Los Angeles, CA 90045 5400 Thornburn Street
$1,150,000
4 more
Presented By: Jonathan Rawson with Avenue Realty Group;
Home Details
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.
Presented By: Jonathan Rawson with Avenue Realty Group;
Interior Features for 5400 Thornburn Street
Bedrooms
Total Bedrooms4
Bathrooms
1/4 Baths0
3/4 Baths0
Half Baths
Total Baths3
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NYes
Total Stories1
General for 5400 Thornburn Street
Additional Parcels Y/NYes
Attached Garage Yes
Cap Rate4.41
Carport Y/NNo
CityLos Angeles
CountyLos Angeles
Days on Market279
DirectionsSouth of La Tijera, North of La Cienega, East of 405
Electric On Property Y/NNo
Full Baths
Garage Y/NNo
Gross Income75240.0
HeatingWallFurnace
Home Owner AssocNo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsMultiSplit
Lot Size Square Feet12931.0
Lot Size UnitsSquareFeet
MLS AreaC29 - Westchester
MobileHomeRemainsYNNo
Net Operating Income50660.0
New ConstructionNo
NumberOfUnitsTotal3
Private PoolNo
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActiveUnderContract
StatusActiveUnderContract
Tenant PaysElectricity, Gas, TrashCollection
View Y/NNo
Waterfront Y/NNo
Year Built1950
ZoningLAR3
Exterior for 5400 Thornburn Street
Building Area Total2087.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.2969
Lot Size Area12931.0
Number of Buildings2
Open Parking Y/NNo
Parking FeaturesAssigned, DoorSingle, Garage
SpaNo
Total Parking3.0
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480