Los Angeles, CA 90065,3214 Verdugo RD
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Los Angeles, CA 90065,3214 Verdugo RD
Los Angeles, CA 90065,3214 Verdugo RD
Los Angeles, CA 90065,3214 Verdugo RD
Los Angeles, CA 90065,3214 Verdugo RD

$1,550,000

Est. payment /mo

$1,500,000

3.3%
Est.Price: ?

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3214 Verdugo RD Los Angeles, CA 90065

10 Beds

8 Baths

6,053 SqFt

SOLD DATE : 10/24/2024

Key Details

Sold Price $1,550,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 6,053 sqft

Price per Sqft $256

MLS Listing ID 24443531

Sold Date 10/24/24

Bedrooms 10

HOA Y/N No

Year Built 1948

Lot Size 0.459 Acres

Lot Dimensions Assessor

Property Description

We are proud to present this exceptional investment opportunity: an 8-unit multi-family property located in the heart of Glassell Park! The seller is open to carrying financing for qualified buyers. This property features 100% single-story units spread across an expansive 20,002 square-foot lot. Seven of the eight units were constructed between 1948 and 1952, while one unit dates back to 1921.The property comprises five detached buildings, offering (6) 1-bedroom, 1-bath units, (1) 2-bedroom, 1-bath unit, and (1) 2-bedroom, 1-bath unit with a den. Totaling approximately 6,053 rentable square feet, the property also includes both carport/2 car garage and ample on-site parking for tenants. The property is individually metered for Water, Gas, and Electric, allowing for minimal landlord expenses. For the savvy investor, there's significant value-add potential, including the possibility of adding ADUs, with an estimated upside of 135% (buyer to verify feasibility). The property is zoned RD2-1-CDO-HCR.Situated in the vibrant core of Glassell Park, this property boasts a walk score of 76, meaning most daily errands can be done on foot. It's strategically positioned near Glendale, Atwater Village, Highland Park, and Eagle Rock, and just minutes from Silver Lake, Echo Park, and Downtown LA.**Disclosure:** Buyers are encouraged to conduct thorough due diligence, including verification of building square footage, lot size, legal bedroom/bathroom count, parking, unit mix, year built, zoning, market rents, and ADU or additional unit feasibility.**PLEASE DO NOT DISTURB TENANTS OR WALK ON THE PROPERTY-DRIVE BY ONLY**

Location

State CA

County Los Angeles

Area 623 - Glassel Park

Zoning LARD2

Interior

Fireplace No

Exterior

Garage Carport, Door-Multi, Garage

Garage Spaces 2.0

Carport Spaces 6

Garage Description 2.0

Parking Type Carport, Door-Multi, Garage

Total Parking Spaces 8

Building

Story 1

Entry Level One

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 5456002012

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Eric Dilanian • Remax Commercial and Investment Realty
Bought with Eric Dilanian • Remax Commercial and Investment Realty

John Hickey

Agent | License ID: 00985364

+1(818) 434-6696

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