3911 Verdugo Rd - Apartments FOR SALE


Los Angeles, CA 90065- Eagle Rock
$1,849,000 USD
818-212-2694
3911 Verdugo Rd, Los Angeles, CA for Sale
$1,849,000 USD
Apartments - FOR SALE
1/8
null | 3.46% Cap Rate

3911 Verdugo Rd
Los Angeles, CA 90065
Eagle Rock


HIGHLIGHTS

  • Value-Add Property
  • 60% Upside in Rents
  • Central HVAC
  • On-Site Parking – 11 Parking Spaces
  • Built in 1995 - 5% + CPI Rent Increases

OVERVIEW

We are proud to offer 3911 Verdugo Road, a select multifamily investment located in the Glassell Park neighborhood of Northeast Los Angeles. This distinctive property, built in 1995, features a collection of four units: three 3-bedroom/2-bathroom and one 3-bedroom/2.75-bathroom residences, 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. Current average rents stand at $2,050, which is approximately 60% below the market rate, offering significant growth potential for an astute investor. Each apartment is self-contained 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.

FOR SALE DETAILS

PRICE

$1,849,000 USD

PRICE/SF

$467 USD /SF

# OF UNITS

4

PRICE/UNIT

$462,250

CAP RATE

3.46%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

3911 Verdugo Rd.

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1995

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

8,017 SF

ZONING

LAC1

APN/PARCEL ID

5459-014-019

ASK ABOUT THIS PROPERTY

Sevak KeshishianThe SK Group of Marcus & MillichapMore Info
818-212-2694

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Sevak KeshishianThe SK Group of Marcus & MillichapMore Info
818-212-2694

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