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Josh Canova

josh.canova@evrealestate.com +1(858) 361-7010

$ 1,295,000

Est. payment -/mo

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Active Under Contract

3500 Cimarron St Los Angeles, CA 90018

6 Beds

3 Baths

2,484 SqFt

UPDATED:

03/12/2025 04:13 AM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 2,484 sqft

Price per Sqft $521

MLS Listing ID 25-489189

Bedrooms 6

Year Built 1945

Lot Size 5,489 Sqft

Acres 0.126

Property Sub-Type Multi-Family

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 $8,680/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.

Location

State CA

County Los Angeles

Area Park Hills Heights

Zoning LAR2

Rooms

Other Rooms None

Interior

Heating Other

Cooling Other

Equipment Refrigerator, Range/Oven

Exterior

Parking Features Assigned, Driveway Gate, Driveway

Garage Spaces 3.0

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Skylight Real Estate Advisors, Inc.

Josh Canova

Advisor | License ID: C135485

+1(858) 361-7010

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