$ 1,150,000
5400 Thornburn ST Los Angeles, CA 90045
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$ 1,150,000
Est. payment /mo
Active Under Contract
5400 Thornburn ST Los Angeles, CA 90045
4 Beds
3 Baths
2,087 SqFt
UPDATED:
09/30/2024 06:46 PM
Key Details
Property Type Multi-Family
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 2,087 sqft
Price per Sqft $551
MLS Listing ID 23330081
Bedrooms 4
HOA Y/N No
Year Built 1950
Lot Size 0.297 Acres
Property Description
This is a unique opportunity to buy a triplex in high-in-demand Westchester, with 2 of 3 units delivered vacant. Located on a large 12,929 SF lot that's zoned LAR3, there's even more development potential as the Seller owns and is selling 1.49 acres of vacant land located directly behind 5400 Thornburn Street for $850,000. The triplex and vacant land can be sold together or separate, and Seller Financing may be available for both. Tenants are centrally located near the 405 Freeway Entrance/Exits and Metro Lines, and just minutes away from SoFi Stadium, Intuit Dome, Hollywood Park Casion, The Forum, Playa Vista, Kenneth Hahn, and much more. The next owner can consider doing a lot line adjustment between the triplex and vacant land to connect the two and create a large parcel assemblage for re-development. There are 3 on-site garages that can be explored converting into a large ADU to turn the triplex into 4 units and add substantial income. Tenants pay for gas, electricity and trash, and Landlord pays for water & sewer.
Location
State CA
County Los Angeles
Area C29 - Westchester
Zoning LAR3
Interior
Heating Wall Furnace
Fireplace No
Exterior
Garage Assigned, Door-Single, Garage
Attached Garage Yes
Total Parking Spaces 3
Building
Story 1
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 4103022001
Special Listing Condition Standard
Listed by Jonathan Rawson • Avenue Realty Group