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3737 Whiteside St, Los Angeles, California 90063, Los Angeles, 90063 - bed, bath

3737 Whiteside St, Los Angeles, California 90063 home-pic-0
ACTIVE$1,400,000
3737 Whiteside St, Los Angeles, California 90063
0Bed
0Bath
2,256Sqft
4,783Lot
Year Built
1958
Close
-
List price
$1.4M
Original List price
$1.4M
Price/Sqft
$621
HOA
-
Days on market
-
Sold On
-
MLS number
SB25094056
Home ConditionGood
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.40M(96th), sqft - 2256(56th), beds - undefined(50th), baths - undefined(50th).

Built in 1958, this well-maintained multifamily property offers a desirable unit mix of two 2-bedroom/1-bath and two 3-bedroom/2-bath units, on a 4,783 SF lot zoned LCR4*. With low operating expenses and easy management, this asset presents a strong investment opportunity at a 10.04 GRM and a 7.84% cap rate, based on the current monthly rental income of $11,620. An upcoming 4% rent increase offers additional upside potential.** Ideally located just 1.9 miles from USC and East Los Angeles College, and approximately 2.2 miles from the Soto Metro Station, the property benefits from both tenant demand and excellent transit accessibility.

Price History

Date
Event
Price
06/14/17
Sold
$700,000
09/04/15
Sold
$674,000
05/19/14
Sold
$600,000
Condition Rating
Good
Built in 1958, this property has undergone significant interior renovations, particularly visible in the kitchen and living areas. The kitchen features updated dark wood cabinets, modern-looking countertops, and recessed lighting. The living space boasts contemporary LVP flooring and recessed lighting, indicating updates within the last 5-15 years. While the exterior shows the building's age and window AC units are present, the interior is move-in ready with well-maintained systems and modern finishes, aligning with the 'Good' condition criteria.
Pros & Cons

Pros

Strong Investment Metrics: The property boasts a high 7.84% cap rate and a low 10.04 GRM, indicating excellent current cash flow and a solid return on investment.
Immediate Upside Potential: An upcoming 4% rent increase is already in place, providing a clear and immediate path to enhanced income and property value for the new owner.
Strategic Location & Transit Accessibility: Its proximity to USC, East Los Angeles College, and the Soto Metro Station ensures robust tenant demand and convenient access to education and public transportation.
Desirable Unit Mix: The configuration of two 2-bedroom/1-bath and two 3-bedroom/2-bath units caters to a broad tenant base, maximizing occupancy potential.
Operational Efficiency: The property is highlighted for its low operating expenses and easy management, making it an attractive and potentially less labor-intensive investment.

Cons

Property Age: Built in 1958, the property is over 60 years old, which may imply older infrastructure and potentially higher long-term maintenance or capital expenditure requirements, despite being described as 'well-maintained'.
Limited Lot Size: The 4,783 SF lot size for a quadruplex may offer limited outdoor space or future expansion opportunities, which could be a consideration for some tenants or investors.
Unspecified Parking: The property description does not detail parking availability, which is a critical amenity in Los Angeles and could be a significant drawback if inadequate for four units.

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