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3120 W 71st St
Los Angeles, CA 90043
Multifamily Property For Sale
·
6 Units
INVESTMENT HIGHLIGHTS
- 6-unit property located in Los Angeles, CA. Unit mix consists of (6) 2BR/1BA units averaging 864 SF.
- Well maintained building with 6 parking spaces under the structure and 2 gated surface spaces in the rear. Potential to build ADU(s) (Buyer to verify)
- Short drive to SoFi Stadium, Kia Forum, Intuit dome, and other dining and retail attractions
- Property built in 1990 and is NOT under the City of L.A. Rent Stabilization Ordinance (RSO). Brand new roof installed at the end of 2025.
- Separately metered for gas and electric. Property if fully leased out providing stable income. Plumbing is copper, separate water heaters.
- Storage room has W/D hookups not being used
EXECUTIVE SUMMARY
The Glaser Group is pleased to present 3120 W 71st Street, a well-maintained 6-unit multifamily investment opportunity located in a rapidly evolving pocket of Los Angeles. Built in 1990, this rare offering is exempt from the City of Los Angeles Rent Stabilization Ordinance (RSO), providing investors with increased flexibility and long-term upside potential.
The property is comprised of six spacious 2-bedroom / 1-bathroom units, each averaging approximately 864 square feet. All units are separately metered for gas and electricity, and each has a dedicated water heater, reducing owner expenses and operational complexity. The building also features copper plumbing, a brand new roof (2025), and a storage room with washer/dryer hookups not currently in use—offering further income or amenity potential for a new owner.
Sitting on a 7,992 square foot lot, the property has 8 gated surface parking spaces at the rear of the building, offering convenience and security for tenants. With a current cap rate of 5.79% and a GRM of 11.03 the investment presents strong in-place cash flow with room to grow. Additionally, there is potential to build one or more ADUs (buyer to verify), providing further value-add opportunity in a supply-constrained market.
Strategically located near major entertainment and transportation hubs—including SoFi Stadium, the Kia Forum, the upcoming Intuit Dome, and a growing collection of dining and retail destinations—3120 W 71st Street stands to benefit from continued neighborhood appreciation and infrastructure investment.
With its desirable unit mix, non-RSO status, strong financials, and ADU potential, 3120 W 71st Street represents a compelling, turn-key investment opportunity in the heart of Los Angeles.
The property is comprised of six spacious 2-bedroom / 1-bathroom units, each averaging approximately 864 square feet. All units are separately metered for gas and electricity, and each has a dedicated water heater, reducing owner expenses and operational complexity. The building also features copper plumbing, a brand new roof (2025), and a storage room with washer/dryer hookups not currently in use—offering further income or amenity potential for a new owner.
Sitting on a 7,992 square foot lot, the property has 8 gated surface parking spaces at the rear of the building, offering convenience and security for tenants. With a current cap rate of 5.79% and a GRM of 11.03 the investment presents strong in-place cash flow with room to grow. Additionally, there is potential to build one or more ADUs (buyer to verify), providing further value-add opportunity in a supply-constrained market.
Strategically located near major entertainment and transportation hubs—including SoFi Stadium, the Kia Forum, the upcoming Intuit Dome, and a growing collection of dining and retail destinations—3120 W 71st Street stands to benefit from continued neighborhood appreciation and infrastructure investment.
With its desirable unit mix, non-RSO status, strong financials, and ADU potential, 3120 W 71st Street represents a compelling, turn-key investment opportunity in the heart of Los Angeles.
PROPERTY FACTS
| Price Per Unit | $308,333 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.18 AC |
| Cap Rate | 5.79% | Building Size | 5,184 SF |
| Gross Rent Multiplier | 11.03 | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1990 |
| Property Subtype | Apartment | Parking Ratio | 1.54/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | LAR3 | ||
| Price Per Unit | $308,333 |
| Sale Type | Investment |
| Cap Rate | 5.79% |
| Gross Rent Multiplier | 11.03 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 5,184 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1990 |
| Parking Ratio | 1.54/1,000 SF |
| Zoning | LAR3 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 6 | - | - |
PROPERTY TAXES
| Parcel Number | 4006-030-006 | Improvements Assessment | $271,065 |
| Land Assessment | $387,241 | Total Assessment | $658,306 |
PROPERTY TAXES
Parcel Number
4006-030-006
Land Assessment
$387,241
Improvements Assessment
$271,065
Total Assessment
$658,306
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