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$1,100,000
61 Days Online

3806 W Avenue 41
Los Angeles, CA 90065

For Sale|Multi-Family|Active
County:
Los Angeles
Listed by Eric Dilanian of Remax Commercial and Investment Realty

Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.

Call Now: 310-995-6273
Is this the home for you? We can help make it yours.
310-995-6273
3806 W Avenue 413806 W Avenue 413806 W Avenue 413806 W Avenue 41
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Monthly Payment (Est.)

$7,209
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** PRICE REDUCED BY $275,000 ** 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) 1 Bedroom & 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 (5.96% Cap Rate and 11.59 GRM on Current Income), and significant up-side potential of 91% or a 13.31% Market Cap (Before Cap Ex). The property is poised for an investor looking to add rental income from the ADU addition OR an owner-user looking to occupy the owners unit and rent out the remainder. Disclosure: Soft story retrofit work needs to be completed. Seller has RTI plans. Buyer to verify and/all information including but not limited to the property square footage, lot square footage, year built, and zoning.

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Listing Snapshot
Price 
$1,100,000
Days Online 
61 Days
Bedrooms 
7
Inside Area (SqFt) 
4,324 sqft
Total Baths 
7
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.1435 Acres
Year Built 
1959
MLS Number 
22184021
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Assessor
Friends & Family
Recent Activity
yesterdayListing updated with changes from the MLS
yesterdayPrice changed to $1,100,000
3 weeks agoPrice changed to $1,225,000
2 months agoListing first seen online
General Features
Parking 
Covered
Parking Spaces 
5
Number of Stories 
0
Acreage 
0.1435
Zoning 
LAC2
Listing Conditions 
Standard
Interior Features
Heating 
Wall Furnace
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Community Features
Senior Community 
No
MLS Area 
623 - Glassel Park


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. The 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, the 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.

Neighborhood & Commute
Source: Walkscore
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