3214 Verdugo Road

Los Angeles, CA 90065

$1,500,000

List Price

10

bed Beds

8

shower Baths

6,053 sqft

straighten / sqft

1948

calendar_month Built

Property Description

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**

Listing Information

List Price $1,500,000
Status Active
MLS 24443531
Type Residential Income
Year Built 1948
Lot Size 20,002
Structure Size 6,053
DOM 8
Courtesy Of Remax Commercial and Investment Realty
Listing Agent Eric Dilanian DRE#01951699

Interior Features

Total Bedroom
Bedrooms 10
Total Bathroom
Bathrooms 8

Exterior Information

Maps

Listing information courtesy of: Eric Dilanian, Remax Commercial and Investment Realty . *Based on information from the Association of REALTORS/Multiple Listing as of Oct 1st, 2024 at 12:24 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.