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3500 Cimarron St, Los Angeles, CA 90018

Sale Price: $1,275,000
Jan 24, 20252,484 sqft6 beds3 baths
Listed by: Austin Muller
License #: 01931334
Phone #: 310-909-6008
Skylight Real Estate Advisors, Inc.
Source:
CRMLS Logo
MLS #: 25489189

Property Description

Welcome to 3500 Cimarron St, a prime investment opportunity featuring all government-backed Section 8 tenants. This property consists of three units, each with two (2) bedrooms and one (1) bathroom. It also includes a spacious parking area with potential to add a large ADU for additional income (buyer to verify). The property was just painted, has all new heating systems installed, and was re-roofed in 2017. Two of the three units have been completely updated. This fully occupied property generates $8,680/month in rental income from three Section 8 tenants, with extremely low expenses, providing a very competitive cap rate and NOI on a low-maintenance building. Located in the thriving Jefferson Park neighborhood, with new restaurants and shoppes opening daily, this area promises future growth and development opportunities for any buyer.Please do not disturb the tenants.
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”
DRE LICENSE #01997822
California Association of Realtors

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$20,910

TurboHome Estimated Value

$1,344,500

$541 sqft

High Valuation
$1,411,725
$568/sqft
Normal Valuation
$1,344,500
$541/sqft
Low Valuation
$1,277,275
$514/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$541/sqft$1,344,500

Neighborhood: South Los Angeles

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Comparative Value

$857K

$1.00M

$1.05M

$1.21M

$1.27M

$1.29M

1703 W 25th St, Los Angeles, CA 90018

Sale Price: $857,000

Selected Comparable

1245 W 39th St, Los Angeles, CA 90037

Sale Price: $1,000,000

Selected Comparable

4119 S Harvard Blvd, Los Angeles, CA 90062

Sale Price: $1,055,000

Selected Comparable

2501 Juliet St, Los Angeles, CA 90007

Sale Price: $1,205,000

Selected Comparable

3500 Cimarron St, Los Angeles, CA 90018

Sale Price: $1,275,000

Selected Comparable

3500 Cimarron St, Los Angeles, CA 90018

List Price: $1,295,000

Subject Property

Neighborhood Comps

Subject Property

SUBJECT
3500 Cimarron St, Los Angeles, CA 90018

3500 Cimarron St, Los Angeles, CA 90018

List: $1,295,000

Listed: 1/24/2025

Area:2,484 sqft
Price/sqft:$521
Beds:6
Baths:3
Year Built:—
Lot Size:5,489

Comparable Properties

COMPARABLE
Choose comps
3500 Cimarron St, Los Angeles, CA 90018

3500 Cimarron St, Los Angeles, CA 90018

Sale: $1,275,000

3/25/2025 • 0.00 mi

Area:2,484 sqft
Price/sqft:$513
Beds:6
Baths:3
Year Built:—
Weight:24.2%
2501 Juliet St, Los Angeles, CA 90007

2501 Juliet St, Los Angeles, CA 90007

Sale: $1,205,000

8/1/2025 • 1.30 mi

Area:2,600 sqft
Price/sqft:$463
Beds:6
Baths:3
Year Built:—
Weight:22.4%
1703 W 25th St, Los Angeles, CA 90018

1703 W 25th St, Los Angeles, CA 90018

Sale: $857,000

7/16/2025 • 1.08 mi

Area:2,822 sqft
Price/sqft:$304
Beds:6
Baths:3
Year Built:—
Weight:21.0%
1245 W 39th St, Los Angeles, CA 90037

1245 W 39th St, Los Angeles, CA 90037

Sale: $1,000,000

5/19/2025 • 1.12 mi

Area:2,000 sqft
Price/sqft:$500
Beds:6
Baths:2
Year Built:—
Weight:16.7%
4119 S Harvard Blvd, Los Angeles, CA 90062

4119 S Harvard Blvd, Los Angeles, CA 90062

Sale: $1,055,000

9/26/2024 • 1.17 mi

Area:2,080 sqft
Price/sqft:$507
Beds:6
Baths:4
Year Built:—
Weight:15.7%

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