2737 Avenue 30 - Multi-Family FOR SALE


Los Angeles, CA 90065- Glassell Park
$895,000 USD
310-562-9630
2737 Avenue 30, Los Angeles, CA for Sale
$895,000 USD
Multi-Family - FOR SALE
1/13
null | Request Cap Rate

2737 Avenue 30
Los Angeles, CA 90065
Glassell Park


HIGHLIGHTS

  • POTENTIAL TIC CONVERSION, FAMILY COMPOUND, OWNER-USER OPPORTUNITY, ETC
  • 4 UNITS FOR LESS THAN THE PRICE OF A HOME IN THE AREA!
  • Ideal location in Glassell Park - near Cypress Park, Eagle Rock, Silver Lake, Highland Park and Atwater Village’s hot spots
  • Palm tree-lined streets and hilltop views
  • Property is subject to City of Los Angeles Rent Control (RSO)
  • Blocks away from the LA river bike path, which is home to various coffee shops, cafes & breweries

OVERVIEW

Looking to invest in an affordable income property in Northeast LA? There are currently only 3 fourplexes for sale in the 90065 zip code, and this one is at least $355K CHEAPER than the rest! This charming 4 unit is located in the palm tree lined residential streets between San Fernando Rd and Eagle Rock Blvd, south of the 2 Freeway near the Ribet Academy. There are 2 duplex structures on the lot, and all units are 1Br+1Ba. There is also open parking in the rear. All tenants are long term, Contact the listing agent for a rent roll and more info. Relocation for owner occupancy and/or TIC conversion may be an option (Buyer to verify). Glassell Park is one of Northeast LA's most desirable neighborhoods. Known for its hilly terrain and scenic views, the area offers a mix of residential charm and urban convenience, not to mention amazing local restaurants and retailers. The median sale price for homes in Glassell Park is approximately $1.22million, reflecting an 11.1% year over year increase. This is a high barrier to entry area with rentals always in great demand. An excellent long term, affordable investment! Call Dana for more info 310-562-9630 or email for a marketing package Dana@IncomePropertiesLA.com

FOR SALE DETAILS

PRICE

$895,000 USD

PRICE/SF

$377 USD /SF

# OF UNITS

4

PRICE/UNIT

$223,750

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

4 Units in Prime Glassell Park!

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1923

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,503 SF

ZONING

LARD1

APN/PARCEL ID

5457-011-016

ASK ABOUT THIS PROPERTY

Dana CoronadoCompass CommercialMore Info
310-562-9630

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Dana CoronadoCompass CommercialMore Info
310-562-9630

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.