$1,500,000
Active
5 Days Online
10 Beds8 Baths6,053 SQFT
Active

3214 Verdugo Road Los Angeles, CA 90065

We are proud to present this exceptional investment opportunity: an 8-unit multi-family property located in the heart of Glassell Park! The seller is open to carrying financing for qualified buyers. This property features 100% single-story units spread across an expansive 20, 002 square-foot lot. Seven of the eight units were constructed between 1948 and 1952, while one unit dates back to 1921.The property comprises five detached buildings, offering (6) 1-bedroom, 1-bath units, (1) 2-bedroom, 1-bath unit, and (1) 2-bedroom, 1-bath unit with a den. Totaling approximately 6, 053 rentable square feet, the property also includes both carport/2 car garage and ample on-site parking for tenants. The property is individually metered for Water, Gas, and Electric, allowing for minimal landlord expenses. For the savvy investor, there's significant value-add potential, including the possibility of adding ADUs, with an estimated upside of 135% (buyer to verify feasibility). The property is zoned RD2-1-CDO-HCR.Situated in the vibrant core of Glassell Park, this property boasts a walk score of 76, meaning most daily errands can be done on foot. It's strategically positioned near Glendale, Atwater Village, Highland Park, and Eagle Rock, and just minutes from Silver Lake, Echo Park, and Downtown LA.**Disclosure:** Buyers are encouraged to conduct thorough due diligence, including verification of building square footage, lot size, legal bedroom/bathroom count, parking, unit mix, year built, zoning, market rents, and ADU or additional unit feasibility.**PLEASE DO NOT DISTURB TENANTS OR WALK ON THE PROPERTY-DRIVE BY ONLY**

  • Property TypeMulti-Family
  • NeighborhoodN/A
  • CountyLos Angeles
  • Taxes$0
  • HOA/Condo/Coop Fees$0
  • Days on Site5 Days
  • MLS StatusActive
  • MLS ID Number24443531
  • Home Size Source Assessor
  • Year Built1948
  • Lot Size0.4592 Acres
  • Full BathsN/A
  • Partial BathsN/A

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General Features

  • Parking CarportGarage - Two Door
  • Parking Spaces 8
  • Number of Stories 11
  • Acreage 0.4592
  • Garage Spaces 2
  • Zoning LARD2
  • Listing Conditions Standard

Community Features

  • Senior Community No
  • MLS Area 623 - Glassel Park

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Monthly Payment (Est.)

$7,256
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