Compass is pleased to present the opportunity to acquire a five-unit property in the highly desirable neighborhood of Glassell Park. Situated on a generous 9,599-square-foot lot, this property offers both immediate income and significant upside potential.The property consists of two separate buildings. The front building features four two-bedroom, one-bathroom units, while the rear building is a four-bedroom, three-bathroom home that will be delivered vacant at closing. This creates a rare opportunity for an owner-user to live on-site while generating rental income, or for an investor to lease the unit at market rates and maximize returns.The subject property is conveniently located near shops, restaurants, major freeways, and Downtown Los Angeles, making it highly attractive to tenants. This is an excellent opportunity for both owner-users and investors alike.With rents currently below market and Glassell Park continuing to experience strong appreciation, this property presents a prime value-add opportunity with substantial income growth potential. The back house will be delivered vacant.
| MLS # | 26999833 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1959 |
| Days On Site | 10 |
| Listing Provided By | Compass | Bo Hyeok Kim |
| Bed(s) | 11 |
|---|---|
| Bath(s) | 5 |
| SQ Feet | 3,816 |
| Story(s) | 2 |
| Units | 5 |
| Building(s) | 2 |
| Zoning | LARD2 |
| Acreage | 0.22 |
| Parking Features | Driveway |
|---|
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90065 |
| Area | 623 Glassel Park |
| Listing VS Median (in 90065) | |
Price: $1,350,000 low | high Med: $975,000 sqft: 3,816 low | high Med: 1,778 $ / sqft: $354 low | high Med: $548 On site: 10 low | high Med: 37 | |
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90065 |
| Area | 623 Glassel Park |
| Listing VS Median (in 90065) | |
Price: $1,350,000 low | high Med: $975,000 sqft: 3,816 low | high Med: 1,778 $ / sqft: $354 low | high Med: $548 On site: 10 low | high Med: 37 | |
![]() | $1,249,0003212 Drew StreetLos Angeles, CA 90065 |