,000 |
| 02/21/2024 | Listed | $2,400,000 |
Topfind Realty
REALTOR®
(844)-333-8033
Questions? Contact today.
Interested in buying or selling a home similar to 3994 La Salle Avenue?
Listing provided courtesy of Drew Dunn, Four Brothers Real Estate, Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
