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Sold for $2,370,000
  • Listed by: Four Brothers Real Estate, Inc. • Drew Dunn • Contact: 949-413-7911
    Bought with: Everyday Investment Group Inc
    $2,370,000

    3994 S La Salle Ave, Los Angeles, CA 90062

    12beds
    14baths
    7,199sqft
    Quadruplex
    Built in 2022
    -- sqft lot
    $1,912,100 Zestimate®
    $329/sqft
    $2,617 Estimated rent

    Home value

    $1,912,100

    $1.68M - $2.18M

    $2,617/mo

    Zestimate® history
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    What's special

    Introducing this stunning new construction quadplex, proudly green-certified, nestled in the vibrant city of Los Angeles! Merely 1.3 miles from USC, an easy 6-minute bike ride away, this prime property boasts four units, each featuring 3 bedrooms. Among these, two units offer 3.5 bathrooms, while the remaining two include 3 bathrooms, totaling 12 bedrooms and 13 bathrooms. Experience unparalleled luxury with upscale finishes and impeccable construction quality, all under a current cap rate of 5.38%. Each unit is separately metered, ensuring the landlord incurs no utility expenses. Moreover, seize the opportunity to transform the four-car tandem garage into an ADU (accessory dwelling unit) without the need for additional parking, potentially elevating the pro forma cap rate to 7.31%. By converting the side-by-side garage, a second ADU could be established, adding an extra 1-2-bedroom unit to significantly boost the cap rate. This presents an opportunity to potentially achieve a cap rate exceeding 8%, an unprecedented feat in new construction within this rapidly growing area. This customizable ADU could serve as a lucrative income source or a private living space, complete with kitchen, bathroom, and living area. Discover generously sized bedrooms with ample closet space and sleek, modern bathrooms. The open floor plans boast spacious living rooms, dining areas, and gourmet kitchens equipped with stainless steel appliances and quartz countertops. Enjoy the convenience of a private yard, in-unit laundry, central HVAC, and fully paid-off solar panels.This property offers a unique blend of contemporary amenities, cost-saving features, and income potential, making it a savvy investment choice in Los Angeles' thriving rental market. Benefit from its prime location with easy access to major roads, freeways, public transportation, and nearby amenities such as Starbucks, Exposition Park, Los Angeles Memorial Coliseum, and the Crypto Arena. Don't miss out on the opportunity to earn positive cash flow, leverage new construction tax benefits, minimize maintenance costs, and witness appreciation in one of Los Angeles' most historically robust markets.

    Zillow last checked:

    Listing updated:

    Listed by:

    Drew Dunn DRE #01941825 949-413-7911,

    Four Brothers Real Estate, Inc.

    Bought with:

    Duk Hee Kang, DRE #01980843

    Everyday Investment Group Inc

    Source: CRMLS,MLS#: OC24036012MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 12
    • Bathrooms: 14
    Rooms
    • Room types: Attic, Bedroom, Entry/Foyer, Family Room, Laundry, Living Room
    Bedroom
    • Features: Bedroom on Main Level
    Bedroom
    • Features: Multi-Level Bedroom
    Heating
    • Central
    Cooling
    • Central Air, Dual
    Appliances
    • Included: Dishwasher, Gas Cooktop, Gas Oven, Gas Range, Range Hood, Tankless Water Heater
    • Laundry: Washer Hookup, Gas Dryer Hookup
    Features
    • Granite Counters, Open Floorplan, Recessed Lighting, Storage, Tandem, Attic, Bedroom on Main Level
    • Flooring: Wood
    • Windows: Blinds, Double Pane Windows
    • Has fireplace: No
    • Fireplace features: None
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 7,199
    • Total interior livable area: 7,199 sqft

    Property

    Parking
    • Parking features: Assigned, Garage, Tandem
    Accessibility
    • Accessibility features: None
    Features
    • Levels: Three Or More
    • Stories: 3
    • Entry location: Ground Floor
    • Exterior features: Lighting, Rain Gutters
    • Pool features: None
    • Spa features: None
    • Fencing: Wood,Wrought Iron
    • Has view: Yes
    • View description: City Lights, Canyon, Mountain(s), Neighborhood
    Lot
    • Size: 6,448 Square Feet
    • Features: 0-1 Unit/Acre
    Details
    • Parcel number: 5036029019
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Contemporary
    • Property subtype: Quadruplex
    • Attached to another structure: Yes
    Materials
    • Aluminum Siding, Drywall, Concrete, Plaster, Wood Siding
    • Foundation: Slab
    • Roof: Composition
    Condition
    • Updated/Remodeled
    • New construction: Yes
    • Year built: 2022

    Utilities & green energy

    • Electric: Photovoltaics Seller Owned, Standard
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Connected, Natural Gas Available, Sewer Connected, Water Connected

    Community & HOA

    Community
    • Features: Street Lights, Sidewalks, Gated
    • Security: Security System, Carbon Monoxide Detector(s), Fire Detection System, Firewall(s), Fire Sprinkler System, Security Gate, Gated Community, Smoke Detector(s)
    Location
    • Region: Los Angeles

    Financial & listing details

    • Price per square foot: $329/sqft
    • Date on market: 2/22/2024
    • Cumulative days on market: 52 days
    • Listing terms: Submit
    • Inclusions: Dishwasher, Stove, and Refrigerator
    • Lease term: 12 Months
    • Road surface type: Paved

    Price history

    DateEventPrice
    6/20/2024Sold$2,370,000$329/sqft
    Source: CRMLS #OC24036012 Report a problem
    3/23/2024Listing removed--
    Source: CRMLS #OC24035583 Report a problem
    2/21/2024Listed for rent$3,650$1/sqft
    Source: CRMLS #OC24035583 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: South Los Angeles

    Nearby schools

    GreatSchools rating
    Get a cash offer in 3 minutes
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    Estimated market value
    $1,912,100
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,912,100