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4 Units in Prime Glassell Park! 2737 Avenue 30 4 Unit Apartment Building $1,249,348 CAD ($312,337 CAD/Unit) Los Angeles, CA 90065
INVESTMENT HIGHLIGHTS
- Room for Multiple ADUs in the Front or in Parking Area
- POTENTIAL TIC CONVERSION, FAMILY COMPOUND, OWNER-USER OPPERTUNITY
- Blocks away from the LA river bike path, which is home to various coffee shops, cafes & breweries
- 4 UNITS FOR LESS THAN THE PRICE OF A HOME IN THE AREA!
- Property is subject to City of Los Angeles Rent Control (RSO)
- Ideal location in Glassell Park - near Cypress Park, Eagle Rock, Silver Lake, Highland Park and Atwater Village’s hot spots
EXECUTIVE SUMMARY
Looking to invest in an affordable income property in Northeast LA? There are currently only 3 fourplexes for sale in the 90065 zip code, and this one is at least $355K CHEAPER than the rest! This charming 4 unit is located in the palm tree lined residential streets between San Fernando Rd and Eagle Rock Blvd, south of the 2 Freeway near the Ribet Academy. There are 2 duplex structures on the lot, and all units are 1Br+1Ba. There is also open parking in the rear. All tenants are long term, Contact the listing agent for a rent roll and more info. Relocation for owner occupancy and/or TIC conversion may be an option (Buyer to verify). Glassell Park is one of Northeast LA's most desirable neighborhoods. Known for its hilly terrain and scenic views, the area offers a mix of residential charm and urban convenience, not to mention amazing local restaurants and retailers. The median sale price for homes in Glassell Park is approximately $1.22million, reflecting an 11.1% year over year increase. This is a high barrier to entry area with rentals always in great demand. An excellent long term, affordable investment!
Call Dana for more info 310-562-9630 or email for a marketing package Dana@IncomePropertiesLA.com
Call Dana for more info 310-562-9630 or email for a marketing package Dana@IncomePropertiesLA.com
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$65,294
|
$27.53
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$29,525
|
$12.45
|
| Net Operating Income |
$35,769
|
$15.08
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $65,294 |
| Annual Per SF | $27.53 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $29,525 |
| Annual Per SF | $12.45 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $35,769 |
| Annual Per SF | $15.08 |
PROPERTY FACTS
| Price | $1,249,348 CAD | Building Class | C |
| Price Per Unit | $312,337 CAD | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 2,372 SF |
| No. Units | 4 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1923 |
| Apartment Style | Garden | Parking Ratio | 1.69/1,000 SF |
| Zoning | LARD1 | ||
| Price | $1,249,348 CAD |
| Price Per Unit | $312,337 CAD |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 2,372 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1923 |
| Parking Ratio | 1.69/1,000 SF |
| Zoning | LARD1 |
AMENITIES
UNIT AMENITIES
- Porch
SITE AMENITIES
- Fenced Lot
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | $1,538 CAD | 540 - 646 |
1 1
Walk Score®
Very Walkable (76)
PROPERTY TAXES
| Parcel Number | 5457-011-016 | Improvements Assessment | $438,684 CAD (2025) |
| Land Assessment | $292,452 CAD (2025) | Total Assessment | $731,136 CAD (2025) |
PROPERTY TAXES
Parcel Number
5457-011-016
Land Assessment
$292,452 CAD (2025)
Improvements Assessment
$438,684 CAD (2025)
Total Assessment
$731,136 CAD (2025)
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4 Units in Prime Glassell Park! | 2737 Avenue 30
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