3120 W 71st Street, a well-maintained 6-unit multifamily investment opportunity located in a rapidly evolving pocket of Los Angeles. Built in 1990, this rare offering is exempt from the City of Los Angeles Rent Stabilization Ordinance (RSO), providing investors with increased flexibility and long-term upside potential.The property is comprised of six spacious 2-bedroom / 1-bathroom units, each averaging approximately 864 square feet. All units are separately metered for gas and electricity, and each has a dedicated water heater, reducing owner expenses and operational complexity. The building also features copper plumbing and a storage room with washer/dryer hookups not currently in use offering further income or amenity potential for a new owner. Sitting on a 7,992 square foot lot, the property includes 8 gated surface parking spaces at the rear of the building, offering convenience and security for tenants. With a current cap rate of 6.71% and a GRM of 9.98, the investment presents strong in-place cash flow with room to grow. Additionally, there is potential to build one or more ADUs (buyer to verify), providing further value-add opportunity in a supply-constrained market. Strategically located near major entertainment and transportation hubs including SoFi Stadium, the Kia Forum, the upcoming Intuit Dome, and a growing collection of dining and retail destinations – 3120 W 71st Street stands to benefit from continued neighborhood appreciation and infrastructure investment.With its desirable unit mix, non-RSO status, strong financials, and ADU potential, 3120 W 71st Street represents a compelling, turn-key investment opportunity in the heart of Los Angeles.
Property Details
Price:
$1,850,000
MLS #:
25543037
Status:
Active
Baths:
0
Address:
3120 W 71st Street
Type:
Residential Income
Neighborhood:
phhtparkhillsheights
City:
Los Angeles
Listed Date:
May 23, 2025
State:
CA
ZIP:
90043
Lot Size:
7,992 sqft / 0.18 acres (approx)
Year Built:
1990
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Schools
Interior
Cooling
None
Heating
Wall Furnace
Exterior
Parking Features
Gated
Parking Spots
8.00
Stories Total
2
Financial
Map
Community
- Address3120 W 71st Street Los Angeles CA
- AreaPHHT – Park Hills Heights
- CityLos Angeles
- CountyLos Angeles
- Zip Code90043
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3120 W 71st Street
Los Angeles, CA
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