5421 Thornburn Street

    Los Angeles (City), CA 90045
    • $1,100,000
    • STATUS: Active Under Contract
    • ON SITE: 26 days
    • ID#: 18407622
    Under Contract
    UPDATED: 40 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.

    Monthly Payment Calculator



    Based on information from CARETS as of 2018-12-11T17:51:30.993. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
    www.scvnest.com/homes/89418370

    5421 Thornburn Street Los Angeles (City), CA 90045

    • Price: $1,100,000
    • Status: Active Under Contract
    • Updated: 40 min ago
    • ID#: 18407622
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    1,880
    SQFT
    $585
    $/SQFT
    1952
    Built
    Neighborhood:
    Westchester (C29)
    County:
    Los Angeles
    Area:
    Westchester (C29)
    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

    Parking Features Driveway Parking Spaces Total 2 Parking Type Garage - Two Door

    Interior Features

    Appliances DishwasherElectric Dryer HookupGas Dryer HookupGas Or Electric Dryer Hookup Cooling Type Wall Unit(S)Wall Or Window UnitsWindow Unit(S) Heating Fuel Wall Gas Heating Type Wall HeaterWall ElectricWall Gas Total Floors 2 Unit Furnished01 Unfurnished Unit Furnished02 Unfurnished Unit Furnished03 Partially Unit Furnished04 Partially Unit Furnished05 Partially Unit Furnished06 Partially Unit Furnished07 Partially Unit Furnished08 Partially Unit Furnished09 Partially Unit Furnished10 Partially Unit Furnished11 Partially Unit Furnished12 Partially Unit Furnished13 Partially Unit Number Of Bath01 1.0 Unit Number Of Bath02 1.0 Unit Number Of Bed01 2 Unit Number Of Bed02 2 Water Heaters YN Y

    Property Features

    Adjusted Gross Income 60528.00 Assessed Improvement Value 120323.00 Assessed Land Value 485716.00 Country United States Of America Expense Total Annual 25042.00 Gross Operating Income 62400.00 Gross Rent Multiplier 17.00 Hoa YN N Legal Disclosures Take Property As IsRent Control Lot Size Source Vendor Enhanced Net Operating Income 35487.00 Number Of Buildings 1 Special Conditions Standard Sale Square Footage Source Vendor Enhanced Unit Monthly Rent01 2600.00 Unit Monthly Rent02 2600.00 Unit Projected Total Monthly Rent01 2800.00 Unit Projected Total Monthly Rent02 2800.00 Unit Total Monthly Rent01 2600.00 Unit Total Monthly Rent02 2600.00 Unit Type01 1 Unit Type02 1 Units Total In Complex 2 Vacancy Allow Percent 3.0 Zoning Lar3

    Listing provided courtesy of Adam Peterson DRE#01815802 of Cb Richard Ellis, Inc..


    Based on information from CARETS as of 2018-12-11T17:51:30.993. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
     
    RE/MAX of Santa Clarita
    25101 The Old Road
    Santa Clarita CA, 91381