3119 W 71st, Los Angeles, California 90043, Los Angeles, 90043 - bed, bath
3119 W 71st
Los Angeles, California 90043
Property Price
SUMMARY
Analysis of 3119 W 71st, Los Angeles, California 90043 is currently available with a list price of $1,095,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
The property, built in 1965, shows signs of recent cosmetic updates such as fresh paint and newer laminate flooring in the living areas and bedrooms. The bathroom has a new vanity, mirror, and modern wall tile, but the tub is old and stained, indicating an incomplete renovation. The kitchen features older white cabinets, laminate countertops, and dated vinyl flooring, with no visible appliances, suggesting it requires significant updates. While electrical panels have been upgraded, the overall condition of key areas like the kitchen and the tub in the bathroom, along with the presence of wall heaters instead of central HVAC, places it in the 'Fair' category, requiring minor updates to enhance its appeal and functionality.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
High School: Middle College High School (9/10).
- High Vacancy for Immediate Income
The property is delivered with 3 out of 4 units vacant, providing an investor with immediate opportunity to lease at market rates and maximize cash flow from day one.
- Approved ADU Plans
The property includes approved plans for a Studio ADU, offering a clear path for value-add development and significantly increasing the projected cap rate to 7.53% upon completion.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3031, other record living area = 2704.
- Recently Sold Property
The property was recently sold within the past year on 2025-05-15. The sold price is $600,000.00.
- Age of Property
Built in 1965, the property's age suggests potential for older infrastructure and systems beyond the noted electrical upgrades, which could lead to future maintenance or renovation costs.
About 3119 W 71st
Delivered with 3 Vacancies! 3119 W 71st St is a 4-plex in one of Los Angeles’ fastest-growing neighborhoods, with 3/4 Units delivered Vacant. The property features an ideal unit mix of (3) 2 Bed/1 Bath and (1) Studio Units. The property has spacious floorplans and upgraded electric main and subpanels, ensuring ease of management for future tenants. Adding even more value, the property comes with approved plans for a Studio ADU, allowing an investor to start construction immediately. Once leased, the property will operate at an impressive 6.45% Cap Rate, before even factoring in the ADU. After construction, the property projects at an impressive 7.53% Cap Rate (including building costs), making this an exceptional investment. Whether you’re an investor or owner-user, this 4+1 unit asset is primed for strong cash flow from day one, with the added potential to increase equity through ADU development. Situated in a booming submarket, 3119 W 71st St is in close proximity to Inglewood, including new developments such as SoFi Stadium, Intuit Dome, Hollywood Park Casino and more, ensuring strong rental demand and long-term appreciation. THE SF REFLECTED REPRESENTS THE ADU CONVERSION
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1965
- Lot Size
- 4,325 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Yes Academy
Grades K-5 • 0.3 mi
Lane (Warren) Elementary School
Grades K-6 • 0.7 mi
Seventy-Fourth Street Elementary School
Grades K-5 • 0.7 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 3,031 | 1,748 | 80% |
| Lot Size | 4,325 | 6,702 | 20% |
| Price | $1.09M | $800.0K | 80% |
| Price per sq ft | $361 | $361 | 50% |
| Built year | 1965 | 1924 | 80% |
| HOA | $0 | $0 | 50% |
| Days on market | 51 | 200 | 20% |
Pricing History
Listed for Sale
Jan 14, 2026
$1,095,000
Initial Listing
Sold
May 15, 2025
$600,000
Public Record