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3112 Estara Ave
Los Angeles, CA 90065 Atwater Village

$2,600,000 USD

Apartments For Sale  •  12,396 SF

Property Details

  • Property Type Apartments
  • Total Building Size 12,396 SF
  • Lot Size 0.28 AC
  • Building Class C
  • Year Built 1959
  • Zoning [Q]C1-1VL-CDO
50 Transit Score
60 Walk Score

Highlights

Approximately 21% rental upside remains, capturable through ordinary turnover.
The property is offered at $173,333 per unit.
The government-required seismic retrofit work has already been completed, saving a new investor substantial capital and time.
Eagle Rock Boulevard and Verdugo Road, a top Eastside restaurant corridor with Michelin-listed Dunsmoor and Bub and Grandma's, sit half a mile away.
The property has been held by current ownership for 36 years.
Glassell Park’s asking rents run below those of nearby Atwater Village, Eagle Rock and Highland Park.

Amenities

  • Heating
  • Kitchen
  • Oven
  • Range

Public Transportation

Commuter RailDriveWalkDistance
4 min - 1.5 mi
Glendale (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 4 min - 1.6 mi
AirportDriveWalkDistance
Bob Hope 20 min - 13.3 mi
Los Angeles International 34 min - 23.7 mi
Long Beach (Daugherty Field) 39 min - 27.4 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Sean Rosenzweig 213-943-1897 Marcus & Millichap
Sean Rosenzweig 213-943-1897 Marcus & Millichap