3025 Glenhurst Ave - Apartments FOR SALE


Los Angeles, CA 90039- Atwater Village
$2,300,000 USD
213-233-4379
3025 Glenhurst Ave, Los Angeles, CA for Sale
$2,300,000 USD
Apartments - FOR SALE
1/17
null | 5.96% Cap Rate

3025 Glenhurst Ave
Los Angeles, CA 90039
Atwater Village


HIGHLIGHTS

  • Eric Dilanian & The Dilanian Real Estate Advisors are pleased to present 11 Units in a prime pocket of Atwater Village!
  • Mid-century multifamily opportunity with 2 vacant units in the highly desirable, supply-constrained Atwater Village market. Blocks to Glendale Blvd!
  • Extremely Limited Supply: Only one apartment building was listed and sold in Atwater Village during the past approximately 12 months
  • Building Specs: Built in 1965 | ±8,484 SF Building | ±12,000 SF Lot | R1-1-RIO Zoning. Parking: 10 Carport Parking Spaces
  • Upside & Opportunity: Significant rental upside and potential ADU development opportunity
  • Excellent Unit Mix: (8) 2 Bed + 1 Bath Units | (1) Two-Story 2 Bed + 1 Bath + Den Unit | (2) 0+1 Units

OVERVIEW

Eric Dilanian with The Dilanian Real Estate Advisors, as part of RE/MAX Commercial & Investment Realty, is proud to present 3025 Glenhurst Avenue, a rare 11-unit mid-century multifamily investment opportunity in the heart of Atwater Village, one of Los Angeles’ most supply-constrained rental markets. Offered for sale for the first time in approximately 35 years, the property is ideally situated just 3–4 blocks from Glendale Boulevard and Atwater Village’s popular collection of restaurants, cafés, bars, shops, and neighborhood amenities. Built in 1965, the property consists of approximately 8,484 square feet of improvements on an approximately 12,000-square-foot lot and features 10 carport parking spaces. The building is currently offered with TWO VACANT UNITS, providing an incoming investor with immediate leasing flexibility and an opportunity to capture current market rents. Recent capital improvements include approximately $60,000 in property upgrades and maintenance. Additional upside exists through the potential addition of Accessory Dwelling Units (ADUs), subject to buyer verification and applicable requirements. Opportunities of this scale are exceptionally limited in Atwater Village. Over the past approximately 12 months, only one comparable multifamily building has sold in the neighborhood—a six-unit property also sold by Eric Dilanian and The Dilanian Real Estate Advisors—highlighting the limited supply of apartment investment opportunities in this highly sought-after pocket of Los Angeles. With its prime Atwater Village location, proximity to Glendale and The Americana at Brand, two vacant units, mid-century character, parking, and long-term value-add potential, 3025 Glenhurst Avenue offers investors a rare opportunity to acquire a substantial multifamily asset in one of Northeast Los Angeles’ most desirable neighborhoods. **DISCLOSURE: ** Buyers are advised to conduct independent, thorough due diligence, including but not limited to verification of building square footage, unit count, lot size, legal bedroom/bathroom count, parking count, unit mix, year built, zoning & any Q Conditions, market rents, soft-story compliance, and the feasibility of constructing ADUs, additional units, and/or development feasibly. **DO NOT DISTURB TENANTS OR WALK ON PROPERTY - DRIVE BY ONLY **

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$271 USD /SF

# OF UNITS

11

PRICE/UNIT

$209,091

CAP RATE

5.96%

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

11 Units | Atwater Village by Eric Dilanian

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,000 SF

ZONING

R1-1-RIO

APN/PARCEL ID

5437-003-030

ASK ABOUT THIS PROPERTY

Eric DilanianRE/MAX Commercial & Investment RealtyMore Info
213-233-4379

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Eric DilanianRE/MAX Commercial & Investment RealtyMore Info
213-233-4379

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