3602 Dunn Drive
Los Angeles, CA 90034
- – beds
- – baths
- – sqft
- 5,417 sqft lot
- 1987 build
- – on site
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5 units value add in prime West Los Angeles (Palms area). Strong unit mix of (4) 2 Bd/2 Ba units and (1) 1 Bd/1.5 Ba townhouse style unit. Units average just under 1,000 sq. ft. per unit and all units have patios. Built in 1987 (no rent control), there is approximately 38% rent upside by bringing rents to market in one of the hottest rental markets in Los Angeles. One of the 2 Bd/2 Ba units will be delivered vacant (below unit mix places vacant unit rent at market ). The roof was partially replaced approximately three years ago and some of the copper plumbing was replaced approximately five years ago. On-site laundry room and 10 underground parking spaces. An experienced buyer should be able to get the property to a market cap rate of 5.13% in short order. Numbers page included as a supplement to this listing.
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Last updated Apr 9, 2024
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MLS# SB19011484 —
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Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
2/25/19
Feb 25, 2019
|
Sold | CRMLS_CA | $2,250,000 | 2.3% |
|
1/18/19
Jan 18, 2019
|
Pending | CRMLS_CA | $2,200,000 | |
|
1/16/19
Jan 16, 2019
|
Listed / Active | CRMLS_CA | $2,200,000 |