3600-3624 Country Club Dr - Apartments FOR SALE


Los Angeles, CA 90019
$5,500,000 USD
310-202-9166
3600-3624 Country Club Dr, Los Angeles, CA for Sale
$5,500,000 USD
Apartments - FOR SALE
1/9
null | 3.78% Cap Rate

3600-3624 Country Club Dr
Los Angeles, CA 90019


HIGHLIGHTS

  • Spectacular 15 units with Mills Act status located in Country Club Park
  • Three separate buildings with separate APN numbers
  • Enormous 23,000 sq. ft. lot spanning the entire block
  • Great mix of large spacious units
  • Below market rents
  • Incredible character and details throughout

OVERVIEW

This spectacular historic property consisting of three separate buildings with three separate APN numbers was designated with Mills Act status in 2017. It is located in the coveted and historic Preservation Overlay Zone (HBOZ) of Country Club Park. This property known to many as 'the beautiful buildings on the hill', offers expansive city views to its many tenants. It is situated on an enormous 23,000 sq. ft. lot spanning the entire southern side of the block of Country Club Drive between 3rd and 4th Avenue. The buildings were built in 1923 & 1936 by well known architects of that period. The units are large and spacious and total over 17,000 sq. ft. There is an excellent mix of 1,2 & 3 bedroom units, with several being townhouse style. The rents are below market creating a quintessential value-add opportunity for new ownership. The units exude style, character and charm offering a mix of both Mediterranean Revival Style and French Revival Style of architecture. This is an extraordinarily unusual opportunity to purchase this property which has rarely been offered for sale since it was built by its original owner, Edna T. Lux in 1923 and 1936.

FOR SALE DETAILS

PRICE

$5,500,000 USD

PRICE/SF

$795 USD /SF

# OF UNITS

15

PRICE/UNIT

$366,667

CAP RATE

3.78%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1923

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.53 AC

LAND SF

23,302 SF

ZONING

R3-1, Los Angeles

APN/PARCEL ID

5081-015-017,5081-015-018,5081-015-019

ASK ABOUT THIS PROPERTY

Carolyn SchneiderMiller & Desatnik Realty Corp.More Info
310-202-9166

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Carolyn SchneiderMiller & Desatnik Realty Corp.More Info
310-202-9166

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