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3318 Drew St
Los Angeles, CA 90065
24 Units | Huge Upside | Glassell Park · Multifamily Property For Sale
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24 Units
Investment Highlights
- 24 units on nearly half-acre lot
- Delivered with at least 9, and likely 11, vacant units
- Projected year one cap rate of 5.1% and market cap rate of 6.9%
- Tremendous opportunity to reposition asset
- Opportunity to relocate remaining tenants
- Desirable unit mix of 67% one-bedrooms & 33% two-bedrooms
Property Facts
| No. Units | 24 | Building Size | 16,361 SF |
| Property Type | Multifamily | Average Occupancy | 71% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1959 |
| Building Class | C | Parking Ratio | 1.83/1,000 SF |
| Lot Size | 0.47 AC | ||
| Zoning | LARD2 | ||
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.47 AC |
| Building Size | 16,361 SF |
| Average Occupancy | 71% |
| No. Stories | 2 |
| Year Built | 1959 |
| Parking Ratio | 1.83/1,000 SF |
| Zoning | LARD2 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 16 | $1,311 | 600 |
| 2+1 | 8 | $1,619 | 870 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $2,069,355 | |
| Land Assessment | $3,104,033 | Total Assessment | $5,173,388 |
Property Taxes
Parcel Numbers
Land Assessment
$3,104,033
Improvements Assessment
$2,069,355
Total Assessment
$5,173,388
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