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3500 Cimarron St, Los Angeles, CA 90018
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3500 Cimarron St Los Angeles, CA 90018

$1,450,000
  • 6 Beds
  • 3 Baths
  • 2,484 Sq.Ft.
For Sale
$1,450,000 Get Pre-Qualified
Map preview of 3500 Cimarron St, Los Angeles, CA 90018

Property Overview: 3500 Cimarron St Los Angeles, CA has 6 bedrooms, 3 bathrooms, 2,484 living square feet and 5,489 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: We're excited to present 3500 Cimarron St, a prime investment opportunity offering a low-maintenance addition to your portfolio. This property features three units, each with two (2) bedrooms and one (1) bathroom. It also includes a spacious parking area with the potential to add an ADU for additional income (buyer to verify). The property was just painted, had new heating systems installed, re-roofed in 2017 and 2/3 of the units have been updated. Fully occupied and generating a total monthly income of $8,464 (rental increases available for all units at the beginning of next year) and minimal expenses, Cimarron is located in a thriving, up-and-coming area that promises future growth and development opportunities for any buyer. Please do not disturb the tenants.

Listed by Austin Muller | BRE #01931334 | Skylight Real Estate Advisors, Inc.
Last checked: 14 minutes ago | Last updated: August 22nd, 2024 | Source CRMLS | DOM: 46

Home details

Lot Sq. Ft
5,489
HOA Dues
$0/mo
Year built
1945
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24422163
City
Los Angeles
County
Los Angeles
Time on Site
47 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $3,052
  • Total Rent: $3,052
  • Pro Forma/Market Rent: $3,052
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,452
  • Total Rent: $2,452
  • Pro Forma/Market Rent: $3,052
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,960
  • Total Rent: $2,960
  • Pro Forma/Market Rent: $3,052
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.6%
  • Gross Rent Multiplier: 14.28
  • Gross Scheduled Income: --
  • Net Operating Income: $86,316
  • Gross Operating Income: $101,568
Annual Expense Breakdown
  • Total Operating Expense: --
  • New Taxes: $886
  • Gardener: $100
  • Insurance: $185
  • Water/Sewer: $100

Open Houses for 3500 Cimarron St

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Property Details for 3500 Cimarron St

Interior Features
Kitchen Information
  • Has Appliances
  • Refrigerator
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 3
  • Has Parking
  • Parking Features: Assigned, Driveway
Property Information
  • Total # of Units: 3
  • Parcel Number: 5042030043
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Google Maps
View more facts & features

Local Los Angeles Agent

Sale History for 3500 Cimarron St

View property's historical transactions

  • August, 2024

  • Aug 2, 2024

    Date

    Active

    CRMLS: 24422163

    $1,450,000

    Price

  • February, 2021

  • Feb 28, 2021

    Date

    Expired

    CRMLS: SR20158913

    $849,000

    Price

  • Oct 13, 2020

    Date

    Price Change

    CRMLS: SR20158913

    $849,000

    Price

  • Aug 7, 2020

    Date

    Active

    CRMLS: SR20158913

    $899,000

    Price

  • Listing provided courtesy of CRMLS

    Great INVESTMENT Property! Opportunity to acquire 3 units in the Jefferson Park area with excellent upside potential. This asset presents 3 total units, 2 occupied units, PERFECT for FIRST TIME HOME BUYERS! Three, 2 bed / 1 bath units. The property is gated with plenty of parking. PLEASE DO NOT DISTURB TENANTS, DO NOT walk the property. SHOWINGS BY APPOINTMENT ONLY.

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Tax History for 3500 Cimarron St

Assessed Value (2020): $98,635
Year Land Value Improved Value Assessed Value
2020 $42,211 $56,424 $98,635

Home Value Compared to the Market

This property vs the competition

3500 Cimarron St is listed 20.83% higher than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768 and this home is listed at $583.74 per/sqft which puts the price per square foot 23.99% lower than the median price per square foot for the city of Los Angeles.

About 3500 Cimarron St

Detailed summary of property

3500 Cimarron St is a multi family located in Los Angeles, CA 90018 and is currently for sale. This multi family property offers 6 bedrooms, 3 bathrooms, roughly 2,484 living square feet, and sits on an approximately 5,489 square foot lot. 3500 Cimarron St was first listed on ArdentRealEstateGroup.com on August 2, 2024. The homeowner is currently asking $1,450,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $768. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 20.83% higher than the median priced home. Local competing homes currently for sale include 3017 W 36th St, 2939 Brighton Ave and 2122 6th Ave. While the average home in Los Angeles, CA is selling in 106 days, 3500 Cimarron St has a days on market of 46 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 3500 Cimarron St Los Angeles, CA 90018 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 3500 Cimarron St

Public county record property details
Beds
6
Baths
3
Year built
1945
Sq. Ft.
2,484
Lot Size
5,487
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
30
APN
5042-030-043

The source for these homes facts are from public records.

90018 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$999,800
Median List Price/Sq.Ft.
$640
Median Sold Price
$1,040,000
Median Sold Price/Sq.Ft.
$672
Total Inventory
62
Median Sale to List Price %
104.1%
Avg Days on Market
38
Loan Type
Conventional (22.22%), FHA (11.11%), VA (0%), Cash (22.22%), Other (22.22%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.

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