3318 Drew St | Los Angeles, CA 90065
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- LoopNet Team
3318 Drew St
Los Angeles, CA 90065
24 Units in Glassell Park: 15 Units Vacant · Multifamily Property For Sale
·
24 Units
INVESTMENT HIGHLIGHTS
- 62 Percent of Units Will Be Delivered Vacant, Allowing New Ownership the Opportunity to Immediately Renovate and Re-Tenant the Property
- The Government Required Seismic Retrofit Work has Already Been Completed by Current Ownership
- Surrounded by Neighborhoods such as Silver Lake, Los Feliz, Echo Park, Atwater Village, Eagle Rock, Highland Park, Frogtown, and Mount Washington
- Separate APN’s Allow a Unique Opportunity for an Investor to Acquire 24 Total Units Without the Required On-Site Management Presence and Expense
- One and Two-Bedroom Units Featuring Spacious Floorplans and Patios (Select Units)
- High Potential for ADU Development, that Allows for Six Potential Attached ADUs (25% of Existing Units) - Buyer to Verify
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 | - | - |
| 2+1 | 8 | - | - |
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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