Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

5

Building size

3,816 sqft

Lot size

9,602 sqft

Year built

1959

Stories

0

Status

Active

Days on market

8

MLS #

248302666

About this property

Compass is pleased to present the opportunity to acquire a five-unit property in the highly desirable neighborhood of Glassell Park. Situated on a generous 9,599-square-foot lot, this property offers both immediate income and significant upside potential.The property consists of two separate buildings. The front building features four two-bedroom, one-bathroom units, while the rear building is a four-bedroom, three-bathroom home that will be delivered vacant at closing. This creates a rare opportunity for an owner-user to live on-site while generating rental income, or for an investor to lease the unit at market rates and maximize returns.The subject property is conveniently located near shops, restaurants, major freeways, and Downtown Los Angeles, making it highly attractive to tenants. This is an excellent opportunity for both owner-users and investors alike.With rents currently below market and Glassell Park continuing to experience strong appreciation, this property presents a prime value-add opportunity with substantial income growth potential. The back house will be delivered vacant.

Location

3209 Andrita Street

Los Angeles, Los Angeles, CA, 90065