3625 9Th Ave Los Angeles, CA 90018

Property Details for 3625 9Th Ave

Year built

2022

Property size

8,400 SF

Property type

Residential income homes

Description

This exceptional Los Angeles investment opportunity presents a remarkable multifamily property encompassing two fully independent homes situated on a spacious 8,400 square foot lot. The main house, a beautifully renovated 1,640 square foot residence completed in 2019, boasts three bedrooms, a den, two bathrooms, and 10.5-foot ceilings. Features include an open floor plan, a private master suite with French doors leading to a redwood deck and backyard access. The property also includes a newly constructed (2022) 1,050 square foot Accessory Dwelling Unit (ADU) with two bedrooms, two and a half bathrooms, a private alley entrance, designated parking, and a 361 square foot attached garage. The ADU is currently tenant-occupied, generating $3,600 in monthly rental income. The main house also generates rental income. The combined gross monthly income is $8,072. The expansive lot offers ample space for outdoor living, including a fire pit, drought-tolerant landscaping, and organic fruit trees. Paid-off solar panels significantly reduce electricity costs. This turnkey property enjoys a prime location near SoFi Stadium, The Forum, USC Village, Koreatown, Culver City, and Downtown Los Angeles, with convenient access to public transportation and major freeways. The property's proximity to Kenneth Hahn Park and the Playa bike trail adds to its appeal. This investment offers a compelling combination of strong rental income, a desirable location in a rapidly growing area, and significant potential for future appreciation, given the upcoming 2026 FIFA World Cup and 2028 Los Angeles Olympics. The property features a 5.66% cap rate and a Net Operating Income (NOI) of $82,000. The asking price is $1,450,000. All renovations were completed under permit.