REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$1,999,999

Est. payment - /mo

10,023 Sqft Lot

Save

UPDATED:

Key Details

Property Type Other Types

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR26180485

Construction Status Repairs Cosmetic

HOA Y/N No

Year Built 1923

Annual Tax Amount $7,773

Lot Size 10,023 Sqft

Property Sub-Type Apartment

Property Description

Irreplaceable 7-Unit Glassell Park Corner lot 3 building Compound

Rare 7-unit multifamily compound consisting of three separate buildings on a prominent corner lot at Avenue 32 and Andrita Street in Glassell Park.
The key investment story is the density. Zoned LARD2, the property's existing seven-unit configuration exceeds what could typically be recreated under current zoning, creating a scarce legal non-conforming asset in a supply-constrained Northeast Los Angeles submarket. California ADU laws may also provide additional upside through conversion of existing garage or storage space, subject to buyer verification.
The property includes a 1920s Spanish duplex with two large one-bedroom townhouse-style units; a 1958 fourplex with three one-bedroom units, one large two-bedroom unit, and four single-car garages; and a detached 1920s two-bedroom bungalow with private garden, patio, and two-car garage.
Long-term ownership has maintained the property while preserving meaningful value-add opportunity through future unit renovations. Each unit is separately metered for gas and electric with individual water heaters. On-site laundry provides additional income.
Six garages plus surface parking, multiple structures, strong existing density, in-place income, and a desirable Glassell Park location create a compelling combination of current yield, scarcity, and long-term upside.
A bonus adjacent parcel to the north includes a long garage and large storage unit.
Zoned LARD2. Subject to Los Angeles RSO. Buyer to verify units, permits, square footage, zoning, income, condition, and ADU potential with the City of Los Angeles.

Location

State CA

County Los Angeles

Area 623 - Glassel Park

Interior

Interior Features Balcony

Heating Zoned

Flooring Wood

Fireplaces Type None

Fireplace No

Laundry Common Area

Exterior

Garage Spaces 6.0

Garage Description 6.0

Fence Average Condition

Pool None

Community Features Urban

Utilities Available Sewer Connected

View Y/N Yes

View Neighborhood

Roof Type Composition,Common Roof,Rolled/Hot Mop

Accessibility Other

Total Parking Spaces 6

Private Pool No

Building

Lot Description Corner Lot

Story 2

Entry Level Two

Foundation Combination

Sewer Public Sewer

Water Public

Architectural Style Spanish

Level or Stories Two

New Construction No

Construction Status Repairs Cosmetic

Others

Senior Community No

Tax ID 5458016032

Acceptable Financing Submit

Listing Terms Submit

Special Listing Condition Trust

Read Less Info

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Adrian Padilla Keller Williams Exclusive Properties 818-747-0111, DRE #01486296

NEARBY SCHOOL & BUSINESS

MORTGAGE CALCULATOR

Use our home loan calculator to estimate your total mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment, and details about the home loan, to calculate your mortgage payment, schedule, and more.

Payment

Schedule

Your mortgage payments over 30 years will add up to $0.

Get more info from a local expert!

Serving Southern California

Customized quick search tools to explore nearby zip codes, cities, and neighborhoods in your favorite destinations

There are 30 quick searches

Serving Arizona

Custom Quick Search Tools To Explore Nearby Zip Codes, Cities & Neighborhoods In Your Preferred Destinations

3151 W Avenue 32 Los Angeles, CA 90065