3500 Cimarron Street

Los Angeles, CA 90018

$1,450,000
Price
6
Beds
3
Baths
2,484 Sq. Ft.
$584 / Sq. Ft.
2,484
Sq. Ft.
$584
per Sq. Ft.

Description

We're excited to present 3500 Cimarron St, a prime investment opportunity offering a low-maintenance addition to your portfolio. This property features three units, each with two (2) bedrooms and one (1) bathroom. It also includes a spacious parking area with the potential to add an ADU for additional income (buyer to verify). The property is well-maintained, with two of the units recently updated. Fully occupied and generating a total monthly income of $8,464 (rental increases available for all...We're excited to present 3500 Cimarron St, a prime investment opportunity offering a low-maintenance addition to your portfolio. This property features three units, each with two (2) bedrooms and one (1) bathroom. It also includes a spacious parking area with the potential to add an ADU for additional income (buyer to verify). The property is well-maintained, with two of the units recently updated. Fully occupied and generating a total monthly income of $8,464 (rental increases available for all units at the beginning of next year) and minimal expenses, Cimarron is located in a thriving, up-and-coming area that promises future growth and development opportunities for any buyer. Please do not disturb the tenants.
  1. Listed by Austin Muller • DRE #01931334 • Brokerage DRE #02083474 • Skylight Real Estate Advisors, Inc.

Property Details for 3500 Cimarron Street

Zoning
LAR2
Parcel Number
5042030043
Total Units
3.0
Living Area
2484
Source Living Area
Vendor Enhanced
Area
Park Hills Heights (PHHT)
Vacancy Rate
0
Lot Size Area
5489
LISTING UPDATED: 08/04/2024 06:04 PM

Property Details for 3500 Cimarron Street

StatusActive
MLS #24-422163
Days on Market112
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1945
Lot Size0.13 AC / 5,489 SF
CountyLos Angeles County

Building Information for 3500 Cimarron Street

Stories2Residences-Year Built1945Building Size-Lot Size0.13 AC / 5,489 SF

Property Information for 3500 Cimarron Street

Community / Development
Community / Development
  • Number Of Units: 3
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: 2bed/1bath
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $101,568
  • Net Operating Income: $86,316.00
  • Gross Income: $101,568
  • Cap Rate: 5.60%
  • Gross Rent Multiplier: $14.28
  • Actual Gross Annual Income: $101,568
  • Actual Rent Total: $8,464.00
  • Owner Pays: Water, Gardener
  • Total Annual Expense: 15252
  • Electric Expense: $100.00
  • Tax Expense: $886
  • Gardener Expense: $100
  • Insurance Expense: $185
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.126
  • Lot Size Square Feet: 5489
Parking Details
Parking Details
  • Parking Garage: Assigned, Driveway Gate, Driveway
  • Total Parking: 3
  • Parking Features: Assigned, Driveway
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Refrigerator, Range/Oven
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 08-02-2024
  • Tenant Pays: Cable TV, Electricity, Gas
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,052.00
  • Unit Actual Rent: $3,052.00
  • Unit Projected Rent: $3,052.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,452.00
  • Unit Actual Rent: $2,452.00
  • Unit Projected Rent: $3,052.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,960.00
  • Unit Actual Rent: $2,960.00
  • Unit Projected Rent: $3,052.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $260,100.00
  • Assessed Improvement Percent: 33.33
  • Assessed Land Value: $520,200.00
  • Assessed Land Percent: 66.67
  • Assessed Total Value: $780,300.00

Property History for 3500 Cimarron Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3500 Cimarron Street

Taxable ValueLand$530,604Additions$265,302Total$795,906
Tax Record2024$10,003 ($834 / month)
Home Facts
Total Finished SqFt2,484 SqFtAbove Grade Finished SqFt2,484 SqFtLot Size5,487 SqFtStyleTriplexYear Built1945ZoningLAR2CountyLOS ANGELESAPN5042-030-043

Schools near 3500 Cimarron Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 12
Public - 9 to 12
Public - 1 to 5
Charter - 9 to 12
Rating
School
Distance
Foshay Learning Center
PublicK to 12

Susan Miller Dorsey Senior High School
Public9 to 12

Math And Science College Preparatory
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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3500 Cimarron Street is a multi-family home for sale in Los Angeles, CA 90018. This property was listed for sale on August 2, 2024 by Skylight Real Estate Advisors, Inc., it's currently listed at $1,450,000. It has been on the market for a total of 112 days and was last sold on April 22, 2021. This listing's school district is Los Angeles Unified School District. Nearby schools include Foshay Learning Center, Susan Miller Dorsey Senior High School and Mid-City's Prescott School Of Enriched Sciences. 3500 Cimarron Street is a 6-bed, 3-bath, 2,484 sqft multi-family home built in 1945.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Skylight Real Estate Advisors, Inc., Austin Muller, DRE #01931334

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.