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5400 Thornburn Street

Los Angeles, CA 90045

About this property

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.

About this property

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.

Features and Additional Information

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$1,150,000 Active Under Contract
2,087 SqFt

Presented By Desert Lifestyle Properties

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Get in touch today! Phone: 1-760-818-7518
Brokerage
Avenue Realty Group 310-310-8624
1-310-310-8624
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Area Information

C29 Westchester | Los Angeles County |

$ 1,150,000
This listing is play_arrow 34.2% lower than the average in the area
$ 1,749,000 in the area
2,087 SqFt
This listing is play_arrow 14.0% larger than the average in the area
1,830 SqFt in the area
$ 551 $/SqFt
This listing is play_arrow 42.3% less than the average in the area
$ 956 $/SqFt in the area
457 days on site
This listing is play_arrow 5612.5% above the average in the area
8 days on site in the area

Schools in the Area

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    Elementary School
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Listed By Jonathan Rawson
Brokerage: Avenue Realty Group 310-310-8624

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