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- LoopNet Team
2434 W Avenue 32
Los Angeles, CA 90065
Build-to-Rent Property For Sale
·
9 Units
INVESTMENT HIGHLIGHTS
- Massive 38,507 sqft lot perched in the hills of Mt. Washington/Glassell Park
- Strong Unit Mix consists of (1) 8+4, (3) 2+1s, (5) 1+1s
- Potential to add TWO ADUs to this property (Buyer to Verify)
- (8) Detached Bungalow Units + SFR with 180° panoramic views (VACANT)
- All Units have been FULLY REMODELED - Exterior/Interior
- Prime TIC Conversion Candidate / Convert to "For-Sale" Product
PROPERTY FACTS
| No. Units | 9 | Total Plot Size | 0.88 ac |
| Property Type | Build-to-Rent | Property Size | 8,920 sq ft |
| Property Subtype | Apartment | No. Floors | 1 |
| Apartment Style | Garden | Year Built/Renovated | 1956/2019 |
| Costar Property Class | C | Parking Allocation | 1.68/1,000 sq ft |
| Use Class | LAR2 - LAR1 | ||
| No. Units | 9 |
| Property Type | Build-to-Rent |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Costar Property Class | C |
| Total Plot Size | 0.88 ac |
| Property Size | 8,920 sq ft |
| No. Floors | 1 |
| Year Built/Renovated | 1956/2019 |
| Parking Allocation | 1.68/1,000 sq ft |
| Use Class | LAR2 - LAR1 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Storage Space
- Washer/Dryer
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- Wooden Floors
- High Speed Internet Access
- Oven
- Stainless Steel Appliances
- Range
- Views
- Yard
- Deck
- Den
- Dining Room
- Family Room
- Garden
- Lawn
- Linen Cupboard
- Patio
- Porch
ABOUT 2434 W AVENUE 32 , LOS ANGELES, CA 90065
2434 W Avenue 32 is located in the rapidly growing Northeast LA neighborhood of Glassell Park and is adjacent to the new LA River Restoration project. The offering consists of (8) detached bungalow units; (3) 2+1s, (5) 1 +1s, and a 2,990 sqft SFR (8 Bed 4 Bath) perched on top of a 38,507 sqft lot. The SFR will be delivered VACANT. These units have been FULLY RENOVATED and include garages, private yards, washer/dryer in-unit, and abundant on-site surface parking. The top house has unrivaled 180° panoramic views of the LA River and Mt. Washington. There is potential to add TWO ADUs to this property (Buyer to verify). Additionally, a Buyer has the potential to convert these rental units into "For Sale" product (TIC Conversion). Cooperating Broker Fee = 2.5%. **CALL ANDREW WILKEY (949) 355-3384**
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT PCM | sq ft |
|---|---|---|---|
| 2+1 | 3 | £3,123 | 690 - 990 |
| 1+1 | 5 | £2,157 | 690 |
| 8+4 | 1 | £6,500 | 2,990 |
PROPERTY TAXES
| Parcel Number | 5456-009-006 | Improvements Assessment | £1,160,097 |
| Land Assessment | £2,299,842 | Total Assessment | £3,459,939 |
PROPERTY TAXES
