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

4

Building size

1,849 sqft

Lot size

4,988 sqft

Year built

1963

Stories

2

Heating

Wall Furnace

Pool

None

View

City Lights,Hills

Status

Active

Days on market

8

MLS #

248356571

About this property

PLEASE DO NOT CONTACT THE OWNER. We are pleased to present an exceptional opportunity to acquire 3619 Fletcher Drive, a well-maintained 4-unit apartment community ideally located in the heart of Glassell Park, one of Northeast Los Angeles's most established and sought-after residential neighborhoods. Built in 1963, the property offers a rare chance to secure a boutique asset in a supply-constrained submarket bordered by Atwater Village, Eagle Rock, and Mount Washington. Situated on a 4,988 square foot lot, the property totals 1,849 square feet of gross residential area, averaging 462 square feet per unit across two (2) buildings. The covered parking is unleased and ready for ADU conversion. There is a large central loft, around 1,400 SF, which is an easy ADU conversion opportunity. Glassell Park's central position in Northeast Los Angeles further strengthens the investment profile of 3619 Fletcher Drive. The property sits within one of the area's most character-rich residential pockets, with easy access to the acclaimed dining destinations throughout Glassell Park and along Eagle Rock Boulevard including Dunsmoor, Little Ripper, Wife & The Somm, and Bub & Grandma's as well as the boutique shops and restaurants of Atwater Village's Glendale Boulevard corridor and the Americana at Brand in nearby Glendale. Residents also enjoy proximity to Rio de Los Angeles State Park, Elyria Canyon Park, the Los Angeles River bike path, and Griffith Park. Direct access to the 2 Glendale Freeway via Fletcher Drive, along with the nearby 5 Golden State Freeway, places major employment hubs in Downtown Los Angeles and Glendale's entertainment corridor home to Walt Disney Imagineering and DreamWorks Animation within easy reach, ensuring sustained demand from a deep and highly qualified renter pool.

Location

3619 Fletcher Drive

Los Angeles, Los Angeles, CA, 90065