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$ 2,300,000
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Pending
3025 Glenhurst Avenue Los Angeles, CA 90039
8,484 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 8,484 sqft
Price per Sqft $271
MLS Listing ID CL26985093
HOA Y/N No
Year Built 1965
Lot Size 0.276 Acres
Acres 0.2756
Property Sub-Type Other
Property Description
(3 UNITS DELIVERED VACANT) - We are proud to present 3025 Glenhurst Avenue, a rare 11-unit mid-century multifamily investment opportunity in the heart of Atwater Village, one of Los Angeles' most supply-constrained rental markets. Offered for sale for the first time in approximately 35 years, the property is ideally situated just 3/4 blocks from Glendale Boulevard and Atwater Village's popular collection of restaurants, cafes, bars, shops, and neighborhood amenities. Built in 1965, the property consists of approximately 8,484 square feet of improvements on an approximately 12,000-square-foot lot and features 10 carport parking spaces. The building is currently DELIVERED WITH THREE VACANT UNITS, providing an incoming investor with immediate leasing flexibility and an opportunity to capture current market rents. Recent capital improvements include approximately $60,000 in property upgrades and maintenance. Additional upside exists through the potential addition of Accessory Dwelling Units (ADUs), subject to buyer verification and applicable requirements. Opportunities of this scale are exceptionally limited in Atwater Village. Over the past approximately 12 months, only one comparable multifamily building has sold in the neighborhood, highlighting the limited supply of apartment investment opportunities in this highly sought-after pocket of Los Angeles. With its prime Atwater Village location, proximity to Glendale and The Americana at Brand, three vacant units, mid-century character, parking, and long-term value-add potential, 3025 Glenhurst Avenue offers investors a rare opportunity to acquire a substantial multifamily asset in one of Northeast Los Angeles' most desirable neighborhoods.**DISCLOSURE: ** Buyers are advised to conduct independent thorough due diligence, including but not limited to verification of building square footage, unit count, lot size, legal bedroom/bathroom count, parking count, unit mix, year built, zoning & any Q Conditions, market rents, soft-story compliance, and the feasibility of constructing ADUs, additional units, and/or development feasibly.**DO NOT DISTURB TENANTS OR WALK ON PROPERTY - DRIVE BY ONLY **
Location
State CA
County Los Angeles
Zoning LAR1
Interior
Cooling Wall/Window Unit(s)
Fireplace No
Building
New Construction No
Others
Tax ID 5437003030
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Listed by Eric Dilanian • Remax Commercial and Investment Realty