Marcus and Millichap is pleased to present a seven (7) unit apartment building located at 3422 Casitas Avenue in Los Angeles, California. The subject property is situated in a prime Atwater Village location, south of Glendale Boulevard and west of North San Fernando Road. Built in 1963, this property contains a good unit mix of three (3) one-bedroom / one-bathroom and four (4) two-bedroom / one-bathroom units. Each unit averages 775 SF. There is ample on-site parking with 4 tuck-under parking plus another
4 open parking. This property is on the market for the first time in 40+ years and has incredible rental upside potential (over 174%). The surrounding area also features many other wonderful amenities including Griffith Park, Glendale Galleria, Atwater Village Farmer’s Market, and Atwater Crossing Art Galleries. This property is also located closely from the Glendale Metrolink and Amtrak Station providing tenants immediate access to major employment hubs throughout Los Angeles. Positioned in a prime Atwater Village location, this offering presents an excellent opportunity for any investor to capitalize on a property with a good unit mix with incredible rental upside potential.