Keegan Cin | Realtor® | License # DRE 01971604

Property

Los Angeles, CA 90045 5400 Thornburn Street

5400 Thornburn Street Los Angeles, CA - Image 15400 Thornburn Street Los Angeles, CA - Image 25400 Thornburn Street Los Angeles, CA - Image 3
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5400 Thornburn Street Los Angeles, CA - Image 45400 Thornburn Street Los Angeles, CA - Image 55400 Thornburn Street Los Angeles, CA - Image 65400 Thornburn Street Los Angeles, CA - Image 75400 Thornburn Street Los Angeles, CA - Image 8
Presented By: Jonathan Rawson with Avenue Realty Group;
  • MLS# 23330081
  • 11/08/2023
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  • Beds • 4
  • Baths • 3
  • SQFT • 2,087
  • Garage • 1
  • Year Built • 1950

Home Details

This is a unique opportunity to buy a triplex in high-in-demand Westchester, with 2 of 3 units delivered vacant. Located on a large 12,929 SF lot that's zoned LAR3, there's even more development potential as the Seller owns and is selling 1.49 acres of vacant land located directly behind 5400 Thornburn Street for $850,000. The triplex and vacant land can be sold together or separate, and Seller Financing may be available for both. Tenants are centrally located near the 405 Freeway Entrance/Exits and Metro Lines, and just minutes away from SoFi Stadium, Intuit Dome, Hollywood Park Casion, The Forum, Playa Vista, Kenneth Hahn, and much more. The next owner can consider doing a lot line adjustment between the triplex and vacant land to connect the two and create a large parcel assemblage for re-development. There are 3 on-site garages that can be explored converting into a large ADU to turn the triplex into 4 units and add substantial income. Tenants pay for gas, electricity and trash, and Landlord pays for water & sewer.
Presented By: Jonathan Rawson with Avenue Realty Group;

Interior Features for 5400 Thornburn Street

Bedrooms

Total Bedrooms4

Bathrooms

Half Baths0
Total Baths3
1/4 Baths
3/4 Baths

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NYes
Total Stories1

General for 5400 Thornburn Street

Additional Parcels Y/NYes
Attached Garage Yes
Cap Rate4.41
Carport Y/NNo
CityLos Angeles
CountyLos Angeles
DirectionsSouth of La Tijera, North of La Cienega, East of 405
Electric On Property Y/NNo
Full Baths
Garage Y/NNo
Gross Income75240.0
HOANo
HeatingWallFurnace
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsMultiSplit
Lot Size Square Feet12931.0
Lot Size UnitsSquareFeet
MLS AreaC29 - Westchester
MobileHomeRemainsYNNo
Net Operating Income50660.0
New ConstructionNo
Number Of Units Total3
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActiveUnderContract
StatusActiveUnderContract
Tenant PaysElectricity, Gas, TrashCollection
Year Built1950
ZoningLAR3

Exterior for 5400 Thornburn Street

Building Area Total2087.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.2969
Lot Size Area12931.0
Number of Buildings2
Open Parking Y/NNo
Parking FeaturesAssigned, DoorSingle, Garage
Private PoolNo
SpaNo
Total Parking3.0
WaterfrontY/NNo

Additional Details

Price History

Keegan Cin

Team Lead
Price $1,150,000
MLS#23330081
List Date 11/08/2023
Property Type Multi-Family
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