1988 Built | All 2 BRs 3350 Drew St 12 Unit Apartment Building $3,600,000 ($300,000/Unit) 4.78% Cap Rate Los Angeles, CA 90065

The CREM Group is pleased to exclusively present 3350 Drew Street in Los Angeles, California, a 12- unit apartment building in the rapidly evolving Glassell Park neighborhood. Built in 1988, the property features spacious two-bedroom, two-bathroom units averaging approximately 900 square feet each. The building totals 11,008 square feet of improvements on a 9,601-square-foot lot and includes 24 gated parking spaces, on-site laundry facilities, and is separately metered for gas and electricity. The property benefits from its exemption from Los Angeles City rent control and seismic retrofit requirements. Several units have been thoughtfully updated with hardwood flooring, upgraded lighting, and premium kitchen and bath finishes.
Listing broker is also serving as the court-appointed referee for the sale of the property. The sale is subject to court confirmation and may be subject to overbid. Broker makes no representations or warranties regarding the condition, history, or compliance status of the property and shall not be responsible for inspections, repairs, reports, or retrofit requirements prior to closing. Prospective buyers are advised to conduct their own independent investigations and due diligence to satisfy themselves as to all aspects of the property. Contact broker for details.