$2,400,000

3994 La Salle Avenue, Los Angeles 90062

12

Beds

14

Baths

6,448

Lot Size

4

# Of Units

Listing Agent
Drew Dunn - Four Brothers Real Estate

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.

Facts & Features

MLS® # OC24036012
Price $2,400,000
Bedrooms 12
Bathrooms 14.00
Lot Size 6,448
Year Built 2022
Type Residential Income
Sub-Type Quadruplex
Style Contemporary
Status Active
# Of Units 4

Community Information

Address 3994 La Salle Avenue
Area C34 - Los Angeles Southwest
City Los Angeles
County Los Angeles
Zip Code 90062

Amenities

Utilities Electricity Connected, Natural Gas Available, Sewer Connected, Water Connected
Parking Assigned, Garage, Tandem
Garages Assigned, Garage, Tandem
View City Lights, Mountain(s), Neighborhood, Canyon
Is Waterfront No
Has Pool No
Pool None

Interior

Interior Wood
Interior Features Granite Counters, Open Floorplan, Recessed Lighting, Storage, Attic, Bedroom on Main Level, Tandem
Appliances Dishwasher, Gas Cooktop, Gas Oven, Gas Range, Range Hood, Tankless Water Heater
Heating Central
Cooling Central Air, Dual
Has Basement No
Fireplace No
Fireplaces None
# of Stories 3
Stories Three Or More

Exterior

Exterior Drywall, Concrete, Wood Siding, Aluminum Siding, Plaster
Exterior Features Lighting, Rain Gutters
Lot Description 0-1 Unit/Acre
Windows Blinds, Double Pane Windows
Roof Composition
Construction Drywall, Concrete, Wood Siding, Aluminum Siding, Plaster
Foundation Slab

Additional Information

Date Listed February 21st, 2024
Days on Market 64
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentDrew Dunn
OfficeFour Brothers Real Estate

Listing Map

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