3517 Montclair St, Los Angeles, CA 90018
3517 Montclair St, Los Angeles, CA 90018
3517 Montclair St, Los Angeles, CA 90018
6
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$1,625,000
Est. payment /mo
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8 Beds
8 Baths
5,496 SqFt
Price Dropped by $75K

3517 Montclair St Los Angeles, CA 90018

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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,496 sqft

Price per Sqft $295

MLS Listing ID 25628249

Bedrooms 8

Year Built 1923

Lot Size 0.252 Acres

Acres 0.2525

Property Sub-Type Multi-Family

Property Description

3517 Montclair Street presents a rare opportunity to acquire an eight 700 SF bungalow-style units in the rapidly revitalizing West Adams and Jefferson Park corridor. The units are arranged around an open central courtyard,offering inherent charm, strong renter appeal, and great in-place income supported by a current 5.87% cap rate. 3 units can be delivered vacant, and there are 2 garages which have the potential to be converted, one of which has recently been fully remodeled and in brand new condition. With a low cost basis of $203,125 per unit and $296 per square foot, investors gain immediate cash flow with clear upside through rental growth and optional ADU conversion of two existing garages. The surrounding neighborhood continues to benefit from new dining, transit improvements, and active mixed-use development, positioning this asset for durable long-term appreciation.

Location

State CA

County Los Angeles

Area Mid Los Angeles

Zoning LAR1

Rooms

Other Rooms Shed(s)

Interior

Heating Other

Cooling Other

Equipment None

Exterior

Parking Features None

Building

Level or Stories One

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by Zacuto Group

NEARBY SCHOOL & BUSINESS

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Roddy de la Garza

Roddy de la Garza

Broker Associate / Area Leader | License ID: CA 01995374 / TX 431113

+1(323) 696-5375

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3517 Montclair St