3901 De Longpre Avenue, Los Angeles, CA 90027

$1,080,000

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List Price
$1,080,000
Price Change
▼ $70,000 1783640149
Status
ACTIVE
MLS#
MB26111565
Year Built
1921
Lot Size
4,351
Acres
0.10
Lot Location
Corner Lot
Days on Market
60
Property Type
Multifamily
Style
Spanish
Property Sub Type
Quadruplex
Stories
Multi Level

Property Description

Los Feliz bordering Silver Lake Forplex - rare opportunity in Franklin Hills to own a 1920s Spanish Colonial Revival 4 unit property in one of Los Angeles’ most sought-after and supply-constrained rental markets.Exisitng rents provide approximately 35% upside through future turnover Positioned on a prominent corner lot along a quiet residential street with phenomenal views this living environment continues to drive strong tenant appeal . Feautures a 2-bedroom / 1-bath unit, Two 1-bedroom /1-bath unit and one studio unit, creating an attractive unit mix above a 6 % cap rate for investors and potential owner-users alike. Features 2 garages, on-site laundry for supplemental income potential. Four tiered units Ideally situated just moments from Los Feliz Village, Sunset Junction, Hyperion corridor, Griffith Park, and some of LA’s most beloved cafes, restaurants, nightlife, and boutique retail destinations, the property continues to benefit from the area’s strong rental demand driven by lifestyle, walkability, and central connectivity. Convenient access to the 2, 5, and 101 freeways further enhances long-term desirability for both tenants and future ownership. Whether you are seeking a generational investment asset, expanding a multifamily portfolio, or securing a trophy character property in a premier Los Angeles neighborhood, 3901 De Longpre Ave presents a compelling opportunity to invest in one of the city’s most enduring and highly coveted rental corridors.

Additional Information

Other Buildings
Shed(s), Workshop
Pool Description
None
Cooling
Yes
Cooling Description
Wall/Window Unit(s)
View
Hills
Sewer
Public Sewer
Water
Public
Attached Structure
Attached
Number Of Units Total
4
Gross Scheduled Income
$90,305
Operating Expense
24500

Listing courtesy of Listing Agent: JOSEPHINE SAN LUCAS (JOSIESANLUCAS@HOTMAIL.COM) from Listing Office: KELLER WILLIAMS LARCHMONT.

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