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3247 Fletcher Dr 6 Unit Apartment Building $1,500,599 CAD ($250,100 CAD/Unit) 5.10% Cap Rate Los Angeles, CA 90065
Investment Highlights
- Located in Atwater Village with easy access to CA-2 and I-5 for regional connectivity.
- Close to Metrolink commuter rail stations and multiple public transit options.
- Surrounded by retail, dining, and lifestyle amenities in a walkable neighborhood.
- Approximately 5 miles from Downtown Los Angeles and near Glendale business districts.
- Within minutes of Bob Hope Airport and a short drive to Los Angeles International Airport.
- Positioned in a high-demand rental market with strong long-term fundamentals.
Executive Summary
This property offers a rare opportunity to acquire a multifamily asset in the vibrant Atwater Village submarket of Los Angeles. Positioned on Fletcher Drive, the site provides convenient access to major transportation routes, including the Glendale Freeway (CA-2) and Interstate 5, ensuring strong connectivity to Downtown Los Angeles, Glendale, and surrounding employment hubs. The property sits on a 0.21-acre lot and is located within a well-established residential neighborhood with proximity to retail, dining, and lifestyle amenities.
The area benefits from steady demand for rental housing, supported by a diverse population and proximity to creative office corridors and entertainment districts. With its location near public transit options and major commuter rail lines, the property appeals to tenants seeking urban convenience and accessibility. Investors can leverage the long-term growth trajectory of the Los Angeles market, with potential for value-add strategies through renovations or repositioning. Contact us with your best and final offer.
* Owner will pay 2.5% commission to buyer broker
The area benefits from steady demand for rental housing, supported by a diverse population and proximity to creative office corridors and entertainment districts. With its location near public transit options and major commuter rail lines, the property appeals to tenants seeking urban convenience and accessibility. Investors can leverage the long-term growth trajectory of the Los Angeles market, with potential for value-add strategies through renovations or repositioning. Contact us with your best and final offer.
* Owner will pay 2.5% commission to buyer broker
Property Facts
| Price | $1,500,599 CAD | Building Class | C |
| Price Per Unit | $250,100 CAD | Lot Size | 0.20 AC |
| Sale Type | Investment | Building Size | 2,980 SF |
| Cap Rate | 5.10% | Average Occupancy | 83% |
| Sale Condition | 1031 Exchange | No. Stories | 1 |
| No. Units | 6 | Year Built | 1949 |
| Property Type | Multifamily | Parking Ratio | 2.01/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | LAC1 - LAC1 Check with Los Angeles Building and safety for more details | ||
| Price | $1,500,599 CAD |
| Price Per Unit | $250,100 CAD |
| Sale Type | Investment |
| Cap Rate | 5.10% |
| Sale Condition | 1031 Exchange |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 2,980 SF |
| Average Occupancy | 83% |
| No. Stories | 1 |
| Year Built | 1949 |
| Parking Ratio | 2.01/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | LAC1 - LAC1 Check with Los Angeles Building and safety for more details |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Range
- Tub/Shower
Site Amenities
- Trash Pickup - Curbside
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | - | - |
| 1+1 | 4 | - | - |
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5458-017-012 | Improvements Assessment | $323,828 CAD |
| Land Assessment | $511,318 CAD | Total Assessment | $835,147 CAD |
Property Taxes
Parcel Number
5458-017-012
Land Assessment
$511,318 CAD
Improvements Assessment
$323,828 CAD
Total Assessment
$835,147 CAD
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3247 Fletcher Dr
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