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439 W 71St St, Los Angeles, CA 90003
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439 W 71St St Los Angeles, CA 90003

$1,600,000
  • 13 Beds
  • 8 Baths
  • 4,277 Sq.Ft.
For Sale
$1,600,000 Get Pre-Qualified
Map preview of 439 W 71St St, Los Angeles, CA 90003

Property Overview: 439 W 71St St Los Angeles, CA has 13 bedrooms, 8 bathrooms, 4,277 living square feet and 5,107 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: Unheard of 7% CAP RATE!!! Real rents, real tenants, currently occupied! Do not miss this great investment opportunity. This NON RENT CONTROLLED duplex + adu is made up of two huge 5 bed/3 bath units & one detached 3 bed bath unit. This property is an unbeatable opportunity for investors to have immediate easy cash flow. Property itself is brand new condition, built in 2023, and comes with six spacious parking spots, brand new appliances, and spacious floor plans. Do not miss this opportunity!

Listed by Isaac Davidi | BRE #01819489 | On Track Property
Last checked: 4 minutes ago | Last updated: April 18th, 2024 | Source CRMLS | DOM: 75
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Home details

Lot Sq. Ft
5,107
HOA Dues
$0/mo
Year built
2024
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24353091
City
Los Angeles
County
Los Angeles
Time on Site
95 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $3,800
  • Total Rent: $3,800
  • Pro Forma/Market Rent: $3,700
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 5
  • # of Baths: 3
  • Furnishing: Unfurnished
  • Actual Rent: $4,200
  • Total Rent: $4,200
  • Pro Forma/Market Rent: $4,200
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 5
  • # of Baths: 3
  • Furnishing: Unfurnished
  • Actual Rent: $4,200
  • Total Rent: $4,200
  • Pro Forma/Market Rent: $4,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6.66%
  • Gross Rent Multiplier: 11.27
  • Gross Scheduled Income: --
  • Net Operating Income: $109,800
  • Gross Operating Income: $146,400
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 439 W 71St St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • No Heating
  • None
Kitchen Information
  • Has Appliances
  • Refrigerator, Oven
Interior Features
  • Levels: Multi/Split
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Carport
Lot Information
  • Lot Size Source: Owner
Property Information
  • Total # of Units: 3
  • Parcel Number: 6013028011
  • Year Built Source: Builder
  • Foundation Details: Slab
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Heading south on S Figueroa St, turn left onto W 71st St, the destination is on your left
View more facts & features

Local Los Angeles Agent

Sale History for 439 W 71St St

Last sold for $500,000 on November 3rd, 2022

  • January, 2024

  • Jan 30, 2024

    Date

    Active

    CRMLS: 24353091

    $1,649,500

    Price

  • November, 2022

  • Nov 3, 2022

    Date

    Sold

    CRMLS: IN22212543

    $500,000

    Price

  • Sep 30, 2022

    Date

    Active

    CRMLS: IN22212543

    $515,000

    Price

  • Listing provided courtesy of CRMLS

    Looking for a home to call your own? This centrally located quaint and charming bungalow on a nice block offers a great opportunity in need of some TLC to make it your own. This 3 bedroom, 1 bathroom home is suitable for anyone. The living room has a fireplace and custom built-in cabinets. The kitchen is also spacious with a small dining area and a utility room with laundry connections. It is perfect for a family / first time buyer looking for a home and/or investor looking for a buildable R2 lot for developing multi-family units. Minutes away from USC, Los Angeles Coliseum, Downtown L.A. and public transportation.

  • September, 1998

  • Sep 2, 1998

    Date

    Sold (Public Records)

    Public Records

    $95,000

    Price

Show More

Tax History for 439 W 71St St

Assessed Value (2020): $136,158
Year Land Value Improved Value Assessed Value
2020 $108,934 $27,224 $136,158

Home Value Compared to the Market

This property vs the competition

439 W 71St St is listed 30.61% higher than the median list price for the city of Los Angeles which has a median list price of $1,225,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $374.09 per/sqft which puts the price per square foot 51.67% lower than the median price per square foot for the city of Los Angeles.

About 439 W 71St St

Detailed summary of property

439 W 71St St is a multi family located in Los Angeles, CA 90003 and is currently for sale. This multi family property offers 13 bedrooms, 8 bathrooms, roughly 4,277 living square feet, and sits on an approximately 5,107 square foot lot. 439 W 71St St was first listed on ArdentRealEstateGroup.com on January 31, 2024. The homeowner is currently asking $1,600,000 and was originally asking $1,649,500. The median priced home in Los Angeles is $1,225,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 30.61% higher than the median priced home. Local competing homes currently for sale include 8417 S Halldale Ave, 961 W 47th St and 834 E 85th St. While the average home in Los Angeles, CA is selling in 96 days, 439 W 71St St has a days on market of 75 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 439 W 71St St Los Angeles, CA 90003 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 439 W 71St St

Public county record property details
Beds
3
Baths
1
Year built
1921
Sq. Ft.
1,072
Lot Size
5,106
Stories
--
Type
Single Family Residential
Pool
No
Spa
No
County
Los Angeles
Lot#
30
APN
6013-028-011

The source for these homes facts are from public records.

90003 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$580,000
Median List Price/Sq.Ft.
$580
Median Sold Price
$540,000
Median Sold Price/Sq.Ft.
$534
Total Inventory
38
Median Sale to List Price %
100%
Avg Days on Market
66
Loan Type
Conventional (0%), FHA (66.67%), VA (0%), Cash (0%), Other (16.67%)

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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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