3500 Cimarron Street, Los Angeles, CA 90018

About this property

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.

Listing description from the March 2025 sale, as reported to CRMLS.

Sale history

$1,275,000

Sold March 2025 · listed $1,295,000, on market January 2025 · MLS #25489189 · Source: CRMLS

Listing Agent: Austin Muller · Listing Office: Lyra Residential Inc. · Contact: 213-723-6500 · Bought with: Miguel Sepulveda · Sepulveda Realty Inc.

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