5400 Thornburn Street, Los Angeles

$1,150,000

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4 Beds
3 Baths
2,087 Sqft
.3 Acre
0 Garage

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.

Essential Information

MLS® #
23330081
Price
$1,150,000
Bedrooms
4
Bathrooms
3.00
Square Footage
2,087
Acres
0.30
Year Built
1950
Type
Residential Income
Status
Active Under Contract

Community Information

Address
5400 Thornburn Street
Area
C29 - Westchester
City
Los Angeles
County
Los Angeles
Zip Code
90045
Senior Community
N

Amenities

Parking Spaces
3
Parking
Assigned, Door-Single, Garage
Garages
Assigned, Door-Single, Garage

Interior

Heating
Wall Furnace
# of Stories
1
Stories
Multi/Split

Additional Information

Date Listed
November 8th, 2023
Days on Market
175
Zoning
LAR3

Listing Details

Agent
Jonathan Rawson
Office
Avenue Realty Group
Property History
Status Changed from Active to Active Under Contract

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Buyer's Agent

Jeremiah Moersch REALTOR®

Office: 760-533-2540
Listing Agent
Jonathan Rawson - Avenue Realty Group

Based on information from California Regional Multiple Listing Service, Inc. as of May 1st, 2024 at 4:41pm PDT. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.