3119 W 71st, Los Angeles, California 90043, Los Angeles, 90043 - bed, bath
ACTIVE$1,095,000$3,031/sqft
3119 W 71st, Los Angeles, California 90043
0Bed
0Bath
3,031Sqft
4,325Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Great Schools: High School: Middle College High School (9/10).
Top Cons:
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.
Compared to the nearby listings
Price:$1.09M vs avg $775.0K (+$320,000)89%
Size:3,031 sqft vs avg 1,808 sqft89%
Price/sqft:$361 vs avg $39244%
More Insights
Built in 1965 (61 years old).
Condition: 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.
Year Built
1965
Close
-
List price
$1.09M
Original List price
$1.09M
Price/Sqft
$361
HOA
-
Days on market
-
Sold On
-
MLS number
SB26009229
Home ConditionFair
Features
Patio
View-
About this home
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
A
Aaron Jacobson
Listing Agent
Nearby schools
2/10
Yes Academy
Public,•K-5•0.3mi
1/10
Lane (Warren) Elementary School
Public,•K-6•0.7mi
3/10
Seventy-Fourth Street Elementary School
Public,•K-5•0.7mi
2/10
Fifty-Ninth Street Elementary School
Public,•K-5•0.9mi
4/10
Centinela Elementary School
Public,•K-6•1.1mi
3/10
Angeles Mesa Elementary School
Public,•K-5•1.4mi
2/10
Fifty-Fourth Street Elementary School
Public,•K-5•1.4mi
3/10
Windsor Hills Math Science
Public,•K-5•2.1mi
2/10
Forty-Second Street Elementary School
Public,•K-5•2.1mi
1/10
Horace Mann Junior High School
Public,•6-8•0.9mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•2.1mi
2/10
Audubon Middle School
Public,•6-8•2.3mi
2/10
Crozier (George W.) Middle School
Public,•7-8•2.5mi
/10
Monroe (Albert F.) Middle School
Public,•6-8•2.5mi
3/10
Parent (Frank D.) Elementary School
Public,•K-8•2.8mi
1/10
Crenshaw Science, Technology, Engineering, Math And Medicine Magnet
Public,•9-12•1.5mi
2/10
Inglewood High School
Public,•9-12•1.9mi
2/10
George Washington Preparatory High School
Public,•9-12•2.9mi
9/10
Middle College High School
Public,•9-12•5.6mi
Price History
Date
Event
Price
05/15/25
Sold
$600,000
Condition Rating
Fair
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.
Pros & Cons
Pros
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.
Strong Projected Cap Rate: With an impressive projected 6.45% Cap Rate before ADU construction and 7.53% after, this asset promises robust financial returns for investors.
Booming Submarket Location: Situated in a rapidly growing area near major developments like SoFi Stadium and Intuit Dome, ensuring strong rental demand and potential for long-term appreciation.
Upgraded Electrical Systems: The property features upgraded electric main and subpanels, reducing immediate capital expenditure for a new owner and ensuring ease of management for future tenants.
Cons
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.
Lower-Rated Nearby Schools: Several public schools in close proximity have lower ratings (1-2), which might be a consideration for owner-users or families prioritizing top-tier educational institutions.
Ambiguous Square Footage: The description notes 'THE SF REFLECTED REPRESENTS THE ADU CONVERSION,' which could cause confusion regarding the actual square footage of the existing units versus the total projected square footage after ADU completion, requiring further clarification.