3911 Verdugo RD, Los Angeles, CA 90065
3911 Verdugo RD, Los Angeles, CA 90065
3911 Verdugo RD, Los Angeles, CA 90065
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$1,750,000
Est. payment /mo
12 Beds
8 Baths
3,963 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 3,963 sqft

Price per Sqft $441

MLS Listing ID 26831551

Bedrooms 12

HOA Y/N No

Year Built 1995

Lot Size 8,049 Sqft

Property Description

We are proud to offer 3911 Verdugo Road, a select multifamily investment located in the Glassell Park neighborhood of Northeast Los Angeles. This distinctive property, built in 1995, features a collection of four units: three 3-bedroom/2-bathroom and one 3-bedroom/2.75-bathroom residences, each approximately 990 square feet. Sitting on a substantial 8,051 square foot lot, the 3,963 square foot building benefits from not being under the Los Angeles Rent Stabilization Ordinance (RSO), allowing for rental increases of 5% plus CPI annually. Current average rents stand at $2,050, which is approximately 60% below the market rate, offering significant growth potential for an astute investor. Each apartment is self-contained with individual water heaters and central HVAC systems. Utilities are conveniently separately metered for gas and electricity. Tenant amenities include two shared covered garages providing eight parking spaces, additional storage, and coin-operated laundry facilities, plus three extra uncovered parking spaces.

Location

State CA

County Los Angeles

Area 623 - Glassel Park

Zoning LAC1

Interior

Heating Central

Cooling Central Air

Fireplace No

Appliance Dishwasher, Disposal

Laundry In Garage

Exterior

Parking Features Uncovered

Garage Spaces 8.0

Garage Description 8.0

Pool None

Total Parking Spaces 11

Private Pool No

Building

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5459014019

Special Listing Condition Standard

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Listed by Sevak Keshishian Marcus & Millichap #01887505

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