Pleased to present this rare 8-unit multifamilyinvestment opportunity located at 3125 S Durango Ave, situated in the highlydesirable Palms neighborhood of West Los Angeles. Built in 1957, the propertyfeatures 7,376 sq. ft. of rentable space on a spacious 8,001 sq. ft. lot zoned LAR3offering immediate income with significant value-add potential.The… Read More unit mix includes two 3-bedroom, 2-bath units; two 2-bedroom, 1.5-bathunits; two 2-bedroom, 1-bath units; and two 1-bedroom, 1-bath unitsan idealconfiguration for maximizing rentability across a variety of tenant profiles.The property includes 8 on-site parking spaces within a detached garage structure,with no seismic retrofit required. The detached parking area offers prime ADUconversion potential (buyer to verify), presenting an opportunity to increase unitcount and rental income.Current rents are well below market, offering a 29% rental upside through interiorrenovations and ADU expansion. Located just minutes from Downtown CulverCity, Sony Studios, and the Expo Line, this is a strategic Westside asset with bothimmediate and long-term investment potential. Read Less
Property listed by RE/MAX One, Chase Simonton 818-366-3300
Listing Snapshot
Days Online
44
Last Updated
Property Type
Other
Beds
16
Square Ft.
7,333
Lot Size
0.18 Acres
Year Built
1957
MLS Number
25546961
30 Days Snapshot Of 90034
$1.80M
+13%
(avg) sold price
8
-33%
homes sold
55
+7%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1957, Building area total: 7,333, Levels: Two, Living area: 7333, 2 stories, 1 building
Cooling
None
Heating
None
Income
Gross income: $236,772, Net operating income: $155,347
Lot
0.1831 acres, 7,978 square feet, Size: 7,978
Parking
7 totals parking, None
Property
Zoning: LAR3
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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