NOT LISTED FOR SALE
24 Beds
12 Baths
12,232 Sq Ft
17,164 Sq Ft Lot

Last Sold May 14, 2020

Last sale price $4,450,000 $364 Per Sq Ft

49 Days on Market

About This Home

As of May 2020

3288 Lowry Road is a 12-unit apartment community located in Los Feliz (90027), one of LA's most dynamic neighborhoods. 3288 Lowry Road has been owned by the same family for 3 generations since 1951 and is for sale for the first time in nearly 70 years. 3288 Lowry Road, constructed in 1948, features Twelve (12) large apartment homes within 12,232 SF of improvements. The apartment homes average +/- 1,000 SF with a unit composition of ALL Two Bedrooms and One Bathroom units. The majority of units feature original oak hardwood flooring, formal dining rooms, bay windows, front & rear egress, vintage tiled baths and kitchens, and numerous closet and linen storage. The property includes Twelve (12) gated, on-grade carport parking spaces for all residents and individual storage for each unit. Coin-operated laundry equipment is provided in the common area. While producing strong current income, the property has significant rental upside potential, making it an ideal investment opportunity.

Last Agent to Sell the Property

Nick Astrupgaard

KW Commercial Studio City License #01893466 Listed on: 02/27/2020

KW Commercial Studio City

Co-Listed By

Rich Johns

KW Commercial Studio City License #01432215

Last Buyer's Agent

David Bailey

Keller Williams Beverly Hills License #01018078

Keller Williams Beverly Hills

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • 0.39 Acre Lot

Interior Spaces

  • 12,232 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 24 Bedrooms
  • 12 Bathrooms

Parking

  • 12 Parking Spaces
  • Covered Parking

Community Details

  • 12 Units

Listing and Financial Details

  • Assessor Parcel Number 5434-001-006

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

0.39 Acres

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 12232
  • Stories: 2
  • Year Built: 1948
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 24
  • Total Bathrooms: 12.00
  • Price Per S Q F T: 425.11

Exterior Features

  • Other Structures: None
  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Covered Parking
  • Total Parking: 12

Lot Info

  • Assessed Improvement Value: 211782
  • Assessed Land Value: 205696
  • Assessor Parcel Number: 5434-001-006
  • Geocode Override: No
  • Lot Size Area: 17164

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 16.30
  • Number Of Units: 12
  • Type Of Units: Apartments
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/14/2020 05/14/20 Sold $4,450,000 -14.4% $364 / Sq Ft
04/16/2020 04/16/20 Pending -- -- --
02/27/2020 02/27/20 For Sale $5,200,000 -- $425 / Sq Ft
Source: The MLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $58,349 $4,769,387 $3,280,937 $1,488,450
2024 $58,349 $4,675,870 $3,216,605 $1,459,265
2023 $57,236 $4,584,187 $3,153,535 $1,430,652
2022 $54,618 $4,494,301 $3,091,701 $1,402,600
2021 $53,925 $4,406,179 $3,031,080 $1,375,099
2020 $7,447 $443,028 $218,285 $224,743
2019 $7,231 $434,342 $214,005 $220,337
2018 $6,906 $425,826 $209,809 $216,017
2016 $6,458 $409,293 $201,663 $207,630
2015 $6,386 $403,146 $198,634 $204,512
2014 $6,489 $395,250 $194,744 $200,506
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 20-558742

The MLS
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