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2434 W Avenue 32, Los Angeles, CA

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2434 W Avenue 32

Los Angeles, CA 90065-2052 - Glassell Park MF Submarket

Property Type:Multi-Family Number of Units:6 Status:Existing Year Built:1956
Stories:1 Building Size:9,861 SF Land Area:.88 AC (38,507 SF)
For Sale Price:$2,860,000 Price/Unit:$476,666.67 Cap Rate:2.10 % GRM:-

Parking:1.68 Parking Spaces / 1,000 SF

Sale Notes:
Darin Spillman at Brookfield Partners is pleased to present this unique apartment opportunity near Eagle Rock and Mt. Washington. The offering consists of 8 bungalow-style apartment units and a spacious, private 4 bedroom / 3 bath home ideally situated above and apart from the units, on a hill with city views, with separate street access. The apartments are comprised of one 2 bedroom two baths, one 2 bedroom 1 bath, and six 1 bedroom 1 bath units, in a quiet, courtyard setting. The partially sloped, R2-1 zoned lot is 38,508 square feet.

The asset shows tremendous potential as a value-add opportunity for an investor seeking to re-position the property. Glassell Park, minutes north of downtown Los Angeles, is surrounded by the dynamic communities of Eagle Rock, Highland Park, Atwater, Silver Lake, Cypress Park and Glendale.

Please do not walk on the property or disturb the tenants.

Email agent for marketing package. Buyer to verify all square footage measurements.

Brookfield Partners
Darin Spillman
(818) 201-3621

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