3950 MONTCLAIR Street, Los Angeles, CA 90018
Property · 2 recorded sales since 2014
Sold December 2017
Listing Agent: Keith Moret (DRE #01802527) · Listing Office: Keller Williams Beach Cities · Contact: 310-939-9300 · Bought with: Daniel John Cavanaugh · Cavanaugh Realtors · MLS #17272940 · Source: CRMLS
About this property
This is a Fantastic Value-add opportunity in an up and coming Jefferson Park neighborhood. There is a solid 40% real and imminent upside in rents. Two of the units will be delivered vacant on or before January 31st , 2018. That affords the fortunate buyer an opportunity to raise rents to market and increase cash flow while re-positioning the property. In addition the (2) 2 car garages and a storage/utility room will be delivered vacant and can generate additional income. 2 of the units have been updated with new windows, cabinets, floors and appliances. The property sits on a spacious corner lot and has new drought-tolerant landscaping and a decorative wrought-iron perimeter fence. The location should continue its trend of re-gentrification benefiting from the proposed District Square development & Crenshaw/LAX light-rail line as well as the existing Baldwin Hillls/Crenshaw Plaza Mall.
Listing description from the December 2017 sale, as reported to CRMLS.
Sale history
