3209 Andrita Street, Los Angeles, CA 90065

$1,400,000
11
BD
5
BA
3,816
SqFt

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List Price
$1,400,000
Status
ACTIVE
MLS#
26658973
Year Built
1959
Bedrooms
11
Bathrooms
5
Living Sq. Ft
3,816
Lot Size
9,599
Acres
0.22
Days on Market
152
Property Type
Multifamily
Stories
Two Levels

Property Description

Compass is pleased to present the opportunity to acquire a five-unit property in the highly desirable neighborhood of Glassell Park. Situated on a generous 9,599-square-foot lot, this property offers both immediate income and significant upside potential.The property consists of two separate buildings. The front building features four two-bedroom, one-bathroom units, while the rear building is a four-bedroom, three-bathroom home that will be delivered vacant at closing. This creates a rare opportunity for an owner-user to live on-site while generating rental income, or for an investor to lease the unit at market rates and maximize returns.The subject property is conveniently located near shops, restaurants, major freeways, and Downtown Los Angeles, making it highly attractive to tenants. This is an excellent opportunity for both owner-users and investors alike.With rents currently below market and Glassell Park continuing to experience strong appreciation, this property presents a prime value-add opportunity with substantial income growth potential.Opportunities like this in one of Northeast LA's most sought-after neighborhoods do not last long.!

Additional Information

Attached Structure
Detached
Number Of Units Total
5

Listing courtesy of Listing Agent: Bo Hyeok Kim (bokim@compass.com) from Listing Office: Compass.

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.