3911 Verdugo Road, Los Angeles, CA 90065
- $1,650,000
- 12
- BD
- 8
- BA
- 3,963
- SqFt
- List Price
- $1,650,000
- Price Change
- ▼ $100,000 1783049121
- Status
- ACTIVE UNDER CONTRACT
- MLS#
- 26831551
- Year Built
- 1995
- Bedrooms
- 12
- Bathrooms
- 8
- Living Sq. Ft
- 3,963
- Lot Size
- 8,051
- Acres
- 0.18
- Days on Market
- 86
- Property Type
- Multifamily
- Stories
- Two Levels
Property Description
We are proud to offer 3911 Verdugo Road, a select multifamily investment located in the Glassell Park neighborhood of Northeast Los Angeles. This distinctive property, built in 1995, features a collection of four units: three 3-bedroom/2-bathroom and one 3-bedroom/2.75-bathroom residences, each approximately 990 square feet. Sitting on a substantial 8,051 square foot lot, the 3,963 square foot building benefits from not being under the Los Angeles Rent Stabilization Ordinance (RSO), allowing for rental increases of 5% plus CPI annually. Current average rents stand at $2,050, which is approximately 60% below the market rate, offering significant growth potential for an astute investor. Each apartment is self-contained with individual water heaters and central HVAC systems. Utilities are conveniently separately metered for gas and electricity. Tenant amenities include two shared covered garages providing eight parking spaces, additional storage, and coin-operated laundry facilities, plus three extra uncovered parking spaces.
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Additional Information
- Appliances
- Dishwasher, Disposal
- Pool Description
- None
- Heat
- Central
- Cooling
- Yes
- Cooling Description
- Central Air
- Garage Spaces Total
- 8
- Attached Structure
- Detached
- Number Of Units Total
- 4
Listing courtesy of Listing Agent: Sevak Keshishian (skeshishian@marcusmillichap.com) from Listing Office: Marcus & Millichap.
Mortgage Calculator
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.