3500 Cimarron Street

Los Angeles, CA 90018

$1,295,000

List Price

6

bed Beds

3

shower Baths

2,484 sqft

straighten / sqft

1945

calendar_month Built

Property Description

Welcome to 3500 Cimarron St, a prime investment opportunity featuring all government-backed Section 8 tenants. This property consists of three units, each with two (2) bedrooms and one (1) bathroom. It also includes a spacious parking area with potential to add a large ADU for additional income (buyer to verify). The property was just painted, has all new heating systems installed, and was re-roofed in 2017. Two of the three units have been completely updated. This fully occupied property generates $8,562/month in rental income from three Section 8 tenants, with extremely low expenses, providing a very competitive cap rate and NOI on a low-maintenance building. Located in the thriving Jefferson Park neighborhood, with new restaurants and shoppes opening daily, this area promises future growth and development opportunities for any buyer.Please do not disturb the tenants.

Listing Information

List Price $1,295,000
Status Active
MLS 25489189
Type Residential Income
Year Built 1945
Lot Size 5,489
Structure Size 2,484
DOM 1
Courtesy Of Skylight Real Estate Advisors, Inc.
Listing Agent Austin Muller DRE#01931334

Interior Features

Total Bedroom
Bedrooms 6
Total Bathroom
Bathrooms 3

Exterior Information

Maps

Listing information courtesy of: Austin Muller, Skylight Real Estate Advisors, Inc. 310-909-6008. *Based on information from the Association of REALTORS/Multiple Listing as of Jan 25th, 2025 at 5:28 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.