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Listed by Andres Diaz • KELLER WILLIAMS REALTY
$ 3,000,000
Est. payment /mo
Active
3411 Drew ST Los Angeles, CA 90065
0.31 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRCV25174783
Year Built 1961
Lot Size 0.311 Acres
Source California Regional MLS
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 Grandma's Restaurant. In addition, Fairfield Residential's 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
Area 623 - Glassel Park
Interior
Laundry Laundry Area
Exterior
Pool None
Building
Water District - Public
Others
Tax ID 5459010006
Special Listing Condition Not Applicable
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