5421 Thornburn Street

    Los Angeles (City), CA 90045
    • $1,100,000
    • STATUS: Active Under Contract
    • ON SITE: 30 days
    • ID#: 18407622
    Under Contract
    UPDATED: 15 min ago
    $1,100,000
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,880
      SQFT
    • $585
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1952
    County:

    School Ratings & Info

    Description

    CBRE presents the Kittyhawk-Thornburn Assemblage, an extremely rare and unique opportunity to develop a multifamily asset within a Tier 1 Transit Priority Area in the City of Los Angeles. 5421 Thornburn St. is owner-occupied and will be delivered completely vacant at COE. The two combined R3 lots allow an investor to build up to 26-units utilizing LA City's TOC density bonus. The subject property is walking distance to a large commercial center including restaurants and retail stores. Easy access to all major lines of transit including 405 FWY and LAX Airport. Over the past 12 months, this neighborhood has undergone a large amount of new construction, with property and rental values in Westchester continuing to increase. Please contact Broker for Offering Memorandum.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-15T18:28:59.653. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.teamforss.com/homes/89419878

    5421 Thornburn Street Los Angeles (City), CA 90045

    • Price: $1,100,000
    • Status: Active Under Contract
    • Updated: 15 min ago
    • ID#: 18407622
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    1,880
    SQFT
    $585
    $/SQFT
    1952
    Built
    Neighborhood:
    C29 - Westchester
    County:
    Los Angeles
    Area:
    C29 - Westchester
    Property Description
    CBRE presents the Kittyhawk-Thornburn Assemblage, an extremely rare and unique opportunity to develop a multifamily asset within a Tier 1 Transit Priority Area in the City of Los Angeles. 5421 Thornburn St. is owner-occupied and will be delivered completely vacant at COE. The two combined R3 lots allow an investor to build up to 26-units utilizing LA City's TOC density bonus. The subject property is walking distance to a large commercial center including restaurants and retail stores. Easy access to all major lines of transit including 405 FWY and LAX Airport. Over the past 12 months, this neighborhood has undergone a large amount of new construction, with property and rental values in Westchester continuing to increase. Please contact Broker for Offering Memorandum.
    Exterior Features

    Lot Size Units Square Feet Parking Features Garage - Two DoorDriveway Parking YN Yes

    Interior Features

    Appliances Dishwasher Appliances YN Yes Cooling Wall Window Cooling YN Yes Laundry Features Gas & Electric Dryer HookupGas Dryer HookupElectric Dryer Hookup

    Property Features

    Gross Multiplier 17.00 Gross Operating Income 62400.00 Improvements Amount 120323 Land Value 485716 Laundry YN Yes Net Operating Income 35487.00 Special Listing Conditions Standard Total Expenses 25042.00 Vacancy Allowance Rate 3.00 Zoning Lar3

    Listing provided courtesy of Adam Peterson of Cb Richard Ellis, Inc..


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-15T18:28:59.653. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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