5400 Thornburn Street

Los Angeles, CA 90045

$1,150,000
Price
4
Beds
3
Baths
2,087 Sq. Ft.
$551 / Sq. Ft.
2,087
Sq. Ft.
$551
per Sq. Ft.

Description

This is a unique opportunity to buy a triplex in high-in-demand Westchester, with 2 of 3 units delivered vacant. Located on a large 12,929 SF lot that's zoned LAR3, there's even more development potential as the Seller owns and is selling 1.49 acres of vacant land located directly behind 5400 Thornburn Street for $850,000. The triplex and vacant land can be sold together or separate, and Seller Financing may be available for both. Tenants are centrally located near the 405 Freeway Entrance/Exits...This is a unique opportunity to buy a triplex in high-in-demand Westchester, with 2 of 3 units delivered vacant. Located on a large 12,929 SF lot that's zoned LAR3, there's even more development potential as the Seller owns and is selling 1.49 acres of vacant land located directly behind 5400 Thornburn Street for $850,000. The triplex and vacant land can be sold together or separate, and Seller Financing may be available for both. Tenants are centrally located near the 405 Freeway Entrance/Exits and Metro Lines, and just minutes away from SoFi Stadium, Intuit Dome, Hollywood Park Casion, The Forum, Playa Vista, Kenneth Hahn, and much more. The next owner can consider doing a lot line adjustment between the triplex and vacant land to connect the two and create a large parcel assemblage for re-development. There are 3 on-site garages that can be explored converting into a large ADU to turn the triplex into 4 units and add substantial income. Tenants pay for gas, electricity and trash, and Landlord pays for water & sewer.

Listing Agent

  1. Jon Rawson

    Jon Rawson

    Listing Agent

    Compass

    DRE #02010400

    jon.rawson@compass.com

    P: (310)-869-9137

Property Details for 5400 Thornburn Street

Zoning
LAR3
Parcel Number
4103022001
Total Units
3.0
Living Area
2087
Source Living Area
Vendor Enhanced
Area
Westchester (C29)
Vacancy Rate
2 Units
Lot Size Area
12931
LISTING UPDATED: 12/20/2023 11:20 AM

Property Details for 5400 Thornburn Street

StatusActive Under Contract
MLS #23-330081
Days on Market433
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1950
Lot Size0.30 AC / 12,931 SF
CountyLos Angeles County

Building Information for 5400 Thornburn Street

Stories1Residences-Year Built1950Building Size-Lot Size0.30 AC / 12,931 SF

Property Information for 5400 Thornburn Street

Community / Development
Community / Development
  • Number Of Units: 3
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 1
  • Number Of Buildings: 2
  • Type Of Units: Residential
Contract Info
Contract Info
  • Probate: No
  • Financing: Owner May Carry
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $72,983
  • Net Operating Income: $50,660.00
  • Gross Income: $75,240
  • Cap Rate: 4.41%
  • Gross Rent Multiplier: $15.28
  • Vacancy Allow Percent: 3.00%
  • Owner Pays: Water, Gardener
  • Total Annual Expense: 22322
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: Yes
  • Lot Acreage: 0.2969
  • Lot Size Square Feet: 12931
Parking Details
Parking Details
  • Parking Garage: Assigned, Garage - 1 Car, Garage Is Attached
  • Total Parking: 3
  • Parking Features: Assigned, Garage - Single Door
  • Attached Garage: Yes
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling Type: Ceiling Fan
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 11-08-2023
  • Rent Control: Yes
  • Tenant Pays: Gas, Electricity, Trash Collection
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,895.00
  • Unit Actual Rent: $2,895.00
  • Unit Projected Rent: $2,895.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,080.00
  • Unit Actual Rent: $1,080.00
  • Unit Projected Rent: $2,250.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,295.00
  • Unit Actual Rent: $2,295.00
  • Unit Projected Rent: $2,295.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $423,895.00
  • Assessed Improvement Percent: 40.0
  • Assessed Land Value: $635,844.00
  • Assessed Land Percent: 60
  • Assessed Total Value: $1,059,739.00

Property History for 5400 Thornburn 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 5400 Thornburn Street

Taxable ValueLand$648,560Additions$432,372Total$1,080,932
Tax Record2024$13,468 ($1,122 / month)
Home Facts
Total Finished SqFt2,087 SqFtAbove Grade Finished SqFt2,087 SqFtLot Size12,927 SqFtStyleTriplexYear Built1950ZoningLAR3CountyLOS ANGELESAPN4103-022-001

Schools near 5400 Thornburn Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Westport Heights Elementary School
PublicK to 5

Puc Lakeview Charter High School
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.

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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 Avenue Realty Group, Jon Rawson, DRE #02010400

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.