3422 Casitas Ave - Apartments FOR SALE


Los Angeles, CA 90039
$1,190,000 USD
818-448-4415
3422 Casitas Ave, Los Angeles, CA for Sale
$1,190,000 USD
Apartments - FOR SALE
1/18
null | 2.52% Cap Rate

3422 Casitas Ave
Los Angeles, CA 90039


HIGHLIGHTS

  • Prime Atwater Village Location
  • Good Unit Mix
  • Incredible Rental Upside Potential (Over 174%)

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,190,000 USD

PRICE/SF

$166 USD /SF

# OF UNITS

7

PRICE/UNIT

$170,000

CAP RATE

2.52%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,753 SF

ZONING

LARD3

APN/PARCEL ID

5436-006-008

ASK ABOUT THIS PROPERTY

Jason TuviaMarcus & MillichapMore Info
818-448-4415

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Jason TuviaMarcus & MillichapMore Info
818-448-4415

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.