5400 Thornburn Street Los Angeles, CA $ 1,150,000
5400 Thornburn Street
$ 1,150,000
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5400 Thornburn Street

Los Angeles, CA, 90045
$ 1,150,000
Baths0.0 Sq 2,087

Monthly Estimate*

$ 8,033

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Studio

Multi-Family Home for sale in Los Angeles, CA

for $1,150,000. This 2,087 square foot home was built in 1950 on a lot size of 0.3.

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.

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Multi-Family Contingent

Price

$ 1,150,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.3

Year Built

1950

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

0023330081

Features
General
Heating Wall Furnace
Zoning LAR3
Year Built 1950
Tenant Pays Electricity Trash Collection Gas
Levels Multi/Split
County Los Angeles
Net Operating Income 50660.0
New Construction No
Property Type C
HOA / Comm Assn No
Contingency Active Under Contract
Status Active Under Contract
City Los Angeles
Buyer Agent Compensation 2.50
Senior Community Y/N No
MLS Area C29 - Westchester
Lot Size Square Feet 12931.0
Street Name Thornburn
Additional Parcels Y/N Yes
Standard Status Active Under Contract
Buyer Agent Compensation Type %
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Exterior
Parking Features Assigned Garage - Single Door
Lot Size Area 12931.0
Building Area Total 2087.0
Lot Size Acres 0.3
Lot Size Units Square Feet
Land Lease Type Fee
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Interior
Total Stories 1
Heating Y/N Yes
Street Suffix Street
Total Baths 0
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* Excluded Features
List By
Jonathan Rawson

Listing Agent

Avenue Realty Group

Broker

Affordability Calculator

$8,033
Per Month
100%
0%
0%
Monthly Principal & Interest
$8,033
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
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Nearby
793437 Elementary School
793428 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/9/2023$1,150,000 Listed Price

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5400 Thornburn Street, Los Angeles, CA, 90045 is a Multi-Family Home for sale at $1,150,000 with 2,087 sqft and a lot size of 0.3. 5400 Thornburn Street is a studio with 0.0 baths and was built in 1950. The property's zip code is 90045 which is in Los Angeles, CA