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Sold for $1,550,000
  • $1,550,000

    3214 Verdugo Rd, Los Angeles, CA 90065

    10beds
    8baths
    6,053sqft
    Multi Family
    Built in 1948
    -- sqft lot
    $-- Zestimate®
    $256/sqft
    $6,244 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $6,244/mo

    Zestimate® history
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    What's special

    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**

    Zillow last checked: 7 hours ago

    Listing updated: October 24, 2024 at 05:04am

    Listed by:

    Eric Dilanian DRE # 01951699 213-233-4379,

    Remax Commercial and Investment Realty 213-817-1000

    Bought with:

    Eric Dilanian, DRE # 01951699

    Remax Commercial and Investment Realty

    Source: CLAW,MLS#: 24-443531MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 10
    • Bathrooms: 8
    Heating
    • Other
    Cooling
    • Wall Unit(s)
    Interior area
    • Total structure area: 6,053
    • Total interior livable area: 6,053 sqft

    Property

    Parking
    • Total spaces: 8
    • Parking features: Carport, Garage - 2 Car
    • Garage spaces: 2
    • Carport spaces: 6
    • Covered spaces: 8
    Features
    • Levels: One
    • Stories: 1
    Lot
    • Size: 0.46 Acres
    • Dimensions: 80 x 250
    Details
    • Additional structures: Other
    • Parcel number: 5456002012
    • Zoning: LARD2
    • Special conditions: Standard
    • Other equipment: None

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Condition
    • Year built: 1948

    Community & neighborhood

    Location
    • Region: Los Angeles

    Price history

    DateEventPrice
    10/24/2024Sold$1,550,000+3.3%$256/sqft
    Source: CLAW #24-443531 Report a problem
    10/11/2024Pending sale$1,500,000$248/sqft
    Source: CLAW #24-443531 Report a problem
    9/24/2024Listed for sale$1,500,000$248/sqft
    Source: CLAW #24-443531 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$20,834 +178%$1,550,000 +197%
    2024$7,494 +1.7%$521,837 +2%
    2023$7,370 +4.3%$511,606 +2%

    Find assessor info on the county website

    Neighborhood: Glassell Park

    Nearby schools

    GreatSchools rating
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