Skip To Content
    Return to Previous Page

    2434 W Avenue 32

    Los Angeles, CA 90065
    • $4,350,000
    • STATUS: Active Under Contract
    • ON SITE: 158 days
    • ID#: 20-571732
    Under Contract
    $4,350,000
    • 19
      BEDS
    • 0.88
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,920
      SQFT
    • $488
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1956
    County:

    School Ratings & Info

    Description

    2434 W Avenue 32 is located in the rapidly growing Northeast LA neighborhood of Glassell Park and is adjacent to the new LA River Restoration project. The offering consists of (8) detached bungalow units; (3) 2+1s, (5) 1 +1s, and a 2,990 sqft SFR (8 Bed 4 Bath) perched on top of a 38,507 sqft lot. The SFR will be delivered VACANT. These units have been FULLY RENOVATED and include garages, private yards, washer/dryer in-unit, and abundant on-site surface parking. The top house has unrivaled 180 panoramic views of the LA River and Mt. Washington. Property is offered at a 5.25% CAP rate and 13.79 GRM. There is potential to add TWO ADUs to this property (Buyer to verify). Additionally, a Buyer has the potential to convert these rental units into "For Sale" product (TIC Conversion). Marketing Package & Setup Sheet located in "DOCS" section of listing.

    Monthly Payment Calculator



    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-26T23:42:33.873. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.brandiprattrealestate.com/homes/105199677
    Print Image

    2434 W Avenue 32 Los Angeles, CA 90065

    • Price: $4,350,000
    • Status: Active Under Contract
    • ID#: 20-571732
    19
    Beds
    0
    Baths
    0
    ½ Baths
    0.88
    Acres
    8,920
    SQFT
    $488
    $/SQFT
    1956
    Built
    Neighborhood:
    Glassell Park
    County:
    Los Angeles
    Area:
    Glassell Park
    Property Description
    2434 W Avenue 32 is located in the rapidly growing Northeast LA neighborhood of Glassell Park and is adjacent to the new LA River Restoration project. The offering consists of (8) detached bungalow units; (3) 2+1s, (5) 1 +1s, and a 2,990 sqft SFR (8 Bed 4 Bath) perched on top of a 38,507 sqft lot. The SFR will be delivered VACANT. These units have been FULLY RENOVATED and include garages, private yards, washer/dryer in-unit, and abundant on-site surface parking. The top house has unrivaled 180 panoramic views of the LA River and Mt. Washington. Property is offered at a 5.25% CAP rate and 13.79 GRM. There is potential to add TWO ADUs to this property (Buyer to verify). Additionally, a Buyer has the potential to convert these rental units into "For Sale" product (TIC Conversion). Marketing Package & Setup Sheet located in "DOCS" section of listing.
    Exterior Features

    Carport Spaces Total 5 Covered Parking 9 Cross Streets Verdugo / W Avenue 32 Lot Description Yard Lot Location HillsideHilltop Lot Size Area 38507 Other Structures Other Parking Garage AttachedCarport AttachedDrivewayGarageParking For Guests Paved YN Yes Pool YN No Style Bungalow Tennis YN No Total Parking 15 View Description BluffCanyonCityHillsMountainsOther View YN Yes

    Interior Features

    Baths Total 12.00 Common Walls Detached/No Common Walls Cooling Air Conditioning Den No Dining Room No Equipment CableCeiling FanDishwasherDryerFreezerGarbage DisposalHood FanMicrowaveRange/OvenRefrigeratorOther Family Room No Flooring Hardwood Heating Wall Laundry In Unit Laundry Equipment Own

    Property Features

    Gross Income 313668 Gross Operating Income 304258 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 227181.00 Number Of Buildings 8 Number Of Units 9 Property Condition Updated/Remodeled Rent Control YN Yes Sale Type Standard Source Living Area Estimated Source Lot Size Area Assessor Source Lot Size Dimensions Assessor Tenant Pays ElectricityGas Total Annual Expense 77077 Type Of Units Bungalow Water Heaters YN Yes Zoning Lar2

    Listing provided courtesy of Andrew Wilkey DRE#01998185 of Sobhan Moshrefi.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-26T23:42:33.873. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
    https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_20-571732-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_20-571732-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_20-571732-2.jpg
    Logo
    eXp Realty of California, Inc.
    2603 Camino Ramon, Suite 200
    San Ramon CA, 94583