3214 Verdugo Road, Los Angeles, CA 90065
-
Listed Price :
$1,500,000
-
Beds :
10
-
Baths :
8
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Property Size :
6,053 sqft
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Year Built :
1948
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**
Interior Features
| Bedroom Information |
| Bedrooms |
10 |
| Bathroom Information |
| Bathrooms |
8 |
Listing Information
| Address |
3214 Verdugo Road |
| City |
Los Angeles |
| State |
CA |
| Zip |
90065 |
| County |
Los Angeles |
| Listing Agent |
Eric Dilanian DRE #01951699 |
| Courtesy Of |
Remax Commercial and Investment Realty |
| List Price |
$1,500,000 |
| Status |
Active |
| Type |
Residential Income |
| Structure Size |
6,053 |
| Lot Size |
20,002 |
| Year Built |
1948 |
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.
