3247 Fletcher Dr - Apartments FOR SALE


Los Angeles, CA 90065- Atwater Village
$1,095,000 USD
818-645-1872
3247 Fletcher Dr, Los Angeles, CA for Sale
$1,095,000 USD
Apartments - FOR SALE
1/12
null | 5.1% Cap Rate

3247 Fletcher Dr
Los Angeles, CA 90065
Atwater Village


HIGHLIGHTS

  • Located in Atwater Village with easy access to CA-2 and I-5 for regional connectivity.
  • Approximately 5 miles from Downtown Los Angeles and near Glendale business districts.
  • Close to Metrolink commuter rail stations and multiple public transit options.
  • Within minutes of Bob Hope Airport and a short drive to Los Angeles International Airport.
  • Surrounded by retail, dining, and lifestyle amenities in a walkable neighborhood.
  • Positioned in a high-demand rental market with strong long-term fundamentals.

OVERVIEW

This property offers a rare opportunity to acquire a multifamily asset in the vibrant Atwater Village submarket of Los Angeles. Positioned on Fletcher Drive, the site provides convenient access to major transportation routes, including the Glendale Freeway (CA-2) and Interstate 5, ensuring strong connectivity to Downtown Los Angeles, Glendale, and surrounding employment hubs. The property sits on a 0.21-acre lot and is located within a well-established residential neighborhood with proximity to retail, dining, and lifestyle amenities. The area benefits from steady demand for rental housing, supported by a diverse population and proximity to creative office corridors and entertainment districts. With its location near public transit options and major commuter rail lines, the property appeals to tenants seeking urban convenience and accessibility. Investors can leverage the long-term growth trajectory of the Los Angeles market, with potential for value-add strategies through renovations or repositioning. Contact us with your best and final offer. * Owner will pay 2.5% commission to buyer broker

FOR SALE DETAILS

PRICE

$1,095,000 USD

PRICE/SF

$367 USD /SF

# OF UNITS

6

PRICE/UNIT

$182,500

CAP RATE

5.1%

% LEASED

83%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1949

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

LAC1

APN/PARCEL ID

5458-017-012

ASK ABOUT THIS PROPERTY

Haig NashalianThe Art in Real EstateMore Info
818-645-1872

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Haig NashalianThe Art in Real EstateMore Info
818-645-1872

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