$3,800,000

639 Juanita Avenue, Los Angeles 90004

4

Beds

4

Baths

8,340

Square feet

7,545

Lot Size

9

# Of Units

Listing Agent
Matthew Ziegler - Marcus & Millichap

***Excellent Assumable Debt - $1,925,000 loan, fixed 3.2% interest-only until April 2027***We pleased to present 639 N. Juanita Avenue, a 9-unit value-add apartment building located in East Hollywood (Silver Lake adjacent). The building was constructed in 1990 so it is not subject to LA City Rent Control (only subject to California State Rent Control). The building consists of all two bedroom/two bath units. Select units have been remodeled and feature vinyl wood flooring, recessed lighting, new windows, new sliding glass patio doors, mini split heat/air-condition units, remodeled bathrooms and kitchens with new shaker cabinets, stone countertops and stainless-steel appliances (gas range oven, refrigerator, dishwasher, microwave). The property features gated entry, secured covered parking and a laundry facility and sits on a 7,543 square foot lot that is LAR3 zoned.This is a great opportunity for an investor who is looking for a value-add property with a favorable unit mix located in an excellent rental submarket that is not subject to City of Los Angeles Rent Control. Existing ownership has been successful in achieving top of the market rents for renovated units. New ownership has an opportunity to realize remaining potential rental upside by continuing the current renovation program to unit interiors as existing tenants move out. 639 N. Juanita Avenue is located in trendy East Hollywood, which has become one of the most sought-after rental submarkets in Los Angeles. The property boasts a Walk Score of 91 as it is just two blocks from chic retail, restaurants, bars, cafes and coffee shops along Virgil Avenue in popular Silver Lake. The property is also just a short drive to Koreatown, Hollywood, West Hollywood, Echo Park and Downtown Los Angeles. The property is conveniently located close to the 101 freeway and just 0.5 miles from the Vermont/Beverly Metro D Line Station offering a viable public transportation option for commuters headed to Downtown Los Angeles or North Hollywood.

Facts & Features

MLS® # 24355985
Price $3,800,000
Bedrooms 4
Bathrooms 4.00
Square Footage 8,340
Lot Size 7,545
Year Built 1990
Type Residential Income
Status Active
# Of Units 9

Community Information

Address 639 Juanita Avenue
Area C21 - Silver Lake - Echo Park
City Los Angeles
County Los Angeles
Zip Code 90004

Amenities

Parking Spaces 12
Parking Covered
Garages Covered
Is Waterfront No
Has Pool No

Interior

Appliances Disposal, Refrigerator
Heating Wall Furnace
Has Basement No
Fireplace No
# of Stories 2
Stories Multi/Split

Additional Information

Date Listed February 7th, 2024
Days on Market 21
Zoning LAR3
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentMatthew Ziegler
OfficeMarcus & Millichap

Listing Map

Request a Showing

Provide a valid email address.
When would you like to view this property?