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.
Sold for $1,275,000 on 03/25/25
$1,275,000
3500 Cimarron St, Los Angeles, CA 90018
6beds
3baths
2,484sqft
Multi Family
Built in 1945
-- sqft lot
$1,236,900 Zestimate®
$513/sqft
$2,178 Estimated rent
Home value
$1,236,900
$1.13M - $1.36M
$2,178/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: September 17, 2025 at 03:11am
Listed by:
Austin Muller DRE # 01931334 310-909-6008,
Lyra Residential Inc. 213-695-6800
Bought with:
Miguel Sepulveda, DRE # 01268437
Sepulveda Realty Inc.
Source: CLAW,MLS#: 25-489189
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
Heating
- Other
Cooling
- Other
Appliances
- Included: Refrigerator, Range/Oven
Interior area
- Total structure area: 2,484
- Total interior livable area: 2,484 sqft
Property
Parking
- Total spaces: 3
- Parking features: Assigned, Driveway Gate, Driveway
- Uncovered spaces: 3
Features
- Levels: Two
- Stories: 2
Lot
- Size: 5,488 sqft
Details
- Additional structures: None
- Parcel number: 5042030043
- Zoning: LAR2
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1945
Community & neighborhood
Location
- Region: Los Angeles
HOA & financial
Other financial information
- Total actual rent: 8680
Price history
| Date | Event | Price |
|---|---|---|
| 3/25/2025 | Sold | $1,275,000-1.5%$513/sqft |
Source:  CLAW #25-489189 | ||
| 3/20/2025 | Pending sale | $1,295,000$521/sqft |
Source: CLAW #25-489189 | ||
| 3/6/2025 | Contingent | $1,295,000$521/sqft |
Source: CLAW #25-489189 | ||
| 1/25/2025 | Listed for sale | $1,295,000-10.7%$521/sqft |
Source: CLAW #25-489189 | ||
| 8/22/2024 | Listing removed | $1,450,000$584/sqft |
Source: CLAW #24-422163 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $10,128 +1.2% | $811,824 +2% |
| 2024 | $10,003 +1.9% | $795,906 +2% |
| 2023 | $9,817 +4.7% | $780,300 +2% |
Find assessor info on the county website
Neighborhood: South Los Angeles
Nearby schools
GreatSchools rating
- 4/10Birdielee V. Bright Elementary SchoolGrades: K-5Distance: 0.3 mi
- 7/10Foshay Learning CenterGrades: K-12Distance: 0.6 mi
- 3/10Susan Miller Dorsey Senior High SchoolGrades: 9-12Distance: 1.8 mi
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Estimated market value
$1,236,900
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,236,900