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Listing 11 out of 55
$1,100,000 Pending

5421 Thornburn Street
Los Angeles, CA 90045

4 beds | Residential Income
1,880 sq ft - MLS# 18407622
Property Photo
1/5

Description

CBRE presents the Kittyhawk-Thornburn Assemblage, an extremely rare and unique opportunity to develop a multifamily asset within a Tier 1 Transit Priority Area in the City of Los Angeles. 5421 Thornburn St. is owner-occupied and will be delivered completely vacant at COE. The two combined R3 lots allow an investor to build up to 26-units utilizing LA City's TOC density bonus. The subject property is walking distance to a large commercial center including restaurants and retail stores. Easy access to all major lines of transit including 405 FWY and LAX Airport. Over the past 12 months, this neighborhood has undergone a large amount of new construction, with property and rental values in Westchester continuing to increase. Please contact Broker for Offering Memorandum.

Features

  • Property Type: Residential Income
  • Sub Type: Duplex
  • Listing Status: Pending
  • County/Area: Los Angeles County
  • Zip Code: 90045
  • Year Built: 1952
  • Subdivision/Neighborhood: Westchester (C29)
  • Sq.Ft.: 1,880 sq ft
  • Stories: 2-Story
  • Bedrooms: 4
  • # of Parking Spaces: 2
  • Zoning: LAR3
  • Adjusted Gross Income: 60528.00
  • Agent License Number: 01815802
  • Appliances: Dishwasher, Electric Dryer Hookup, Gas Dryer Hookup, Gas Or Electric Dryer Hookup
  • City Code: 10000058287
  • Cooling Type: Wall Unit(s), Wall or Window Units, Window Unit(s)
  • Expense Total Annual: 25042.00
  • Gross Operating Income: 62400.00
  • Gross Rent Multiplier: 17.00
  • Heating Fuel: Wall Gas
  • Heating Type: Wall Heater, Wall Electric, Wall Gas
  • Lot Size SQ FT: 5725
  • Lot Size Source: Vendor Enhanced
  • Net Operating Income: 35487.00
  • Number Of Buildings: 1
  • Parking Features: Driveway
  • Parking Type: Garage - Two Door
  • Square Footage Source: Vendor Enhanced
  • Total Floors: 2
  • Unit Furnished01: Unfurnished
  • Unit Furnished02: Unfurnished
  • Unit Furnished03: Partially
  • Unit Furnished04: Partially
  • Unit Furnished05: Partially
  • Unit Furnished06: Partially
  • Unit Furnished07: Partially
  • Unit Furnished08: Partially
  • Unit Furnished09: Partially
  • Unit Furnished10: Partially
  • Unit Furnished11: Partially
  • Unit Furnished12: Partially
  • Unit Furnished13: Partially
  • Unit Monthly Rent01: 2600.00
  • Unit Monthly Rent02: 2600.00
  • Unit Number Of Bath01: 1.0
  • Unit Number Of Bath02: 1.0
  • Unit Number Of Bed01: 2
  • Unit Number Of Bed02: 2
  • Units In Complex: 2
  • Water Heaters YN: Yes
Courtesy of Cb Richard Ellis, Inc., Adam Peterson (CalBRE: 01815802)


Gail Mercedes Cole (310) 853-9933

The Hills Premier Realty
9595 Wilshire Blvd, Ste #900, Beverly Hills, CA 90212
Beverly Hills, CA 90212

This is not intended as a solicitation of prospective buyers or sellers who already have an exclusive agency agreement with another agent. All information deemed accurate but not guaranteed, CalDRE#00788828
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