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3407-3411 Drew St
Los Angeles, CA 90065 Atwater Village

$6,200,000 USD

Apartments For Sale  •  23,207 SF

Property Details

  • Property Type Apartments
  • Total Building Size 23,207 SF
  • Lot Size 0.62 AC
  • Building Class C
  • Year Built 1961
  • Cap Rate 5.50 %
  • Zoning RD2
51 Transit Score
59 Walk Score

Highlights

Rare Opportunity to Purchase a 31-Unit Portfolio in Glassell Park
Zero (0) Properties have Sold Over 30 Units in Glassell Park in the Last Three (3) Years
Almost Entirely Spacious Two-Bedroom Units (77% of Units)
Nine (9) of the Units are Two-Story Two-Bedroom Townhome Style Units
Attractively Priced at a 10.40 Gross Rent Multiplier
Value-Add Component: At Least 30% Rental Upside

Financial Summary (Actual)

Net Operating Income: $341,030 USD (2024)
Cap Rate: 5.50 %
Total Expenses: $249,024 USD

Amenities

  • Kitchen
  • Tub/Shower

Public Transportation

Commuter RailDriveWalkDistance
Glendale (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 5 min - 1.7 mi
Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 14 min - 5.8 mi
AirportDriveWalkDistance
Bob Hope 22 min - 13.6 mi
Los Angeles International 35 min - 24.1 mi
Long Beach (Daugherty Field) 40 min - 27.7 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 31
Type: Surface
Included in Rent: Yes
Andres Diaz 323-376-2469 KW Commercial
Andres Diaz 323-376-2469 KW Commercial