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3806 W. Avenue 41
Los Angeles, CA 90065

Address
City
Type
APN
Building Area ±
Land Area ±
Zoning
3806 W. Avenue 41
Los Angeles, CA 90065
5 Units
5473-006-001
4,324 Sq. Ft.
6,249 Sq. Ft.
(Q)C2-1VL-CDO
Investment:
Investment:

5 Unit Multifamily Building with (1) Owners-Unit Delivered VACANT. Expansive enclosed garage space ready for an ADU Conversion - Buyer to Verify

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Unit Mix:
Unit Mix:

(1) 2 Bedroom & 1 Bathroom Owner's Unit w/ In-Unit Laundry, Mini-Split A/C, Patio Space, and a Renovated Kitchen/Bath, (1) 2 Bedroom & 1.5 Bath Unit, and (3) 1 Bedroom & 1 Bathroom Units

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Building Size & Year Built:
Building Size & Year Built:

±4,324 Square Feet Built in 1959 | Situated on Corner Lot of ±6,249 Square Feet

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Cap Rate:
Cap Rate:

Strong In-Place Returns of 4.53% Cap Rate and 14.48 GRM on Current Income with Significant Upside Potential - 10.27% Market Cap

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Value Add:
Value Add:

91% Upside Potential - Allowing a New Owner to Capitalize on Robust Returns

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Location:
Location:

Within Minutes to York Blvd, Eagle Rock Blvd, Colorado, and Figueroa Retail Corridors - this Property is Nestled Between NELA's most eclectic and vibrant neighborhoods of Eagle Rock, Glassell Park, Highland Park, Atwater Village, Frogtown and Glendale and minutes to Occidental College!

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CONTACT TO REQUEST OM

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ERIC DILANIAN

Vice President of Investments

(213) 233-4379

EricDilanian@remaxcir.com

DRE # 01951699