3911 Verdugo Rd 4 Unit Apartment Building $2,386,405 CAD ($596,601 CAD/Unit) 4.68% Cap Rate Los Angeles, CA 90065

We are proud to offer 3911 Verdugo Road, a four-unit multifamily investment located in the Glassell Park neighborhood of Northeast Los Angeles. Built in 1995, features a collection of four 3-bedroom/2-bathroom units, 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. Three of the units are occupied with a current average rent at $2,235, which is approximately 25% below the market rate, offering significant growth potential for an astute investor. One unit is remodeled and will be delivered vacant, allowing for potential owner-user opportunities or the ability to lease the unit at market rate.
Each apartment is equipped 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.
The location just west of the 2 Freeway ensures easy access to surrounding communities such as Glendale, Atwater, Eagle Rock, Highland Park and Silver Lake, and is minutes from the I-5 Freeway, enhancing connectivity across Los Angeles County.