15
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$675,000
Est. payment /mo
2,500 Sqft Lot
New
3752 Sawtelle Blvd Los Angeles, CA 90066
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Key Details
Property Type Single Family Home, Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB25219347
HOA Y/N No
Year Built 1948
Lot Size 2,500 Sqft
Property Sub-Type Triplex
Property Description
Priced to sell! 3 Units or Single Family You Decide!
3752 Sawtelle Blvd has been operating as a 3-unit multifamily featuring (2) 1-bed/1-bath units and (1) studio with strong value-add potential for 50+ years. City of LA has stated there are no permits on file for 3 units, however the property has 3 electric meters, has paid registration fees, 3 mailing addresses, and permits are found with the city stating 3 units. City has sent notice to owners to convert back to single family.
Owners do not want the headache or have the time to do the conversion or fight the city. If you do, this property is for you. Tenants have verbally agreed to vacate cash 4 keys but sellers don't want to do it. I have acceptable contracts for them to share. Their loss is your gain. All the heavy lifting has been done so buy it and knock this flip out of the park! Can easily legalize as 3 unit using ADU law or gut renovate back to a single family home for your own.
Current metrics include a 6.22% cap rate, 11.40 GRM, and ~42% rental upside once repositioned. A two-car garage with alley access offers the ability to add an ADU for further income growth. Located in the heart of LA's Westside near Apple, Google, and Sony, the property benefits from strong tenant demand, below-market rents, and long-term appreciation drivers. A rare chance to secure a high-performing Westside investment.
3752 Sawtelle Blvd has been operating as a 3-unit multifamily featuring (2) 1-bed/1-bath units and (1) studio with strong value-add potential for 50+ years. City of LA has stated there are no permits on file for 3 units, however the property has 3 electric meters, has paid registration fees, 3 mailing addresses, and permits are found with the city stating 3 units. City has sent notice to owners to convert back to single family.
Owners do not want the headache or have the time to do the conversion or fight the city. If you do, this property is for you. Tenants have verbally agreed to vacate cash 4 keys but sellers don't want to do it. I have acceptable contracts for them to share. Their loss is your gain. All the heavy lifting has been done so buy it and knock this flip out of the park! Can easily legalize as 3 unit using ADU law or gut renovate back to a single family home for your own.
Current metrics include a 6.22% cap rate, 11.40 GRM, and ~42% rental upside once repositioned. A two-car garage with alley access offers the ability to add an ADU for further income growth. Located in the heart of LA's Westside near Apple, Google, and Sony, the property benefits from strong tenant demand, below-market rents, and long-term appreciation drivers. A rare chance to secure a high-performing Westside investment.
Location
State CA
County Los Angeles
Area C13 - Palms - Mar Vista
Interior
Fireplace No
Laundry Inside
Exterior
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Sidewalks
Total Parking Spaces 2
Private Pool No
Building
Lot Description Front Yard
Story 1
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 4234002025
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard
Listed by Molly First Lyon Stahl Investment Real Estate, Inc. 310-913-2488
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