3318 Drew Street

    Los Angeles (City), CA 90065
    • $2,350,000
    • STATUS: Active
    • ON SITE: 154 days
    • ID#: 19479022
    UPDATED: 62 min ago
    $2,350,000
    • 0
      BEDS
    • 0.23
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,881
      SQFT
    • $298
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1959
    County:

    School Ratings & Info

    Description

    NOTE: 3318 AND 3324 Drew St are available for sale a, 24 units total (two 12 unit buildings side by side). Both will be sold as a portfolio for $4.64 Million. Located adjacent to Atwater Village and Glendale in the Glassell Park neighborhood, the Subject Properties consist of two (2) two-story apartment buildings consisting of twelve (12) units each. The Properties are comprised of eight (8) two bedroom/one bath units and sixteen (16) one bedroom/1 bath units. The Properties have been well maintained by the owner and offer strong upside potential in the rents and via reduced expenses. FIVE UNITS TO BE DELIVERED VACANT (TOTAL BETWEEN BOTH BUILDINGS)! The Properties are also situated on approximately 20,639 SF of land, making it a potential development opportunity. The Subject Property offers easy access to neighboring commercial districts such as Glendale, Atwater Village, Highland Park, Pasadena, Silver Lake, Echo Park, and Downtown LA. SOFT STORY PLANS COMPLETE

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-18T23:27:00.037. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Allison James Estates and Homes. Licensed in the State of California, USA.
    www.teamforss.com/homes/96020063

    3318 Drew Street Los Angeles (City), CA 90065

    • Price: $2,350,000
    • Status: Active
    • Updated: 62 min ago
    • ID#: 19479022
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.23
    Acres
    7,881
    SQFT
    $298
    $/SQFT
    1959
    Built
    Neighborhood:
    623 - Glassel Park
    County:
    Los Angeles
    Area:
    623 - Glassel Park
    Property Description
    NOTE: 3318 AND 3324 Drew St are available for sale a, 24 units total (two 12 unit buildings side by side). Both will be sold as a portfolio for $4.64 Million. Located adjacent to Atwater Village and Glendale in the Glassell Park neighborhood, the Subject Properties consist of two (2) two-story apartment buildings consisting of twelve (12) units each. The Properties are comprised of eight (8) two bedroom/one bath units and sixteen (16) one bedroom/1 bath units. The Properties have been well maintained by the owner and offer strong upside potential in the rents and via reduced expenses. FIVE UNITS TO BE DELIVERED VACANT (TOTAL BETWEEN BOTH BUILDINGS)! The Properties are also situated on approximately 20,639 SF of land, making it a potential development opportunity. The Subject Property offers easy access to neighboring commercial districts such as Glendale, Atwater Village, Highland Park, Pasadena, Silver Lake, Echo Park, and Downtown LA. SOFT STORY PLANS COMPLETE
    Exterior Features

    Lot Size Units Square Feet Parking Features AssignedAttached CarportGarageCovered Parking YN Yes

    Interior Features

    Appliances Refrigerator Appliances YN Yes

    Property Features

    Cap Rate 4.25 Gross Multiplier 17.00 Gross Operating Income 135848.00 Improvements Amount 615402 Land Value 710895 Net Operating Income 99806.00 Special Listing Conditions Standard Total Expenses 54811.00 Zoning Lard2

    Listing provided courtesy of Eon Lew of District Realty Group


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-18T23:27:00.037. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Allison James Estates and Homes. Licensed in the State of California, USA.
     
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