$1,375,000

3806 W Avenue 41, Los Angeles, CA 90065

4,324

Square feet

6,249

Lot Size

5

# Of Units

Listing Agent
Eric Dilanian - Remax Commercial and Investment Realty

We are pleased to present for sale this rare 5 Unit mid-century construction multifamily building nestled between LA's most eclectic sub-markets of Eagle Rock, Glassell Park, Highland Park, Atwater Village, Frogtown, and Glendale. The property boasts an excellent unit mix of (1) 2 Bed & 1 Bath "Owners Unit" with in-unit laundry, mini-split A/C & private patio space with recent, modern renovations that will be delivered VACANT, (1) 2 Bed & 1.5 Bath Unit, and (3) 1Bedroom & 1.5 Bathroom Units. A total square footage of 4,324 SF, situated on a lot size of 6,249 SF, the property is gated, includes a common area laundry room, and is surrounded by ficus hedges that create a private and Zen-like environment for high-paying tenants. There are (4) tuck-under parking spaces and (1) expansive garage space that can be immediately converted to an ADU (Buyer to Verify Feasibility). With limited supply in this prime location, strong in-place returns (4.53% Cap Rate and 14.48 GRM on Current Income), and significant up-side potential of 91% or a 10.27% Market Cap (Before CapEx), 3806 W Avenue 41 will not last. The property is poised for an investor looking to add rental income from the ADU addition OR an owner-user looking to occupy the owner's unit and rent out the remainder. Disclosure: Soft story retrofit work needs to be completed. Seller has RTI plans. Buyer to verify any and all information including but not limited to the property square footage, lot square footage, and zoning. Drive By Only - Do Not Walk on Property. Email LA1 for a 3D Tour of the Interior.

Facts & Features

MLS® # 22184021
Price $1,375,000
Bathrooms 0.00
Square Footage 4,324
Lot Size 6,249
Year Built 1959
Type Residential Income
Status Active
# Of Units 5

Community Information

Address 3806 W Avenue 41
Area 623 - Glassel Park
City Los Angeles
County Los Angeles
State CA
Zip Code 90065

Amenities

Parking Spaces 5
Parking Covered
Garages Covered
Is Waterfront No
Has Pool No

Interior

Heating Wall Furnace
Has Basement No
Fireplace No

Additional Information

Date Listed July 29th, 2022
Days on Market 17
Zoning LAC2
Foreclosure No
Short Sale No
RE / Bank Owned No
HOA Fees 0.00

Listing Details

AgentEric Dilanian
OfficeRemax Commercial and Investment Realty

Listing Map

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