Sold for $1,200,000

Listed by: Lyon Stahl Investment Real Estate, Inc. • Aaron Jacobson • Contact: 310-729-1559

Bought with: Lyon Stahl Investment Real Estate, Inc.

$1,200,000

3438 McKinley Ave, Los Angeles, CA 90011

16beds

8baths

8,816sqft

Multi Family

Built in 1928

-- sqft lot

$1,191,800 Zestimate^®

$136/sqft

$3,607 Estimated rent

Home value

$1,191,800

$1.07M - $1.32M

$3,607/mo

Zestimate^® history

Owner options

List your home for rent

$3,607/mo

Rent Zestimate^®

Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.

Learn more

$3,607/mo

Rent Zestimate^®

Refinance and save

$7,600/mo

Est. payment

Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.

See today's rates

$7,600/mo

Est. payment

Explore your selling options

Work with a Zillow partner agent

Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.

Get started

List with your own agent

Get your home in front of millions of buyers by listing it on Zillow.

Learn how to do it

Sell it yourself

Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).

List your home

What's special

3438 McKinley Ave is a value add opportunity located in the heart of Los Angeles. This well maintained 8-Unit apartment building is comprised of all oversized (8) 2-Bed/1-Bath units with 105% in Rental upside! Currently priced at a 5.35% cap rate, this building stabilizes at a 14.55% cap rate and 5.39 GRM, ideal for any savvy investor to unlock the income potential. Built in 1930, the subject property is an 8 unit apartment spread out over 8,816 Sq. Ft situated on a 6,700 Sq. Ft lot, 3438 McKinley is a unique value-add opportunity in an extremely fast growing rental market of Los Angeles. Priced at $158/Sq. Ft, this building is perfect for any exchange buyer or value add investor to maximize their portfolio. 3438 McKinley is located just minutes from USC, Downtown LA, Gilbert Lindsay Park, Exposition Park, Lucas Museum, Art's District, The Reef, BMO Stadium, LA Live and billions of dollars worth of development pouring into the neighborhood.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 16
Bathrooms: 8

Rooms

Room types: Bedroom

Bedroom

Features: All Bedrooms Down

Bedroom

Features: All Bedrooms Up

Heating

Wall Furnace

Cooling

None

Appliances

Laundry: None

Features

All Bedrooms Up, All Bedrooms Down
Flooring: Laminate
Has fireplace: No
Fireplace features: None
Common walls with other units/homes: 2+ Common Walls

Interior area

Total structure area: 8,816
Total interior livable area: 8,816 sqft

Property

Features

Levels: Two
Stories: 2
Entry location: 2
Pool features: None
Spa features: None

Lot

Size: 6,700 Square Feet
Features: 0-1 Unit/Acre

Details

Parcel number: 5114016011
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family
Attached to another structure: Yes

Condition

New construction: No
Year built: 1928

Utilities & green energy

Electric: Standard
Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: Sidewalks

Location

Region: Los Angeles

Financial & listing details

Price per square foot: $136/sqft
Date on market: 2/18/2025
Cumulative days on market: 116 days
Listing terms: Cash,1031 Exchange
Tenant pays: Electricity

Price history

Date	Event	Price
8/27/2025	Sold	$1,200,000-14%$136/sqft
Source: CRMLS #SB25036159 Report a problem
6/20/2025	Pending sale	$1,395,000$158/sqft
Source: CRMLS #SB25036159 Report a problem
4/17/2025	Price change	$1,395,000-3.8%$158/sqft
Source: CRMLS #SB25036159 Report a problem
3/17/2025	Price change	$1,450,000-3%$164/sqft
Source: CRMLS #SB25036159 Report a problem
3/4/2025	Listed for sale	$1,495,000$170/sqft
Source: CRMLS #SB25036159 Report a problem