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3994 La Salle, Los Angeles, California 90062, Los Angeles, 90062 - bed, bath

3994 La Salle, Los Angeles, California 90062 home-pic-0
ACTIVE$2,750,000
3994 La Salle, Los Angeles, California 90062
0Bed
0Bath
7,199Sqft
6,451Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
New Construction & Quality: Built in 2022, this green-certified 'A' building boasts superior new construction quality, upscale finishes, and minimal maintenance, offering long-term durability and appeal.
Top Cons:
High Entry Price Point: The list price of $2.75 million represents a substantial investment, potentially limiting the pool of prospective buyers to those with significant capital.

Compared to the nearby listings

Price:$2.75M vs avg $927.5K (+$1,822,500)94%
Size:7,199 sqft vs avg 2,313 sqft94%
Price/sqft:$382 vs avg $38944%

More Insights

Built in 2022 (3 years old).
Condition: This property is a newly built fourplex from 2022, explicitly described as 'New Construction' with 'upscale finishes & superior new construction quality.' The images confirm modern aesthetics throughout, including kitchens with white shaker cabinets, quartz countertops, and stainless steel appliances, and bathrooms with sleek designs, contemporary vanities, and tiled tub/shower combos. All components appear new, meeting current quality standards with no signs of wear or deferred maintenance, aligning perfectly with the 'excellent' condition criteria.
Year Built
2022
Close
-
List price
$2.75M
Original List price
$2.75M
Price/Sqft
$382
HOA
-
Days on market
-
Sold On
-
MLS number
PW25232172
Home ConditionExcellent
Features
Good View:
View-

About this home

Fantastic and Stunning New Construction Fourplex in the Heart of Los Angeles! Welcome to an exceptional investment opportunity near USC, world-class museums, Exposition Park, the LA Memorial Coliseum, Downtown Los Angeles, the Crypto Arena, premier shopping, and dining. This prime property offers modern living and strong financial performance with a current cap rate of 5.00% with GRM of 15.8. This newly built fourplex is green-certified and categorized as an A building. Showcases four spacious units, each thoughtfully designed with 3 bedrooms. Two units feature 3.5 bathrooms with 1,900 sqft, while the other two offer 3 bathrooms with 1,699.5 Sqft, for a combined total of 12 bedrooms with 13 bathrooms. Key Features: Upscale finishes & superior new construction quality. Each unit separately metered – no utility expenses for landlord. Potential to convert the 4-car tandem garage into an ADU without requiring extra parking, enhancing the proforma cap rate. Open-concept living with bright living rooms, dining areas & gourmet kitchens. Kitchens with quartz countertops & stainless steel appliances. Generously sized bedrooms with ample closets. Modern bathrooms with sleek designs. In-unit laundry & central HVAC. Private yard. Fully paid-off solar panels adding long-term savings & value. This property offers investors positive cash flow potential, new construction, minimal maintenance costs, and long-term appreciation in one of Los Angeles’ most historically strong rental markets. Don’t miss this rare opportunity to own a turnkey, income-generating multi-family asset in a highly desirable location! Inquire today!

Price History

Date
Event
Price
06/18/24
Sold
$2,370,000
08/23/21
Sold
$608,000
Condition Rating
Excellent
This property is a newly built fourplex from 2022, explicitly described as 'New Construction' with 'upscale finishes & superior new construction quality.' The images confirm modern aesthetics throughout, including kitchens with white shaker cabinets, quartz countertops, and stainless steel appliances, and bathrooms with sleek designs, contemporary vanities, and tiled tub/shower combos. All components appear new, meeting current quality standards with no signs of wear or deferred maintenance, aligning perfectly with the 'excellent' condition criteria.
Pros & Cons

Pros

New Construction & Quality: Built in 2022, this green-certified 'A' building boasts superior new construction quality, upscale finishes, and minimal maintenance, offering long-term durability and appeal.
Prime Investment Location: Strategically located near USC, Exposition Park, Downtown LA, and major attractions, ensuring strong rental demand and long-term appreciation in a historically robust rental market.
Strong Financial Performance & Efficiency: Offers a current 5.00% cap rate, positive cash flow potential, and enhanced financial efficiency with separately metered units and fully paid-off solar panels, reducing landlord utility expenses.
Value-Add Opportunity: Significant potential to convert the 4-car tandem garage into an ADU without requiring additional parking, which can substantially increase the proforma cap rate and overall property value.
Modern Amenities & Spacious Units: Each unit features open-concept living, gourmet kitchens with quartz countertops and stainless steel appliances, central HVAC, in-unit laundry, and private yards, appealing to modern tenants.

Cons

High Entry Price Point: The list price of $2.75 million represents a substantial investment, potentially limiting the pool of prospective buyers to those with significant capital.
Potential Parking Constraints: While a 4-car tandem garage is present, converting it to an ADU, despite not requiring extra parking by code, could lead to practical parking challenges for tenants across four units with 12 bedrooms.
Active Property Management: As a fourplex, the property demands more active and involved property management compared to a single-family home, which might be a consideration for passive investors or those new to multi-unit properties.

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