3500 Cimarron Street
Los Angeles, CA, 90018
$1,295,000
Beds
0 Baths
SqFt
0.13 Acres
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Welcome to 3500 Cimarron St, a prime investment opportunity featuring all government-backed Section 8 tenants. This property consists of three units, each with two (2) bedrooms and one (1) bathroom. It also includes a spacious parking area with potential to add a large ADU for additional income (buyer to verify). The property was just painted, has all new heating systems installed, and was re-roofed in 2017. Two of the three units have been completely updated. This fully occupied property generates $8,562/month in rental income from three Section 8 tenants, with extremely low expenses, providing a very competitive cap rate and NOI on a low-maintenance building. Located in the thriving Jefferson Park neighborhood, with new restaurants and shoppes opening daily, this area promises future growth and development opportunities for any buyer.Please do not disturb the tenants.

Property Details

Price:
$1,295,000
MLS #:
25489189
Status:
Active
Baths:
0
Address:
3500 Cimarron Street
Type:
Residential Income
Neighborhood:
phhtparkhillsheights
City:
Los Angeles
Listed Date:
Jan 24, 2025
State:
CA
ZIP:
90018
Lot Size:
5,489 sqft / 0.13 acres (approx)
Year Built:
1945
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Interior

Appliances
Refrigerator

Exterior

Parking Features
Assigned, Driveway
Parking Spots
3.00
Stories Total
2

Financial

Tenant Pays
Cable T V, Electricity, Gas

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3500 Cimarron Street
Los Angeles, CA