2434 W. Avenue 32, Los Angeles, CA 90065

  • $2,245,000
  • 306 Days on site
  • Beds: 14
  • Baths: n/a
  • Commercial Building
  • 9,861 sq ft


Great opportunity to purchase a well-maintained apartment complex in a rapidly gentrifying portion of NELA, Glassell Park. Rare 38,500 Sq Ft lot with ingress/egress from Ave 32 and Verdugo Place that affords an investor many options: 1) SUBDIVIDE the property into (7) 5,000 SF R2 duplex lots (14 units) 2) REDEVELOP the upper portion of the lot into multiple units. 3) REPOSITION asset by increasing the current rents by 30-40%. The current unit mix is comprised of: one 2BR/2BA, one 2BR/1BA and six 1BR/1BA units, each with their own parking spaces on a courtyard setting. At the upper end of the lot, separated from the apartments, is a private and spacious 4BR/3BA single family home with separate street entrance- perfect for an owner-user! Centrally located in Mount Washington with convenient access to freeways, restaurants, shops, and just minutes to Los Angeles Downtown, Glendale & Pasadena. Offering Memorandum available upon request.

  • MLS ID# 17-210010
  • Year Built: 1927
  • 306 Days on site
  • Commercial Building
  • Beds: 14
  • Baths: n/a

Listing Details

Lot Features
City View
Parking Space (14)
Window Wall Unit
Wall Furnace Heat
Assessed Taxable Amount
Tax Amount
Last Transaction Date
Last Transaction Purchase Price
Property Type
Apartments (5+ Units)
Home Size (Sqft)
Lot Size (Sqft)
Lot Size (Acres)
Year Built
Architecture Type
Condo / Apartment

Public Facts: As provided by County Assessor and Recorder offices. May not reflect recent additions or improvements. If you see any errors, the best way to get the records updated is to contact your local county records office. If any of the information in this section conflicts with property information provided by a listing agent or broker, agent-provided information should be deemed more reliable.

Local Info

Median Household Income
Median Years In Residence
Median Homeowner Age
Households with Children
Percent of Homes Rented

Nearby Elementary Schools

3254 Verdugo Rd
2211 W Avenue 30
2709 Media Center Dr

Nearby Middle Schools

3254 Verdugo Rd
2211 W Avenue 30
3010 Estara Ave

Nearby High Schools

2050 N San Fernando Rd
2050 N San Fernando Rd
2050 N San Fernando Rd

These are the closest schools to your requested location. Proximity does not guarantee enrollment eligibility. Please consult your real estate agent or school district to confirm the schools you are zoned to attend.

Property Contact Info

(310) 432-6400
Listing Agent: Shawn S. Kormondy

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