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3350 Drew St
Los Angeles, CA 90065
1988 Built | All 2 BRs | New Roof · Multifamily Property For Sale
·
12 Units


Investment Highlights
- LISTING BROKER IS ALSO SERVING AS COURT-APPOINTED REFEREE. SALE SUBJECT TO COURT CONFIRMATION AND POSSIBLE OVERBID. CONTACT BROKER FOR DETAILS.
- Twelve two-bedroom, two-bathroom units averaging approximately 900 square feet each; several updated units (TWO VACANT UNITS)
- Secure gated complex with 24 covered parking spaces, on-site laundry facilities, separately metered for gas and electric.
- Built in 1988, the property is subject only to AB 1482 statewide rent control and is exempt from the Los Angeles Rent Stabilization Ordinance (RSO).
- Located in the Glassell Park neighborhood, convenient access to DTLA, Glendale, Pasadena, and Hollywood via the 2 and 5 freeways.
- Brand new roof installed April 2026
Executive Summary
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.
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.
Property Facts
| Price Per Unit | $241,667 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.22 AC |
| Cap Rate | 6.33% | Building Size | 11,008 SF |
| Gross Rent Multiplier | 9.98 | Average Occupancy | 84% |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1988 |
| Property Subtype | Apartment | Parking Ratio | 2.18/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | RD2 - Restricted Density Multiple Dwelling | ||
| Price Per Unit | $241,667 |
| Sale Type | Investment |
| Cap Rate | 6.33% |
| Gross Rent Multiplier | 9.98 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 11,008 SF |
| Average Occupancy | 84% |
| No. Stories | 2 |
| Year Built | 1988 |
| Parking Ratio | 2.18/1,000 SF |
| Zoning | RD2 - Restricted Density Multiple Dwelling |
Amenities
Unit Amenities
- Heating
- Tile Floors
- Granite Countertops
- Hardwood Floors
- Range
- Tub/Shower
- Walk-In Closets
Site Amenities
- 24 Hour Access
- Controlled Access
- Fenced Lot
- Tenant Controlled HVAC
- Gated
- Trash Pickup - Curbside
- Public Transportation
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 12 | - | - |
Property Taxes
| Parcel Number | 5458-025-003 | Improvements Assessment | $621,476 |
| Land Assessment | $300,049 | Total Assessment | $921,525 |
Property Taxes
Parcel Number
5458-025-003
Land Assessment
$300,049
Improvements Assessment
$621,476
Total Assessment
$921,525
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