3406 Garden Ave - Apartments FOR SALE


Los Angeles, CA 90039- Atwater Village
$1,900,000 USD
213-233-4379
3406 Garden Ave, Los Angeles, CA for Sale
$1,900,000 USD
Apartments - FOR SALE
1/28
null | 8.77% Cap Rate

3406 Garden Ave
Los Angeles, CA 90039
Atwater Village


HIGHLIGHTS

  • Eric Dilanian & The Dilanian Real Estate Advisors Present this 6 Unit in Atwater Village with (5) Units Delivered VACANT! Ready for Full Rehab
  • Structure & Units: (5) 2 Story Town-Home Style 2 Bed +1.5 Bath Units and (1) Corner Unit with 2 Bed +1 Bath | 5 Private Balconies
  • Building and Lot Size: ±5,963 SF and Situated on a ± 6,752 SF Lot
  • Year Built & Zoning: 1965 | LAR1
  • ADU: Opportunity to Add ADU(s) - Buyer to Verify
  • Parking: 6 Spaces & Plentiful Street Parking

OVERVIEW

** PRICE REDUCED $280,000 ** Eric Dilanian and The Dilanian Real Estate Advisors of RE/MAX Commercial & Investment Realty are pleased to present for sale this rare 6-unit Mid-Century investment opportunity located in one of Los Angeles’ most sought-after and vibrant neighborhoods—Atwater Village. Delivered 83% vacant, with five out of six units available, this is an exceptional opportunity for an investor to renovate, reposition, and reimagine the property as a rare, striking Mid-Century Modern asset. Built in 1965, the property features an attractive unit mix consisting of five two-story, townhome-style units with two bedrooms and one-and-a-half baths each, along with one corner flat offering two bedrooms and one bath. Five private, fenced patios—plus a potential front yard extension for Unit 1—complement the sweeping views of Griffith Park enjoyed by every unit. The building totals approximately 5,963 square feet and sits on a 6,752 square foot lot. It is well parked, providing six on-site parking spaces (per the CofO – Buyer to Verify). Zoned R1-1-RIO, the property presents multiple repositioning strategies. Investors can pursue a full renovation with the potential to add ADUs, or explore the opportunity to convert and sell each unit individually as a Tenant-in-Common (TIC) ownership structure. The property also benefits from having its Soft-Story Retrofit completed, with a Certificate of Compliance already received. Located in the heart of North East LA’s Atwater Village, the property offers tenants direct access to one of NELA’s most vibrant retail corridors along Glendale Boulevard. With a Walk Score of 89, the location is considered “Very Walkable,” where most errands and daily activities can easily be accomplished on foot. Disclosure: Buyer to conduct their own due diligence, including but not limited to verification of building square footage, lot size, legal bedroom and bathroom count, parking count, unit mix, year built, zoning, market rents, Soft-Story compliance status, and the ability to construct ADUs or additional units. Do not disturb tenants or walk the property. Drive-by only.

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$319 USD /SF

# OF UNITS

6

PRICE/UNIT

$316,667

CAP RATE

8.77%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Price Reduced $280,000 | 5 VACANT in Atwater

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

LAR1

APN/PARCEL ID

5437-006-010

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 Policy.