3120 W 71st St, Los Angeles, CA 90043

Apr 1

Written By Jake Glaser

Non-RSO 6-Unit in Hyde Park | 6.93% Cap & 9.71 GRM

Download Offering Memorandum

$1,850,000 $1,800,000

Property Highlights

6-unit property located in Hyde Park in Los Angeles
Property built in 1990 and is NOT under the City of L.A. Rent Stabilization Ordinance (RSO)
Well maintained building with 8 gated parking spaces available in the rear of the 7,992 SF lot
Unit mix consists of (6) 2BR/1BA units averaging 864 SF
Potential to build ADU(s) (Buyer to verify)
Separately metered for gas and electric
Plumbing is copper per Seller, separate water heaters
Storage room has W/D hookups not being used
Short drive to SoFi Stadium, Kia Forum, Intuit dome, and other dining and retail attractions

The Opportunity

The Glaser Group is pleased to present 3120 W 71st Street, a well-maintained 6-unit multifamily investment opportunity located in a rapidly evolving pocket of Los Angeles. Built in 1990, this rare offering is exempt from the City of Los Angeles Rent Stabilization Ordinance (RSO), providing investors with increased flexibility and long-term upside potential.

The property is comprised of six spacious 2-bedroom / 1-bathroom units, each averaging approximately 864 square feet. All units are separately metered for gas and electricity, and each has a dedicated water heater, reducing owner expenses and operational complexity. The building also features copper plumbing and a storage room with washer/dryer hookups not currently in use—offering further income or amenity potential for a new owner.

Sitting on a 7,992 square foot lot, the property includes 8 gated surface parking spaces at the rear of the building, offering convenience and security for tenants. With a current cap rate of 6.93% and a GRM of 9.71, the investment presents strong in-place cash flow with room to grow. Additionally, there is potential to build one or more ADUs (buyer to verify), providing further value-add opportunity in a supply-constrained market.

Strategically located near major entertainment and transportation hubs—including SoFi Stadium, the Kia Forum, the upcoming Intuit Dome, and a growing collection of dining and retail destinations—3120 W 71st Street stands to benefit from continued neighborhood appreciation and infrastructure investment.

With its desirable unit mix, non-RSO status, strong financials, and ADU potential, 3120 W 71st Street represents a compelling, turn-key investment opportunity in the heart of Los Angeles.