2434 W. Avenue 32, Los Angeles, CA 90065

FOR SALE
  • $2,245,000
  • 121 Days on site
  • Beds: 14
  • Baths: 12
  • Commercial Building
  • 9,861 sq ft
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Description

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
  • 121 Days on site
  • Commercial Building
  • Beds: 14
  • Baths: 12

Listing Details

Lot Features
City View
Parking
Parking Space (14)
Cooling
Window Wall Unit
Heating
Wall Furnace Heat
Assessed Taxable Amount
$555,318
Tax Amount
$7,909
Last Transaction Date
01/11/2002
Last Transaction Purchase Price
$445,000
Property Type
Apartments (5+ Units)
Bedrooms
13
Bathrooms
10
Home Size (Sqft)
7,125
Lot Size (Sqft)
38,508
Lot Size (Acres)
0.88
Year Built
1927
Units
9

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

Population
48,553
Median Household Income
$46,788
Median Years In Residence
8
Median Homeowner Age
31
Households with Children
56.19%
Percent of Homes Rented
48.67%

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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