3911 Verdugo RD new Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90065
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,963 sqft
Price per Sqft $466
MLS Listing ID 25501609
Bedrooms 12
HOA Y/N No
Year Built 1995
Lot Size 8,049 Sqft
Property Description
We are proud to offer 3911 Verdugo Road, a select multifamily investment located in the Glassell Park neighborhood of Northeast Los Angeles. This distinctive property, built in 1995, features a collection of four units: three 3-bedroom/2-bathroom and one 3-bedroom/2.75-bathroom residences, each approximately 990 square feet. Sitting on a substantial 8,051 square foot lot, the 3,963 square foot building benefits from not being under the Los Angeles Rent Stabilization Ordinance (RSO), allowing for rental increases of 5% plus CPI annually. Current average rents stand at $2,050, which is approximately 60% below the market rate, offering significant growth potential for an astute investor. Each apartment is self-contained with individual water heaters and central HVAC systems. Utilities are conveniently separately metered for gas and electricity. Tenant amenities include two shared covered garages providing eight parking spaces, additional storage, and coin-operated laundry facilities, plus three extra uncovered parking spaces.
Location
State CA
County Los Angeles
Area 623 - Glassel Park
Zoning LAC1
Interior
Heating Central
Cooling Central Air
Fireplace No
Appliance Dishwasher,Disposal
Laundry In Garage
Exterior
Parking Features Uncovered
Garage Spaces 8.0
Garage Description 8.0
Pool None
Total Parking Spaces 11
Private Pool No
Building
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5459014019
Special Listing Condition Standard