3411 Drew Street new Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90065
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID CV25174783
Bedrooms 3
Property Sub-Type Res Income 2-4 Units
Property Description
3411 Drew Street is a 15-unit apartment building located in the quaint neighborhood of Glassell Park. Situated between Glendale and Eagle Rock, the property is in close proximity to a plethora of dining options such as Dunsmoor, The Grant, Solarc Brewing, and Bub and Grandmas Restaurant. In addition, Fairfield Residentials new 370- unit apartment complex (Wylden) is set to begin leasing in the coming months which will ultimately increase the rent ceiling for neighboring owners. The property consists of two (2) one-bedroom units and thirteen (13) two-bedroom units spread across 11,124 rentable square feet. Each unit is separately metered for gas/electric and is allocated one parking space. While the units have been kept in good condition, there is approximately 37% upside in rent that can be achieved as the units turnover. The property is being offered for sale along with the parcel next door that is a 16-unit apartment building.
Location
State CA
County Los Angeles
Zoning Appraiser
Exterior
View Y/N No
Building
Story 2