3120 W 71st St - Apartments FOR SALE


Los Angeles, CA 90043- Park Mesa Heights
$1,850,000 USD
310-494-6368
3120 W 71st St, Los Angeles, CA for Sale
$1,850,000 USD
Apartments - FOR SALE
1/12
null | 6.71% Cap Rate

3120 W 71st St
Los Angeles, CA 90043
Park Mesa Heights


HIGHLIGHTS

  • 6-unit property located in Los Angeles, CA. Property built in 1990 and is NOT under the City of L.A. Rent Stabilization Ordinance (RSO)
  • Well maintained building with 8 gated parking spaces available in the rear of the 7,992 SF lot
  • Unit mix consists of (6) 2BR/1BA units averaging 864 SF. Potential to build ADU(S) (Buyer to verify)
  • Separately metered for gas and electric. Plumbing is copper, separate water heaters
  • Storage room has W/D hookups not being used. Short drive to SoFi Stadium, Kia Forum, Intuit dome, and other dining and retail attractions

OVERVIEW

The Glaser Group is pleased to present 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 6.71% and a GRM of 9.98, 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.

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$357 USD /SF

# OF UNITS

6

PRICE/UNIT

$308,333

CAP RATE

6.71%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1990

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,971 SF

ZONING

LAR3

APN/PARCEL ID

4006-030-006

ASK ABOUT THIS PROPERTY

Jake GlaserLyon Stahl Investment Real EstateMore Info
310-494-6368

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Jake GlaserLyon Stahl Investment Real EstateMore Info
310-494-6368

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.