Multifamily For Sale

$1,995,000

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3400 Somerset Drive

  • – beds
  • – baths
  • – sqft
  • 6,250 sqft lot
  • 1930 build
  • on site

I am pleased to offer for sale an eight-unit apartment community located at 3400 Somerset Drive. The property consists of one 5,760 square foot building situated on a6,250 square foot parcel. The unit mix is comprised of six one-bedrooms and two two-bedroom units. There are six garage spaces at the rear of the building for parking. West Adams sits in an opportunity zone, making it highly attractive to investors. Developers like CIM Group, 4D Developments and Redcar Properties all have projects under way in this neighborhood. The future of West Adams is drawing comparisons to Abbot Kinney and Highland Park which allows a new investor to benefit from future rent growth and appreciation potential.

CRMLS_CA logo Listing courtesy of CRMLS_CA / Sean Rosenzweig / Marcus & Millichap

Last checked: Checking… • Last updated May 11, 2021 •

MLS# 21719750 —

Amenities & Taxes

The Building

Year Built:
1930
Building Area Total:
5760.00
Number Of Buildings:
1
Total Number Of Units:
8
Stories Total:
2

Location

Directions:
Located West of the Crenshaw and Jefferson Boulevard intersection and only a five-minute walk to the Crenshaw/Exposition Metro, the subject property is located in the West Adams neighborhood of Los Angeles.
Latitude:
34.02525600
Longitude:
-118.33717700

The Property

Zoning:
LACM
Lot Size Area:
6250.0000
Lot Size Acres:
0.1400
Lot Size Square Feet:
6250.00
Lot Size Source:
Assessor

Listing Agent

Contact info:

The Listing

Buyer's Brokerage Compensation:
2.500%
Special Listing Conditions:
Standard
Buyer's Brokerage Compensation:
$2.50
Parcel Number:
5046002004

The Community

Senior Community:
No

Parking

Parking:
Yes
Parking:
Garage - Single Door
Parking Spaces:
6.00
Garage Spaces
6.00

Schools

Rating Details

Virginia Road Elementary School

  • Public
  • K-5
  • 0.2 mi

Susan Miller Dorsey Senior High School

  • Public
  • 9-12
  • 0.5 mi

Johnnie L Cochran Jr Middle School

  • Public
  • 6-8
  • 1.3 mi

GreatSchools scores are based on a scale from 1 to 10, where 10 is above average.

The school service areas are not definitive and should only be used as guidance. GreatSchools Ratings provided by www.greatschools.org

Flood Risk

  • FEMA Zone (est.):
  • Flood insurance:

Get an instant insurance quote

Flood likelihood over time

year probability
1y 1%
5y 6%
10y 11%
15y 15%
20y 19%
25y 23%
30y 27%

Because risk accumulates over time, this property has a 27% chance of flooding within the next 30 years.

Provided by Flood Factor™

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WalkScore®

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Soundscore™

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Loud Moderate Quiet

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AT&T Fiber

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Sale history

Date Event Source Price % Change
4/15/21
Listed / Active CRMLS_CA $1,995,000

Finding records…

No additional history available

If new records are added for this property, we’ll share them here.

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3400 Somerset Drive
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