3803 Seneca Ave - Apartments FOR SALE


Los Angeles, CA 90039- Atwater Village
$1,679,000 USD
818-845-5551
3803 Seneca Ave, Los Angeles, CA for Sale
$1,679,000 USD
Apartments - FOR SALE
1/15
null | 3.8% Cap Rate

3803 Seneca Ave
Los Angeles, CA 90039
Atwater Village


HIGHLIGHTS

  • Legal Triplex in the highly desirable Atwater Village area, adjacent to Glendale
  • Unit Mix: Front 2 Bed / 2 Bath home plus two rear 1 Bed / 1 Bath units
  • Major Capital Improvements Completed, including newer roof, HVAC systems, electrical, sewer lines, and water heaters.
  • Strong Rental Upside Potential as existing rents are below current market levels.
  • Located minutes from Glendale, Los Feliz, Silver Lake, Griffith Park, Downtown Los Angeles, and major freeways

OVERVIEW

Fully Remodeled Legal Triplex | Atwater Village Adjacent to Glendale | Owner-User & Investment Opportunity Rare opportunity to acquire a beautifully remodeled legal triplex in the highly desirable Atwater Village neighborhood, adjacent to Glendale, Los Feliz, and Silver Lake. This turnkey multifamily investment offers a desirable unit mix consisting of a front 2-bedroom, 2-bathroom home and two rear 1-bedroom, 1-bathroom units, totaling approximately 2,322 square feet on a 5,249-square-foot lot. The property has undergone extensive capital improvements, making it an exceptional low-maintenance investment. Recent upgrades include newer roofing, gutters, HVAC systems, electrical panels and wiring, sewer lines, water heaters, remodeled kitchens and bathrooms, hardwood flooring, updated appliances, and modern interior finishes. Each unit features its own private washer and dryer, providing an attractive amenity for tenants. The property currently produces stable rental income with all three tenants on month-to-month rental agreements, offering future flexibility for rental adjustments or potential owner occupancy of the front residence, subject to applicable laws. Investors will appreciate the opportunity to enhance future cash flow while benefiting from long-term appreciation in one of Northeast Los Angeles' most sought-after rental markets. Located just minutes from Atwater Village's restaurants, cafés, boutique shopping, Griffith Park, Glendale, Los Feliz, Silver Lake, Downtown Los Angeles, and major transportation corridors including Interstate 5, State Route 2, and State Route 134, this property offers outstanding convenience and lifestyle appeal.

FOR SALE DETAILS

PRICE

$1,679,000 USD

PRICE/SF

$723 USD /SF

# OF UNITS

3

PRICE/UNIT

$559,667

CAP RATE

3.8%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Atwater Village Triplex

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1921

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

LAR1

APN/PARCEL ID

5435-002-002

ASK ABOUT THIS PROPERTY

Steve HovakimyanCity Center Realty GroupMore Info
818-845-5551

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Steve HovakimyanCity Center Realty GroupMore Info
818-845-5551

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