3330 Chapman Street
Los Angeles, CA 90065
7018 sqft | 12 beds | 0.22 acres | #25482855
Description
Available for only $166,250 per unit, the property allows a new investor to capitalize on approximately 73% rent upside. Energy costs are reduced by the tankless water heaters that have been installed at the building. The current owner has also already completed all seismic retrofit repairs, benefitting a new investor by bringing the property into compliance and saving them from an otherwise costly capital expense. Situated across from Forest Lawn, near the intersection of Fletcher Drive and San Fernando Road, the building allows tenants convenient access to trendy and emerging areas such as Los Feliz, Glendale, Atwater Village, Mount Washington, and Highland Park. The high-end Americana at Brand shopping center and the recently revitalized Glendale Galleria are both within two miles, as are Griffith Park and Occidental College. The multimillion dollar North Atwater East Bank Riverway Project, which would provide a 2.2-mile pathway and connect to the Los Angeles River bike path, is just west of the property.
Property Details
- Property SubtypeResidentialIncome
- Property TypeMulti-Family
- CountyLos Angeles
- Original List Price$1,995,000
- MLS #25482855
- MLS #25482855
- Cost1995000
- Acres0.2207
- Square Feet7018
- Year Built1963
- Bedrooms12
- Stories2
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Roderick 'Rick' Raymundo (#CLW-C126070)
Listing Office: Marcus & Millichap (#CLW-X75151)
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